FedEx Reports Second Quarter Results

“Our second quarter results demonstrate that our efforts to transform our operations are working. The Federal Express segment delivered operating profit growth despite several headwinds, including the continued weak U.S. domestic demand environment as well as the expiration of our U.S. Postal Service contract,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “I am proud of the team for continuing to deliver solid service to our customers throughout the Peak season, as we create a more flexible, efficient, and intelligent network.” Consolidated operating results were negatively affected by lower-than-expected FedEx Freight revenue and profit, as sustained weakness in U.S. industrial production continued to pressure less-than-truckload industry demand. The lower FedEx Freight results were mostly offset by cost reduction benefits at Federal Express from DRIVE program initiatives and higher base yields at each transportation segment.
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AAP October 2024 StatShot Report: Overall Publishing Industry Up

Total revenues across all categories for October 2024 were up 8.3% as compared to October 2023, coming in at $1.4 billion. Year-to-date revenues were up 7.1%, at $12.1 billion for the first ten months of the year. Trade (Consumer Books) revenues were up 7.3% in October at $1.1 billion. In terms of physical paper format revenues during the month of October, in the Trade (Consumer Books) category, Hardback revenues were up 8.8%, coming in at $487.9 million; Paperbacks were up 6.2%, with $321.4 million in revenue; Mass Market was up 11.7% to $10.1 million; and Special Bindings were up 1.5%, with $27.2 million in revenue. Year-to-date Trade revenues were up 6.9% at $7.9 billion for the first ten months of the year. Hardback revenues were up 7.5%, coming in at $2.9 billion; Paperbacks were up 3.8%, with $2.7 billion in revenue; Mass Market was down 16.2% to $101.1 million; and Special Bindings were up 4.3%, with $187.4 million in revenue.
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Jaakko Nikkilä appointed President of Billerud Europe

Jaakko Nikkilä holds the position of Executive Vice President at UPM, heading the business area Specialty Paper with global sales of around EUR 1.5 billion, until year-end. Jaakko Nikkilä has extensive experience in both international sales and production of fiber-based packaging materials. He has been employed by the UPM Group since 1995 and served as a member of the UPM Group Executive Team since 2019. “I am very pleased that Jaakko Nikkilä will join Billerud to lead Region Europe where the focus for the coming years is to strengthen performance through our existing manufacturing assets. I am convinced that his qualities and deep understanding of the paper and packaging industry will be instrumental for Billerud going forward,” comments Ivar Vatne, President and CEO of Billerud. Jaakko Nikkilä, born 1967, is a Finnish citizen. He will assume the position as President of Billerud Europe on 1 May 2025 and will be based in Stockholm. As previously announced, Matthew Hirst will leave Billerud on 31 January 2025. Ivar Vatne will act as the interim President of Region Europe from 1 February to 30 April.
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AF&PA Releases November 2024 Printing-Writing Monthly Report

The American Forest & Paper Association released the November 2024 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 6% in November compared to November 2023. U.S. purchases of total printing-writing papers increased 2% in October compared to the same month last year. Total printing-writing paper inventory levels increased 1% when compared to October 2024. November year-to-date (YTD) total U.S. shipments grew 2% compared to the same period last year. UFS and CFS shipments increased by 0.1% and 7% YTD, respectively. MECH shipments however, decreased 2% YTD.
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Taiwan Becomes First in Asia-Pacific to Achieve 100% FSC Certification for Public Forests

After five years of effort, Taiwan has achieved a significant milestone in the Asia-Pacific region, with 100% of public forests now certified under the Forest Stewardship Council (FSC). The certification covers nearly 1.6 million hectares, representing 71.5% of Taiwan’s total forest area—the highest certification rate in the region. The Forestry and Nature Conservation Agency of the Ministry of Agriculture introduced the Forest Stewardship Council (FSC) certification system since 2018 to promote sustainable forest management. Mr. Lin Hua-qing, Director of the Forestry and Nature Conservation Agency, emphasized that this accomplishment will help reduce Taiwan’s reliance on imported timber. By sustainably managing domestic plantations, Taiwan aims to increase self-sufficiency, reduce energy consumption, and cut carbon emissions from long-distance timber transportation.
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Sonoco Completes Strategic Review, Announces Agreement to Sell Thermoformed and Flexibles Packaging (TFP) Business to TOPPAN Holdings Inc.

Sonoco Products Company announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business to TOPPAN Holdings Inc. for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments. The Transaction, which reflects the completion of the previously announced strategic review of Sonoco’s TFP business, is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025. Net proceeds from the transaction are expected to be used to repay existing debt. “The decision to sell our TFP business accelerates our portfolio simplification strategy, streamlines our organizational structure, and enables more focused capital investments in our remaining industrial paper and consumer packaging businesses,” said Howard Coker, Sonoco’s President and Chief Executive Officer.
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Closing the year as circularity champions

These increasing volumes of sold PCR products for the agri sector, show how well our circular solution for bale wrap has been received by the market. It is a solution for the future, and we can proudly say that we are leading the way together with our customers and partners. Trioworld can offer a premium Loop alternative for each product in the agricultural stretch portfolio, even the most efficient and high-performance products such as 19 µm and mantle films. Being able to achieve a constant and reliable premium quality, also in these demanding applications, is possible because we recycle the used bale wrap into new raw material in our own recycling sites and can therefor secure the quality throughout the whole process. In 2024, we also ramped up our in-house recycling capacity, which is the outcome of our significant investment at the Trioworld Reviva site in Korsberga, Sweden. Our efforts in driving the transition to a circular solution within bale wrap has also just been acknowledged at this year’s Recycling Gala, hosted on November 28th in Stockholm, Sweden, where we were able to claim first place in the category "Circular Initiative of the Year".
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2024 In Review: CJK Group’s Landmark Year of Growth, Integration, Redefinition

CJK Group, Inc. has celebrated a year-long journey of growth and realignment with many pivotal events setting the course for a dynamic future in the publishing industry and beyond. February 2024 saw the acquisition of Kodi Collective LLC, a leading portfolio of full spectrum print and creative marketing solutions spanning multiple print facilities and a full-service photography/ videography and creative studio with a network of over 400 validated suppliers. Kodi’s breadth of offerings, capabilities, and core values were instantly recognized as a perfect complement to CJK Group’s market-leading Sheridan® family of print solutions. Perhaps the most strategic developments in 2024 came from the thoughtful rebranding of Kodi Collective’s diverse offerings. In September, the three Kodi commercial digital print facilities were relaunched under the well-known Digital Lizard™ brand. The end of October marked the rebranding of Kodi’s Marketing Execution and Creative Production capabilities, once again under a highly regarded brand – Continuum™.
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Flint Group’s Sustainability Report for Financial Year 2023 highlights progress on its sustainability goals

Flint Group, a leading supplier of inks and coatings for the global print and packaging industry, announces the launch of its Sustainability Report for the 2023 financial year, which details the company’s progress against its ambitious sustainability targets. The report details substantial advancements for Flint Group’s commitment to environmental stewardship and social responsibility and highlights notable gains made against the three pillars of its PRISM framework – Product, Planet, and People. The detailed update details key achievements made throughout 2023. In 2023, Flint Group reduced its total energy consumption by 15% compared with the previous year, while its use of renewable energy grew from 16% to 24% in the same period.
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Lecta secures FSSC 22000 food safety certification for its Leitza mill

Lecta is pleased to announce that its Leitza mill in Spain has obtained FSSC 22000 food safety systems certification for its metallized papers for packaging applications in the food industry. Lecta, which had already obtained FSSC 22000 certification for its Sant Joan les Fonts mill and ISO 22000 certification for food safety management systems at its Motril mill, both in Spain, thereby guarantees the safety of its manufacturing processes and end products for packaging applications in this sector. This is an essential step in meeting the needs and trust of its clients and consumers in general. FSSC 22000 and ISO 22000 food safety standards are two of the most widely known standards in the food industry and entail rigorous audits to ensure compliance.
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FSC launches survey to gain insights into the use of bio-based materials in FSC-certified products

Bio-based materials are on the rise as companies strive to phase out fossil-based materials and transition to bio and circular economy. Today, non-forest bio-based materials are mixed with forest-based materials in FSC-certified products such as textiles, packaging, and furniture. Currently, non-forest bio-based materials are considered neutral in FSC-certified products and are exempt from FSC Chain-of-Custody requirements. FSC’s Circularity Hub is currently analyzing the use of non-forest bio-based materials in FSC-certified products to explore the potential of these emerging materials and FSC’s approach to them in the future. To gain insights into the actual use of bio-based materials, the Circularity Hub has launched a survey that FSC stakeholders are encouraged to participate in.
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FSC celebrates 30 years of championing sustainable forest management

Since its founding in 1994, FSC has championed sustainable forest management, spanning economic, social and environmental aspects of sustainability. With its rigorous and trusted forest certification system, FSC is contributing to healthy and resilient forests, upholding the rights of Indigenous Peoples and forest sector workers, promoting gender equality, and safeguarding biodiversity. Strong relationships with a diverse set of stakeholders are central to FSC’s mission and impact. As of 2024, FSC’s impact across the globe includes: *160+ million hectares of forest certified worldwide *1,150+ members from 89 countries offering environmental, economic and social perspectives *300+ staff across 42 local offices extending FSC’s reach and advocacy *60,000+ certifications issued verifying sustainable practice *1,700+ brands holding an FSC promotional licence, helping drive awareness
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GPO Awarded Nearly $470M in Contracts in 2024

The U.S. Government Publishing Office’s (GPO) print procurement program awarded $469.2 million in contracts with private-sector printing companies across the country to meet the printing and publishing needs of Federal agencies in fiscal year 2024. This work represented more than 73,00 orders. Nearly 75 percent of all printing ordered by Federal agencies from GPO is performed by private sector firms working under contract with the Agency. GPO typically competitively awards contracts to approximately 1,000 printing contractors a year. Nearly 10,000 companies are registered to do business with the Agency, using GPO as their one-stop shop for print and related services contract opportunities. In fiscal year 2024, GPO awarded jobs to vendors in all 50 states, plus the District of Columbia, Puerto Rico, Guam, and the U.S. Virgin Islands. GPO’s relationship with the private sector dates back to the 1940s. This program provides significant economic opportunity for the printing industry and local economies.
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GreenFirst Announces Agreement with Mahogany Investors for Sale of Duties

GreenFirst Forest Products Inc., is pleased to announce a strategic agreement with Mahogany Investors, LLC regarding the sale of its entitlements to refunds, including accrued interest, related to duties imposed on softwood lumber exported from Canada to the United States during the specified period 2021 and 2022. The agreed sale price for these entitlements is approximately $17,500,000 USD, with the potential for additional proceeds based on the timing and resolution of the ongoing trade dispute. “This agreement underscores our commitment to strengthening our financial foundation while maintaining focus on our core business operations,” said Joel Fournier, GreenFirst’s CEO. “By monetizing these refund rights, we are unlocking value and enhancing our ability to pursue strategic initiatives. The recent rights offering, combined with today’s transaction, will provide enough liquidity to execute Phase I of our strategic expenditures plan to become the largest sawyer in Ontario and get the company closer to becoming a top quartile lumber producer.”
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AF&PA Releases November 2024 Packaging Papers Monthly Report

The American Forest & Paper Association (AF&PA) released the November 2024 Packaging Papers Monthly report.  Total packaging papers & specialty packaging shipments in November increased 9% compared to November 2023. They were up 11% when compared to the same eleven months of 2023. The operating rate for bleached packaging papers was 75.9%, up 4.8 points from November 2023 and up 6.7 points year-to-date. Shipments of the biggest subgrade in unbleached packaging papers – bag & sack – were 97.2 thousand short tons for the month of November, up 2.6% from the same month last year and up 16.6% year-to-date.
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On the path to EUDR alignment: see our webinar recording

Last week, we held the latest instalment of the PEFC alignment to EUDR webinar series, sharing news from the European Commission as well as the roll out of the new PEFC EUDR compliance support solution. With our PEFC experts Hubert Inhaizer (Sustainable Forest Management), Maja Drca (EU Affairs), Marta Martínez Pardo (Chain of Custody), and Rob Shaw (Data and Integrity), we touched on the alignment of our Sustainable Forest Management benchmark, the PEFC EUDR DDS module, partnerships with technology experts to ensure data management, and the latest new from the Commission. If you missed the webinar, you can see the recording at: https://pefc.org/news/on-the-path-to-eudr-alignment-see-our-webinar-recording
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5 Ways to Reduce Your Carbon Footprint

For the printing industry and its supply chain, embracing sustainable practices is not just a smart business decision—it’s essential for our future. Reducing your carbon footprint is one of the most impactful ways to contribute to a healthier planet while ensuring long-term business success. The following five strategies are practical, actionable, and designed to make a significant difference for businesses of all sizes. 1. Track Your Emissions - Before you can reduce your emissions, you need to know where they originate. 2. Implement Energy Efficiency Measures - Improving energy efficiency is one of the most effective ways to reduce emissions. 3. Reduce Waste - Reducing waste is a key component of sustainability. 4. Update Your Machinery - Modern machinery often incorporates innovations in automation and energy efficiency, making it more environmentally friendly than older models. 5. Validate Your Carbon Emissions and Reductions - Third-party validation of your carbon emissions and reductions adds credibility to your sustainability efforts.
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Perfection Press Becomes Part of Total Printing Systems

Perfection Press and Total Printing Systems (TPS), based in Newton IL, are pleased to announce that on December 13, 2024, Perfection Press and its commercial book printing operations have become part of TPS. We are also excited that the Perfection Press sales and support team, led by Mike Riley and David Broxterman, will also be joining TPS. To improve efficiency, book printing and binding operations of Perfection Press will be consolidated into TPS’s Newton facilities. “Our goal is to continue to offer the personalized, high-quality solutions and support of Perfection Press,” stated RJ Lindemann, Vice President of TPS. “TPS is family-owned and operated business that specializes in short-run book manufacturing (tps1.com). For over 50 years, we’ve provided high-quality products and services to our customers, while also providing a quality workplace for our employees. Our team of over 70 people continues to grow and expand, and we have nothing but optimism for the future of the printed book.”
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Mondi Neusiedler completes €20 million investment to improve energy efficiency and sustainability

Mondi has made good progress on the previously announced €20 million investment programme at its Neusiedler uncoated fine paper mills (Austria). The full benefit of the upgrades is expected from the first quarter of 2025, including reduced greenhouse gas emissions and increased energy efficiency and operational safety. The programme includes four key projects at the Kematen pulp and paper mill: rebuild of the recovery boiler and associated infrastructure to increase energy efficiency and improve overall performance; upgrade of the pulp dryer from gas burners for air heating to steam heat exchangers to eliminate emissions and further improve safety; installation of a new steam accumulator to balance fluctuations in steam demand which improves efficiency and turbine performance; and revamp of the steam turbine with a new rotor to increase electricity production. Additional enhancements include a new steam system and heat recovery at the paper machine, and winder optimisation to improve customer reel output. The programme also included upgrades at the Theresienthal site to improve the efficiency of the paper machine’s steam and condensate system, increase automation in the additive kitchen, and introduce a refined winder concept.
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Seaman Paper expands in Germany and acquires paper manufacturer Julius Glatz GmbH

Seaman Paper Company (“Seaman Paper”), a fourth-generation, family-owned global leader in sustainable paper and packaging solutions with operations in the U.S., Asia, and Europe, has acquired Julius Glatz GmbH (“Glatz”), a pioneer in specialty papers based in Neidenfels, Rhineland-Palatinate, Germany. Founded in 1885, Glatz is a family-owned company and one of the global market leaders in producing high-quality technical specialty products. The acquisition of Glatz and its subsidiaries (Julius Glatz GmbH, PaperTec GmbH, and Glatz TransTec GmbH) bolsters Seaman Paper’s longstanding presence in Germany and adds to its global expertise and technological capabilities in the production and converting of specialty paper packaging solutions replacing single-use plastics across the globe. Terms of the transaction remain confidential.
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McClatchy Wraps Up Merger With Accelerate360

McClatchy has completed its merger with accelerate360 and formed a new entity called McClatchy Media Company (MMC), which it claims reaches 100 million unique visitors per month. Announced in August, the merger combines McClatchy's 30 news products, including The Miami Herald, The Kansas City Star, The Sacramento Bee and the Fort Worth Star-Telegram, and accelerate360's lifestyle brands such as Us Weekly, Woman's World and Soap Opera Digest. “The combination creates many opportunities to leverage our digital platform at scale, provide additional original content offerings to consumers, and targeted audience access to our marketing partners,” says Tony Hunter, chairman and chief executive officer of MMC.
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Canada’s leading news media companies launch legal action against OpenAI

Torstar, Postmedia, The Globe and Mail, The Canadian Press, and CBC/Radio-Canada filed a legal action against OpenAI. News media companies invest hundreds of millions of dollars into reporting Canadians’ critical stories, undertaking investigations and original reporting, and distributing media in both official languages in every province and territory across this country. The content that Canadian news media companies produce is fact-checked, sourced and reliable, producing trusted news and information by, for, and about Canadians. This requires significant investment, and the content produced by news media companies is copyrighted. News Media Companies welcome technological innovations. However, all participants must follow the law, and any use of intellectual property must be on fair terms.
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PEFC RED II certification: discover the latest developments

The new PEFC RED II standards are a significant move towards PEFC providing companies with a tool to demonstrate their compliance with the RED II sustainability and greenhouse gas saving criteria across the European Union (EU). These new standards will enable PEFC chain of custody certified organisations seeking RED II compliance to obtain a PEFC RED II certificate and use the PEFC certification scheme to demonstrate that the forest biomass they use meets the relevant RED II sustainability criteria.
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Wood meets Tech – as Papira® provides protective packaging for Wilfa

In an exciting collaboration between Wilfa and Papira® by Stora Enso, the wood-based packaging of the ProBaker kitchen mixer becomes a masterpiece creating a recipe for a more sustainable future. A collaboration that requires no compromise on either company’s strong focus on design, quality, safety and innovation. Who knew sustainable materials could look this good? Norwegian company Wilfa is dedicated to environmental responsibility and is actively seeking sustainable alternatives in packaging materials. With their ProBaker kitchen mixer they needed a solution that could meet their demands on sustainability, without compromising on protective features and design. “We will always try to challenge some established truths and technologies. The ProBaker has been developed together with professional bakers and users, and we’re becoming the favourite of advanced and demanding home bakers! When Stora Enso reached out to us with Papira®, we found this to be a perfect match for the ProBaker”, says Arnt Sandvik Nilsen, Category Director at Wilfa.
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Tetra Pak wins Resource Efficiency award at the Sustainable Packaging News awards 2024

Tetra Pak has received the ‘Resource Efficiency’ Award at the Sustainable Packaging News Awards 2024, for its paper-based barrier material innovation. The awards recognise the most innovative advancements in sustainable packaging over the past year. A world-first in the carton packaging industry, the paper-based barrier when combined with plant-based polymers, reduces the carbon footprint of aseptic food packaging by up to one-third, while maintaining the highest standards of food safety and performance. The carbon reduction achievement has been verified by the Carbon Trust.1
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Costco Wholesale Corporation Reports First Quarter Fiscal Year 2025 Operating Results

Net sales for the first quarter increased 7.5 percent, to $60.99 billion from $56.72 billion last year. Net income for the quarter was $1,798 million, $4.04 per diluted share, compared to $1,589 million, $3.58 per diluted share, last year. This year’s results included a tax benefit of $100 million, $0.22 per diluted share, related to stock-based compensation. Last year’s results included a tax benefit of $44 million, $0.10 per diluted share, also related to stock-based compensation. Costco currently operates 897 warehouses, including 617 in the United States and Puerto Rico, 109 in Canada, 41 in Mexico, 36 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.
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U.S. Postal Service Delivering Exceptional Service Through Holiday Season’s Busiest Week

With two weeks remaining before Christmas Day (Wednesday, Dec. 25), the U. S. Postal Service today reports exceptional service performance during the peak holiday rush and expects continued success throughout the season, including the busiest week of the year — the week just before Christmas. Through the substantial progress the Postal Service has made under its 10-year Delivering for America plan — a $40 billion investment aimed at modernizing and reinvigorating the organization — USPS has met the challenge of the year’s peak surge in mail and package volume with expanded processing capabilities, optimized transportation strategies, enhanced operational precision and the dedication of more than 640,000 employees nationwide. The continued transformation of the Postal Service has led to significant cost savings, increased service reliability and enhanced service performance. Currently, 98 percent of the nation’s population receives their mail and packages in an average of 2.6 days.
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Hearst Magazines Acquires MotorTrend Group

Hearst Magazines today announced the acquisition of MotorTrend Group, a Warner Bros. Discovery business, comprised of MotorTrend and a diversified portfolio of automotive digital, direct-to-consumer, social, print and live-event brands. The announcement was made by Steven R. Swartz, president and CEO of Hearst; Debi Chirichella, president of Hearst Magazines; and Alex Wellen, CEO and president of MotorTrend Group, whose auto-focused brands include MotorTrend, Hot Rod, Roadkill, Automobile, among others. Terms were not disclosed. MotorTrend Group will expand Hearst’s collection of brands for car enthusiasts and buyers providing even more up-to-the-minute content, commerce and community. MotorTrend Group’s vast portfolio embodies car culture from electric vehicles to timeless classic customs, reaching over 30 million users every month. Its robust events business draws approximately 500,000 passionate enthusiasts every year to iconic experiences such as HOT ROD Drag Week, Roadkill Nights and the Japanese Automotive Invitational at Pebble Beach.
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FSC Launches Initiative to Improve Workplace Culture in North America’s Forestry

In alignment with the FSC Strategic Framework on Diversity and Gender (2022-26), and furthering the foundational efforts of the Free to Grow in Forestry Movement, the co-leadership of FSC Canada, FSC US and FSC International, a North American Council comprised of FSC economic, Indigenous, environment and social chambers, and the International Forest Students Association (IFSA), are now working collaboratively to lead the sector toward strengthening their workplace culture for the betterment of all people. The FSC Strategic Framework on diversity and gender calls for a “paradigm shift” in workplace culture that can only be achieved by the joint efforts and contributions of all members of society. With that in mind, FSC has established an Inclusion Council for its North American membership. This council will provide strategic guidance on the development of an action plan, serving as a pilot case study for fostering the transformational change FSC aims to create internationally.
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Revolution acquires Island Plastics

Revolution Sustainable Solutions LLC, Little Rock, Arkansas, has acquired Island Plastics LLC, a Flint, Michigan-based company that produces 100 percent postconsumer recycled linear low-density and low-density polyethylene (LLDPE, LDPE) film-grade resin. Revolution says the aim of its purchase is to bolster its commitment to sustainable loop solutions and expand its recycling capabilities, particularly in the production of clear food-grade postconsumer resin (PCR) for flexible packaging and other applications. Island Plastics operates a mechanical recycling facility dedicated to producing LLDPE and LDPE PCR. Revolution says Island Plastics is the largest film recycling plant in Michigan and has been instrumental in advancing plastic recycling technologies while maintaining stringent quality standards.
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TPM Graphics Installs Fifth Versafire LV from Heidelberg

TPM Graphics, a full-service commercial printer in Arlington Heights, IL, recently installed a new Versafire LV from HEIDELBERG. This latest addition complements a Versafire EP installed in 2021. Designed to manage substantial monthly print volumes, the Versafire LV allows TPM Graphics to optimize its workload as it increasingly shifts towards digital production. This installation marks the company’s fifth Versafire purchase since 2013, underscoring its confidence in HEIDELBERG’s digital solutions and its commitment to delivering high-quality printed products for its clients. TPM Graphics, who specializes in printing for the healthcare and insurance industries, recently completed upgrading and expanding various parts of its “production arsenal.” Started in 1985, the company began digital print production nearly fifteen years ago and installed its first HEIDELBERG digital press a few years later.
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CDP Powers Its Postpress with Koenig & Bauer Allpro 145 Folder Gluer

Ever since Complete Design & Packaging was established 22 years ago in Concord, NC, its business of producing custom corrugated packaging and point-of-purchase displays has flourished due to its excellent customer service, superior quality, and expert investment strategies in the latest technology, all to deliver solutions to its nationwide customers and give the firm a powerful competitive advantage. Its 100,000 sq ft manufacturing site will become even more formidable when Koenig & Bauer delivers its Allpro 145 folder gluer by the end of the year. “Quick turnaround time is key for our customers,” says Keith Furr, general manager at CDP. “We were finding that our post press department was becoming a bottleneck and getting congested as our company grew. We needed a new high speed folder gluer to allow us to respond to our customers’ demands. This acquisition will enhance our existing capabilities. As part of our ongoing dedication to our customers, this significant investment underscores our commitment to delivering the highest quality solutions and meeting the fast turnaround needs of our client base.”
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Adobe Reports Record Q4 and Fiscal 2024 Revenue

“Adobe delivered record FY24 revenue, demonstrating strong demand and the mission-critical role Creative Cloud, Document Cloud and Experience Cloud play in fueling the AI economy,” said Shantanu Narayen, chair and CEO, Adobe. “Our highly differentiated technology platforms, rapid pace of innovation, diversified go-to-market and the integration of our clouds position us for a great year ahead.” “Adobe drove FY24 records of $21.51 billion in revenue, $8.06 billion in cash flows from operations and $19.96 billion in RPO,” said Dan Durn, executive vice president and CFO, Adobe. “Adobe’s strategy, AI innovation and massive cross-cloud opportunity position us well for 2025 and beyond.”
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Oral Statement of Postmaster General Louis DeJoy Before the House Committee on Oversight and Accountability

Good morning, Chairman Comer, Ranking Member Raskin, and Members of the Committee. I appreciate the opportunity to once again discuss the significant progress the U.S. Postal Service is making in accomplishing the objectives identified in the Delivering for America plan. When I agreed to take on the role as Postmaster General, the nation was in the beginning of a pandemic and the Postal Service was in an organizational crisis, facing a diverse array of challenges that put the organization on an accelerating and near-term trajectory to financial and service collapse. The Postal Service had lost almost $90 billion, was projected to lose another $200 billion over the next 10 years and was about to run out of cash before the year end.
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Huhtamaki appoints Axel Glade as President, Flexible Packaging

​Axel Glade, (55), has been appointed President, Flexible Packaging and member of the Global Executive Team at Huhtamaki. He will join the company no later than January 1, 2026. He will report to President and CEO Charles Héaulmé and will be based in Espoo, Finland. Axel joins Huhtamaki from Constantia Flexibles, a Flexible Packaging company headquartered in Vienna, Austria, where he has served as Executive Vice President of the Film Division and member of Executive Committee. Since joining Constantia in 2011, he has held several leadership roles such as SVP Consumer and CEO at Constantia Pirk. Before Constantia, Axel held various leadership roles in other packaging companies including Sealed Air and Bischof + Klein. “I am very pleased to welcome Axel to Huhtamaki and the Global Executive Team. His impressive background in the Flexible Packaging industry and his experience in leading multinational businesses will be key in leading our Flexible Packaging segment and delivering on our 2030 ambitions,” says Charles Héaulmé, President and CEO of Huhtamaki​.
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Metsä Group will introduce nature compensation in its environmental deviations

Metsä Group introduces voluntary nature compensation measures in its environmental deviations. Part of regenerative forestry, nature compensation overcompensates the harm to nature resulting from any legal violations. The operating model ensures that corrective measures linked to defective performance result in greater benefit than harm to nature. Nature compensation will be applied in matters related to the Nature Conservation Act and the Forest Act – key legislation in terms of biodiversity. The development of the compensation model is ongoing, and it will be applied retrospectively from 2023 for deviations detected. During 2025, an independent expert group invited by Metsä Group will participate in the determination of nature damage and compensation measures for these sites, while the operating model's methods are developed for the future.
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Transcontinental Inc. Announces Results for the Fourth Quarter and Fiscal Year 2024

"Once again, we posted solid quarterly results and therefore ended the fiscal year on a strong note," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. "I am very pleased with the excellent results for fiscal 2024 and would like to thank our teams for their disciplined work in reducing costs and improving profitability. "In our Packaging Sector, despite the ongoing pressure on our medical market activities, we reported a 6.5% increase in adjusted operating earnings before depreciation and amortization for the quarter, mainly as a result of our cost reduction initiatives. For the fiscal year 2024, our adjusted operating earnings before depreciation and amortization amounted to $262.2 million, up 14.2% compared to the prior year. "In our Retail Services and Printing Sector, we recorded an increase in adjusted operating earnings before depreciation and amortization for a second consecutive quarter. The actions taken to improve our cost structure, a more favourable product mix, including the roll-out of raddar™, as well as growth in our in-store marketing activities, continue to show results.
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Billerud’s new Science Based Targets approved – largest reductions to come from the North American operations

Billerud’s new Science Based Targets have been officially approved, marking a significant milestone in the company’s commitment to contributing to a low carbon society. This approval highlights Billerud’s ambition to lead the industry in producing high performing, renewable paper and packaging materials. As part of this commitment, Billerud has committed to reduce Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2022 as the baseline year. “We have already made significant progress in European operations, and while continuing our efforts there, the largest reductions going forward will come from our North American operations. We have established plans including a dedicated organization and the necessary investments to achieve these targets,” says Ulrika Wedberg, EVP Sustainability & Public Affairs.
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Fedrigoni confirms growth trend on nine months 2024 results

Fedrigoni closed 3Q 2024 with revenues of 468.3 million euros compared to 412.0 million in the same period of 2023 (+13.7%) and an adjusted Ebitda of 61.7 million, 8.2% higher than the 57.0 million in 3Q 2023. A growth trajectory confirmed by the results for the first 9 months of the year, which stood at 1.425.4 million in revenues (+8.7% compared to 1.311.2 million in January-September 2023) and 221.7 million in adjusted Ebitda (+8.2%, up from 204.9 million). The Group is set to end the year with revenues over 2 billion euros. “2024 was characterized again by a discrete volatility,” comments CEO Marco Nespolo, ”we started with good results in the first six months, partially driven by a recovery in the destocking trend across the value chains we serve. In the latter part of the year we had a gradual slowdown mainly due to softening growth in some end markets such as luxury and wine&spirit. Overall it was a pretty positive year that we estimate to close with about 10% growth in Revenues and Ebitda. In fact, barring any particular surprises in the last months of the year, we expect 2024 revenues to exceed €2 billion (up from €1.8 billion in 2023) and pro forma Ebitda to exceed €370 million, up about 10% from the previous year (€337.7 million)”
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Adobe Express and Box Partner to Bring Industry-Leading Creativity and AI Tools to Businesses

Box, Inc., the leading Intelligent Content Management platform and Adobe announced a partnership that will redefine how digital media is managed, created and shared in the enterprise. Adobe Express will be generally available as the default image editor in Box, empowering every Box user to easily create more engaging content without leaving Box’s secure platform. Adobe Express brings the best of Adobe’s industry-leading creative tools into an app everyone can use. Features in Adobe Express powered by Adobe Firefly generative AI are designed to be safe for business so enterprises can deploy them broadly – with confidence. With the new capabilities generally available through the Adobe Express integration, Box enterprise customers will have the ability to empower millions of individuals and teams to create the content they need for their jobs quickly and easily. Using the Adobe Express integration in Box, marketers can edit images for their next campaign, HR teams can customize compelling training content, and sales teams can develop high-impact content for their next pitch – all within their secure Box workflows, enhancing Box’s Intelligent Content Management solution.
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Macy’s, Inc. Reports Third Quarter 2024 Results

Third Quarter Highlights: *Macy’s First 50 locations delivered third consecutive quarter of comparable sales growth, up 1.9%. *Bloomingdale’s reported comparable sales growth of owned and owned-plus-licensed-plus-marketplace of 1.0% and 3.2%, respectively. *Bluemercury reported comparable sales growth of 3.3%. “Our third quarter results reflect the positive momentum we are building through our Bold New Chapter strategy,” said Tony Spring, chairman and chief executive officer of Macy’s, Inc. “We are encouraged by the consistent sales growth in our Macy's First 50 locations and the strong performance of Bloomingdale's and Bluemercury. Quarter-to-date, comparable sales continue to trend ahead of third quarter levels across the portfolio. Looking ahead, we remain committed to achieving sustainable, profitable growth for Macy’s, Inc.”
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Pregis Accelerates Path to Net Zero by 2040 with Wind Power

Pregis® has taken a transformative step toward its 2040 net-zero pledge. In 2024, the company will match 100% of the electricity consumed at six facilities with wind power. The sites selected primarily produce curbside recyclable paper mailers. This milestone reduces market-based scope 2 emissions by over 4,000 metric tons of CO2e annually—the equivalent of driving from New York City to Los Angeles 3,723 times. This renewable energy initiative accelerates the company’s comprehensive decarbonization strategy, which includes: *Transitioning all global operations to renewable energy *Enhancing energy efficiency and electrification in manufacturing *Expanding on-site solar energy installations *Innovating sustainable products with lower carbon feedstocks
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ANDRITZ introduces new pilot line for dry molded fiber production

International technology group ANDRITZ has inaugurated a new technical center in Montbonnot, France, dedicated to advancing solutions for dry molded fiber production. Dry molded fiber (DMF) production uses a nearly waterless process to convert cellulose fibers into three-dimensional products for sustainable packaging. Based on its strategic partnership with the Swedish DMF pioneer PulPac, ANDRITZ is now able to offer complete dry molded fiber lines. The new technical center with its pilot line will support ANDRITZ’s development of industrial-scale solutions for high-speed, turnkey dry molded fiber production plants for the packaging industry. It will also enable customers to conduct trials, receive support on R&D projects, and create new products with customized shapes and barrier properties.
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Canfor acquires additional shares in Vida

Canfor Corporation announced that it has acquired 7% of outstanding shares of VIDA AB effective today (12/10/2024). The shares were acquired from certain minority shareholders utilizing their option privileges under the February 2019 agreement in which Canfor purchased 70% of VIDA AB, Sweden’s largest privately owned sawmill company. After concluding this transaction, Canfor owns 77% of VIDA AB.
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Redefining paper strength: Mondi and Dobis innovate with lighter, paper shopping bags containing recycled fibres

Mondi, a global leader in sustainable packaging and paper, has collaborated with Dobis to increase efficiency in the production and reduce paper grammages of their paper shopping bags for the fashion, fast food and retail industries. Dobis, a Polish converter specialising in the production of paper bags, has long been known for its focus on production efficiency and modernised operations. In its quest for excellence, Dobis has leveraged Mondi’s expertise to optimise its paper grades and successfully reduce paper weight without sacrificing the strength and print quality required for premium shopping bags. By transitioning to lighter weight papers, Dobis has not only been able to reduce material consumption, but also improve print quality and achieve clearer results with less ink, supporting the company’s sustainability goals.
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Wiley Reports Second Quarter 2025 Results

*High-single digit revenue growth in Learning from favorable market conditions and AI licensing. *Low single digit revenue growth in Research from solid demand to publish and modest improvement in Research Solutions offsetting a large year-over-year swing in legacy print and licensing revenue. *Continued strong margin improvement and EPS growth. *GAAP Results: Revenue of $427 million vs. $493 million in prior year due to foregone revenue from divested businesses, Operating Income of $64 million (+39%). “ Continuous improvement is a way of life for us now, and it’s beginning to pay off in our quality growth and margin expansion,” said Matthew Kissner, Wiley President and CEO. “Learning has had a good year so far, both Academic and Professional, and Research delivered low-single digit growth with leading indicators and favorable comparisons signaling a better second half ahead. Additionally, we continue to see interest from tech companies and other corporate LLM developers for our high-value content and data to train and commercialize AI models.”
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AAP Celebrates Final Victory in Infringement Case Against Internet Archive

The Association of American Publishers announced the final resolution of Hachette Book Group v. Internet Archive, after Internet Archive declined to file a cert petition with the U.S. Supreme Court by the December 3, 2024 deadline. We are pleased that the Second Circuit’s September 4, 2024 opinion stands as the eloquent legal ending to this case, as it draws extensively on Supreme Court precedent and will be broadly impactful to other controversies, including artificial intelligence cases. “After five years of litigation, we are thrilled to see this important case rest with the decisive opinion of the Second Circuit, which leaves no room for arguments that ‘controlled digital lending’ is anything more than infringement, whether performed by commercial or noncommercial actors, or aimed at authorship that is creative or factual in nature. As the Court recognized, the public interest—and the progress of art and science that is the mandate of the Constitution’s copyright clause—is served best when authors and their publisher licensees can decide the terms on which they make their works available. We are indebted to Hachette, HarperCollins, Penguin Random House, Wiley, their authors, and the many amici in this case who stood up for copyright, without which we would be a less inspired and less informed society.”
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Texas State Board of Education Approves Savvas Learning Company’s Texas myView Literacy Curriculum for Grades K-5

Savvas Learning Company, a next-generation K-12 learning solutions leader, is pleased to announce that its Texas myView Literacy has been approved by the Texas State Board of Education (SBOE) for inclusion on the state’s new list of high-quality instructional materials (HQIM) for K-5 English language arts and reading and Spanish language arts and reading. Combining powerful Science of Reading-based instruction with engaging student-centered practice opportunities, Texas myView Literacy is a full-subject (core), evidence-based instructional program for grades K–5 designed to develop strong readers and writers. Savvas developed its Texas-specific myView Literacy, which is also available in Spanish as miVisión Lectura, to support educators and improve student academic outcomes while also aligning with all of the state’s educational standards, known as the Texas Essential Knowledge and Skills (TEKS) with phonics components included.
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Survey Finds Optimism Gap Between Teachers and Administrators Yet a Broad Consensus on Solutions for Student Success

Savvas Learning Company, a next-generation K-12 learning solutions leader, today released findings from its first annual Savvas Educator Index, revealing administrators are more optimistic than teachers about the future of the teaching profession, student motivation, and the role of AI in the classroom. However, the national survey also shows agreement among educators on solutions to close the optimism gap and enhance student success. The 2024 Savvas Educator Index is designed to understand educators’ perspectives on key issues shaping K-12 education today. Its findings reflect insights from a nationwide survey of more than 1,600 K-12 educators, including teachers as well as school and district administrators.
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FSC met with Domtar representatives

FSC met with representatives of Domtar to discuss the potential implications of the transfer of the beneficial ownership of Asia Pulp and Paper (APP) to Mr. Jackson Wijaya (the current beneficial owner of Domtar) and to agree on the next steps forward in the legal review of the corporate and ownership links between Domtar and APP. We understand that the transfer of the beneficial ownership of APP to Mr. Jackson Wijaya has not yet taken place, and no details are available to us on the date of the expected transfer. The parties agreed to cooperate on a fast and rigorous process of review to examine the shareholding and ownership relationships, if any, between Domtar and APP because of this planned transfer. This review will be commissioned immediately and concluded after the transfer of beneficial ownership of APP to Jackson Wijaya is complete.
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Novolex and Pactiv Evergreen Inc. to Combine, Establishing a Leading Manufacturer in Food and Beverage Packaging

Novolex® and Pactiv Evergreen Inc. announced they have entered into a definitive agreement to combine, creating a leading manufacturer in food, beverage and specialty packaging products. The combination brings together two highly complementary businesses that will offer a broad product platform, establishing one of the most diverse substrate offerings in the packaging industry. The asset base will include an extensive manufacturing footprint and an expansive distribution network, enhancing the combined company’s ability to serve customers ranging from large, blue-chip brands to small businesses that serve millions of consumers every day. “This transaction reflects the continuation of our long-term growth strategy to create the industry’s most innovative, sustainable and customer-focused company,” said Stan Bikulege, Chairman and CEO of Novolex. Michael King, President and Chief Executive Officer of Pactiv Evergreen, said, “We are pleased to reach this agreement with Novolex, which shares our commitment to product quality and recognizes our potential for future growth."
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Global Packaging Solutions to Expand Albemarle Facility

Global Packaging Solutions has announced an expansion of its operations in Albemarle, NC, creating 10 new jobs and investing $4.8 million in real and business personal property. This expansion is made possible through the Rural Infrastructure Authority’s Building Reuse Grant, totaling $80,000. The Office of Governor Cooper officially announced the funding of Global Packaging Solutions’ Building Reuse Application on December 5. Global Packaging Solutions is a premier manufacturer specializing in flexible packaging and pouch production. The expansion involves establishing four new production lines and acquiring advanced machinery, effectively tripling its operational capacity within five years, according to President Jim Anderson.
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Green Bay Packaging Announces Major Investment to Modernize Arkansas Kraft Paper Mill

Green Bay Packaging (GBP) is pleased to announce a substantial investment in the modernization of its Arkansas Kraft paper mill. This is a multi-year project which significantly enhances the infrastructure of the mill and underscores the company’s commitment to sustainable practices and operational efficiency. The investment will encompass vital replacements of key process components, including the recovery boiler and biomass boiler infrastructure. Additionally, GBP is set to install an electric turbine generator, an integral element of the decarbonization strategy that will substantially reduce Scope 1 and 2 greenhouse gas emissions. The project also includes the acquisition of approximately 300 acres of land for future investments and expansion, positioning the mill for the long-term.
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Greif Launches New Modular Packaging Solution

Greif, Inc. announced at the Pack-Expo conference in Chicago the launch of ModCan™, an innovative modular packaging solution designed to improve efficiency and safety in shipping and storing dissimilar materials and waste. Using a unique wedge-shaped design, the modular components are engineered to fit precisely into a Greif 55-gallon drum, allowing multiple materials, chemicals, or waste components to be shipped together without fear of contamination or exposure. By optimizing the available space inside a single drum, ModCan reduces the number of shipments required and improves safety by eliminating the need to transfer or consolidate materials into larger containers. This is particularly useful for waste applications in specialty manufacturing, semiconductor operations, clean rooms, laboratories, and pharmaceutical production.
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Inteplast Group Acquires CoolSeal USA

Inteplast Group has acquired CoolSeal USA, LLC. The plastic corrugated manufacturer and fabricator is based in Perrysburg, OH. CoolSeal USA will operate under Inteplast Group’s World-Pak Division. Andy Chen, general manager of World-Pak, said that CoolSeal USA’s leadership in the corrugated boards market complements Inteplast Group’s produce, warehousing, and other products used for packaging and storage. “We are enthusiastic about welcoming CoolSeal USA into the Inteplast Group fold. Its commitment to developing sustainable and recyclable products aligns with our stance on supporting supply chains that eliminate or otherwise encourage reusability and less waste,” Chen said. “With CoolSeal on our team, World-Pak, and Inteplast Group, by extension will expand our collective contributions to a circular economy beyond the industries, customers, and communities we serve.”
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Tetra Pak and Yellow Dreams set to boost carton recycling

With a joint investment of around €3 million by Tetra Pak and Yellow Dreams, a new recycling plant is set to start operations in Ittervoort (The Netherlands) in the second half of 2025. The facility will handle the non-fibre component (polyAl) from used beverage cartons, boosting the recycling capacity in the European Union (EU). Strategically located near the Belgian and German borders, the plant has the potential to process the entire volume of polyAl from beverage cartons recycled in Belgium and The Netherlands, and part of the volume from Germany. Featuring an annual capacity of 20,000 tonnes, this second Dutch plant complements the existing 8,000-tonne capacity at Recon Polymers’ facility in Roosendaal, marking a significant increase to the region’s recycling capacity. It also adds to the existing and well-established recycling infrastructure in the EU, where beverage cartons are recycled in 20 specialised paper mills, with polyAl currently processed by ten facilities.
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Ahlstrom unveils new sustainable PFAS-free filtration media for Air-Oil Separation with advanced water-repellent properties

The global industrial filtration market is poised for significant growth in the coming years, driven by the demand for more efficient and sustainable filtration solutions. Within this landscape, the air-oil separator market is projected to grow steadily at over 5% annually over the next decade. Air-oil separators are used in compressors and vacuum pumps, where removing residual lubricating oil is critical for machinery performance, and oil and gas systems that require impurity-free final products of the highest quality. The separators play a vital role across industries in separating oil from air or gas and thereby improving equipment performance and lifespan, recycling of lubricating oils, protecting equipment, and reducing environmental emissions. To address this growing demand, Ahlstrom, a global leader in innovative filtration solutions, is proud to introduce a groundbreaking PFAS-free filtration platform with water-repellent properties specifically designed for air-oil separation applications. This new solution offers filter manufacturers a sustainable alternative to meet stringent regulatory and performance demands while maintaining durability and reliability.
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West coast port strike in Canada disrupts global supply chain

The British Columbia Maritime Employers Association has locked out more than 700 supervisors at ports throughout British Columbia. At the same time, a strike at the Port of Montreal, the biggest port in eastern Canada, continues to cause problems. The strike has already led to partial closures, affecting 40% of the port’s container traffic. Shipping delays could quickly add up, potentially disrupting important international shipments and creating significant economic challenges for global businesses and consumers. The West Coast ports are essential, managing about $576 million in daily trade and serving as a key part of North America’s ports, railroads, and trucking network. However, a long-lasting strike could seriously disrupt this system, causing problems across the supply chain.
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Cyber Monday 2024 becomes highest ecommerce sales day to date

Cyber Monday 2024 results overtook totals from the same day in 2023 to reach the highest U.S. online sales for any day historically, once again beating projections, according to Adobe Analytics data. Adobe Analytics had projected U.S. consumers would spend $13.2 billion online on Cyber Monday 2024, which already would have been a record. Then, consumers exceeded that by $100 million, spending $13.3 billion on Cyber Monday this year. That’s 7.3% more than they spent in 2023.
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Amid EUDR delay, FSC calls for swift action for deforestation-free future

The European Parliament, Council of the European Union (EU), and EU Commission have agreed to a one-year delay in the implementation of the EU Deforestation Regulation (EUDR), amongst other outcomes. This decision underscores the complexity of tackling deforestation and degradation whilst ensuring regulations are both rigorous and enforceable. The Forest Stewardship Council (FSC) remains a staunch supporter of the EUDR’s ambition to create deforestation-free supply chains, in Europe and globally. This delay should not deter immediate action for sustainable forestry. We urge stakeholders to take the tangible steps already available and continue advancing forest stewardship together. FSC’s recommendations: 1. Act as if the EUDR is already in effect 2. Accelerate supply chain traceability 3. Strengthen collaboration with EU authorities 4. Empower smallholders and Indigenous Peoples while collaborating with governments
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Sonoco Completes Acquisition of Eviosys

Sonoco Products Company announced the close of its acquisition of Eviosys, Europe’s leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP. The transaction advances Sonoco’s portfolio transformation strategy to simplify and realign its portfolio and position the Company for long-term growth and value creation. Sonoco announced its intent to acquire Eviosys on June 24, 2024. Following the integration process, Eviosys will transition to the Sonoco brand over the coming months and will operate under Sonoco’s Consumer Packaging segment.
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Metsä Group makes a commitment within the Circular Economy Green Deal

Metsä Group has committed to the Circular Economy Green Deal. In the voluntary national initiative led by the Finnish Ministry of the Environment and the Ministry of Employment and the Economy, actors set targets for 2035 and commit to actions that promote a low-carbon circular economy. We are committed to investing in research and development related to the further processing of our industrial side streams. Our goal is that three significant products or solutions based on Metsä Group’s side streams will be commercialized by 2035. The product or solution can be commercialized either by Metsä Group or by one of our partners, however, in such a way that Metsä Group has played a significant role in the development work. Commercialization in this context means annual sales of at least hundreds of tonnes or equivalent commercial agreements. Our second goal is to reduce our energy production based on the combustion of our side streams so that in 2035 our annual bioenergy production will be 1,000 gigawatt hours less than in 2025.
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PPWR – Important clarifications regarding re-use targets for plastic pallet wrappings

November 27th, the European Parliament approved the revised text of the Packaging and Packaging Waste Regulation (PPWR). It means that the legislative process for the new regulation is soon finalised. What remains is the approval by the Council and then publication in the EU Official Journal by the European Commission. Since the European Parliament in April approved the provisional agreement made with the Council, the text has been on a legal and linguistic revision. One important change in the revision concerns the general obligations for re-use of transport packaging in Article 29 paragraph 1. It has now been clarified that the requirement applies in total and not for each of the listed packaging formats. The obligation on economic operators using transport packaging, or sales packaging used for transportation is that at least 40% in total of the listed packaging types must be reusable within a re-use system from 1 January 2030,.
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Sylvamo to Pay Down Debt With $60 Million Released From Escrow

Sylvamo now has access to $60 million initially put in escrow for disputed goodwill tax deductions in Brazil which it intends to use to pay down debt. The company’s lenders agreed to eliminate the escrow after a Brazilian court ruled in its favor. The ruling—covering two-thirds of the amount disputed in several proceedings—is subject to appeal. Due to the potential liability of the goodwill tax deductions, lenders limited Sylvamo to $90 million in annual cash returns when it became an independent company in 2021. In September 2023, the company made a $60 million escrow deposit to remove the limit in its credit agreement, allowing it to return more than $90 million annually in cash to shareowners through share repurchases and dividends.
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Ahlstrom introduces fiber-based transparent tape backing, an innovative solution to reduce plastics

Ahlstrom, a global leader in fiber-based specialty materials, is proud to announce the launch of MasterTape® Cristal, a paper-based transparent tape backing to reduce plastic waste and promote a more sustainable future. Around 80% of the PSA (pressure-sensitive adhesive) packaging tape used in the world today is made of plastic. Ahlstrom is now introducing MasterTape® Cristal, a revolutionary transparent tape backing made entirely from renewable materials. It is ideal for a wide range of applications, from gift wrapping to packaging and office use, and it offers similar strength and transparency as traditional plastic tape, ensuring no compromise on quality. This innovative tape-backing solution is not only strong and versatile but also recyclable1 and suitable for compostability2, thus reducing plastic waste and environmental impact.
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Mondi and WWF South Africa extend partnership agreement for another three years

Mondi South Africa has announced a significant commitment of over €680,000 (R13 million) towards water stewardship, prolonging its partnership with WWF South Africa for another three years to 2027. This marks the fourth phase of the WWF-Mondi Partnership, which has been in place for over 30 years and is one of the longest-running corporate partnerships of WWF South Africa. The partnership has historically focused on wetland conservation and water stewardship in priority catchments, and it will continue to address the pressing need for water security in South Africa. Mondi South Africa aims to work within its operations to reduce its water footprint, and support water security initiatives beyond our operational boundaries. The partnership brings together multiple stakeholder groups such as government representatives, local communities, NGOs and other private sector organisations.
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U.S. Postal Service Releases 2024 Post-Election Analysis Report

The United States Postal Service released its 2024 Post-Election Analysis Report, outlining the agency's steps to process more than 99.22 million ballots in the 2024 general election. The full report can be read here: 2024 Post-Election Analysis Report. “In 2024, the Postal Service once again admirably performed our role of efficiently and effectively delivering the nation’s ballots,” said Postmaster General Louis DeJoy. “As we continue to transform the nation’s postal network to better meet the demands of the modern mailing and shipping customer, we stand ready to work with policymakers at all levels to make the nation’s effective vote by mail process even stronger.” The Postal Service’s success in 2024 was the result of a deepened focus on operational precision and integrated communications, the engagement of the USPS Election and Government Mail Services team and execution of longstanding, proven operational processes and procedures, including extraordinary measures.
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Deep Dive: When to use Store Drop-Off Recyclable Materials

As many brands have made commitments to using more sustainable packaging, a top priority tends to be shifting to recyclable or compostable packaging where possible. For brands who rely on flexible plastic films for their packaging, this can pose a challenge because of the lack of infrastructure in the U.S. to recycle these films through curbside programs. Given this challenge, companies are left with a few options to shift their packaging to: 1. Curbside-recyclable, fiber-based flexible packaging. 2. Compostable flexible packaging. 3. Rigid plastic packaging that is generally accepted for curbside recyclability. 4. Store drop-off, mono-material PE plastic. In other words, switching to an SDO-eligible film is just one option companies have when considering how to make their plastic film packaging more circular. So, when does it make the most sense to switch to each kind?
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Sun Chemical to Increase Prices for Its Global Pigments Portfolio

Sun Chemical will increase prices for parts of its pigment portfolio, effective January 1, 2025. Due to the rising costs of raw materials and production driven by inflation, along with ongoing efforts to comply with sustainability regulations, production expenses have significantly risen and necessitated the price increase. “While this price adjustment is essential to continue delivering innovative and reliable products in a challenging economic environment, Sun Chemical understands the impact of these changes on our customers,” said Brian Panczyk, President of Color Materials, Sun Chemical. “We will monitor these changing industry costs and work to limit further increases while continuing to maintain the highest quality and service standards for our customers.”
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Domtar’s Commitment to Certification

Domtar is a separate company from APP with its own management structure and governance. Domtar and APP will remain distinct entities, with no operational overlap and independent governance structures. The companies under the Domtar brand have long been among the most supportive champions of the Forest Stewardship Council (FSC). Domtar actively engages with FSC policies, procedures, and practices, consistently seeking opportunities to engage suppliers to source more FSC-certified fiber. Domtar is continuing that engagement directly with FSC International to analyze and understand the implications of the Policy for Association and the Remedy Framework in light of this development. Domtar’s historical commitment to sustainable forest management and responsible fiber sourcing – as previously affirmed by the FSC – and its distinct separation in governance from APP should be considered in regards to its certification. The company remains committed to maintaining and continuously improving the sustainability of its operations while fostering strong collaboration with Indigenous partners and local communities.
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Ahlstrom expands its capabilities within specialty materials for life sciences with the acquisition of ErtelAlsop

Ahlstrom has acquired ErtelAlsop, a New York based manufacturer of high-performance liquid depth filter media serving end-markets in the pharmaceutical, food & beverage, flavors and fragrances, and chemical industries. As a global leader in specialty materials within lab and life sciences applications, the acquisition strengthens Ahlstrom’s position in the life science filtration market and allows Ahlstrom to enter the depth filtration space. It also marks a key milestone on Ahlstrom’s growth transformation journey and its vision to be the sustainable specialty materials company. ErtelAlsop will become part of Ahlstrom's Filtration and Life Sciences business and will be key to the company’s lab and life sciences filtration growth strategy.
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New financial targets and an investment program in North America to be presented at Billerud’s Capital Markets Day

Billerud is hosting a Capital Markets Day in Stockholm, where the updated strategy will be presented. Ahead of this event, the Board of Directors has decided on new long-term financial targets and on strategic investments in North America. Billerud’s updated strategy, “Way Forward”, reflects the company’s ambition to continue to be a leader in high performance paper and packaging materials. It aims to evolve towards paperboard while remaining committed to graphic and specialty paper in Region North America, and to strengthen the performance in Region Europe. “Going forward we will prioritize profitability over growth and drive performance. We will leverage the growing demand for fiber-based packaging and Billerud’s attractive niche positions, strong manufacturing capabilities and flexible production system. Successful delivery on our plans will enable a strong and competitive Billerud. We target to achieve EBITDA of above SEK 6 billion through our strategic initiatives,” says Ivar Vatne, President and CEO of Billerud.
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Irving Paper Again Reduces Operations Temporarily

Irving Paper will once again shut down 50 per cent of its operations beginning Monday December 2nd in response to NB Power’s record high industrial electricity rates, and remain down for at least a week. “NB Power’s continued delays at the Point Lepreau generating station have resulted in electricity rates being over one hundred percent higher than historic levels,” said Mark Mosher, Vice President of Pulp & Paper, J.D. Irving, Limited. “No business can absorb price increases of that level without negative impacts. Irving Paper has shut down or reduced its operations over 30 days so far in 2024, with more expected.” Irving Paper manufactures 400,000 tonnes of paper annually, over 95 per cent of which is exported to 65 countries. Current electricity rates have a massive impact on Irving Paper’s ability to compete.
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UPM Raflatac announces further progress towards Ellen MacArthur Foundation’s New Plastics Economy Global Commitment

UPM Raflatac has made further progress towards a more circular economy for plastics and a future beyond fossils during 2023. The progress towards the 2025 commitments is detailed in the New Plastics Economy Global Commitment 2024 Progress Report by the Ellen MacArthur Foundation and the UN Environment Programme (UNEP). UPM Raflatac joined the Global Commitment as the first label materials company in October 2018. “As a global partner for sustainable material solutions, the Global Commitment is an important framework for us to transparently showcase our actions in tackling plastic waste and pollution. Through developing our product and service offer, our pledge is to help companies and brand-owners increase the circularity of their packaging,” says Robert Taylor, Sustainability Director, UPM Raflatac.
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PRC Provides Hearing Attendance and Viewing Information for Operational and Service Standard Changes Related to the Delivering for America Plan

The Postal Regulatory Commission will conduct a hearing at PRC offices on December 4, 2024, at 10 am regarding planned changes to the Postal Service’s processing and transportation networks. Docket No. N2024-1. The hearing will also be streamed for persons interested in remote viewing of the hearing. Information on attending the hearing and registration deadlines, is provided below and in the Commission’s filing at: https://prc.arkcase.com/api/prc-dockets/filing/downloadFile?fileId=226594&inline=true In-person attendance: 901 New York Avenue, Suite 200. Washington, DC 20236. Remote viewing: www.youtube.com/@thepostalregulatorycommiss9709. Reporters and media outlets should rsvp to Gail Adams at: gail.adams@prc.gov. Registration deadline: The deadline to register for attendance is December 2, 2024.
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Amcor and Kolon Industries partner to pioneer more sustainable polyester materials for packaging

Amcor has signed a strategic collaboration agreement with Kolon Industries Inc., a leading South Korean chemical materials manufacturer, to co-develop and commercialize more sustainable polyester materials for selected applications in Amcor's flexible packaging business. This partnership represents a step forward in advancing packaging sustainability, combining Amcor's expertise in innovative packaging with Kolon’s high-polymer manufacturing technology. The collaboration focuses on technological exploration of chemically recycled PET (crPET) and polyethylene furanoate (PEF) materials. Kolon is pioneering an advanced recycling process to produce new PET from post-consumer bottles, fibers and flexible packaging. Using crPET supports Amcor’s commitment to integrating 30% post-consumer recycled (PCR) materials by 2030.
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Trioworld achieves the highest sustainability rating from EcoVadis for the fourth consecutive year

Trioworld is a leading producer of innovative, high-performance plastic packaging solutions in Europe and North America. The Platinum rating places Trioworld in the top 1% of companies globally in business sustainability assessments. “I am again truly honoured by this fourth consecutive EcoVadis Platinum medal”, says Andreas Malmberg, CEO of Trioworld Group. “The EcoVadis Platinum medal helps us to provide our stakeholders with a deeper understanding of our ambitious ESG practices. This Platinum rating really highlights our dedicated work to achieve sustainable value chains in our industry on the journey towards a circular economy for plastics,” says Andreas Malmberg.
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New financial targets and an investment program in North America to be presented at Billerud’s Capital Markets Day

Billerud is hosting a Capital Markets Day in Stockholm, where the updated strategy will be presented. Ahead of this event, the Board of Directors has decided on new long-term financial targets and on strategic investments in North America. Billerud’s updated strategy, “Way Forward”, reflects the company’s ambition to continue to be a leader in high performance paper and packaging materials. It aims to evolve towards paperboard while remaining committed to graphic and specialty paper in Region North America, and to strengthen the performance in Region Europe.
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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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Gannett Announces Third Quarter 2024 Results

"We continued to make solid progress on our key priorities in the third quarter while delivering another quarter of year-overyear Adjusted EBITDA growth. Three out of four digital revenue categories experienced further trend improvement year-overyear, and as a result, total digital revenues surpassed 45% of total revenues, representing an all-time high. These results reinforce our belief that we have created a sustainable pathway for ongoing growth moving forward. We also significantly increased our free cash flow by 168% year-over-year. Additionally, within the quarter, we repaid approximately $29 million of debt, which combined with our Adjusted EBITDA growth, reduced our first lien net leverage to 1.76x. It is also important to note that some of our strategic decisions impacted total reported revenue in the third quarter, such as the intentional closure or divestiture of certain businesses in our portfolio. These actions were in-line with our long-term strategy and did not materially impact Adjusted EBITDA," said Michael Reed, Gannett Chairman and Chief Executive Officer. "In the third quarter, our audience surpassed 200 million average monthly unique visitors for the first time in our history, reflecting growth of over 7% compared to the prior year period. Furthermore, in the third quarter, we announced an additional partnership with BetMGM, which is expected to enhance the monetization of our content platform."
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HMH Launches Performance Suite: A Unified Solution for Curriculum, Assessment and Professional Development

Adaptive learning company HMH announced HMH Performance Suite–a first-of-its-kind teaching and learning solution that integrates assessment, Tier 1 curriculum and instruction to harmonize K-12 classroom teaching practices on a single platform. The launch of Performance Suite signals a major milestone in the integration of HMH’s high-quality instructional materials and NWEA’s leading assessments. Performance Suite provides robust day-to-day support for educators across the entire instructional cycle, encompassing planning, teaching, assessment, analysis and professional learning features within a streamlined, user-friendly interface. The current edtech ecosystem frequently calls upon educators to leverage multiple disparate solutions to accommodate their daily workflow. Performance Suite is built to bridge these gaps and facilitate meaningful and immediately actionable connections between assessment data and curriculum delivery.
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FSC blocks Chinese toilet paper company for making false claims

FSC has blocked Join Bums (Shandong Join Bums Eco Tissues Co. Ltd. - FSC-C159817/SCS-COC-007503), an FSC certificate holder from China, for making false claims regarding the bamboo toilet paper rolls it sold to its clients in the United Kingdom. Between May 2021 and March 2024, Join Bums sold large volumes of bamboo toilet paper rolls with FSC 100% claims. However, the company reported zero sales and purchases of FSC-certified material to its certification body since it was granted FSC certification in 2020. Join Bums also waived two surveillance audits in 2021 and 2023. Earlier this year, FSC was alerted to a possible integrity risk in its certified bamboo toilet paper supply chain. In March 2024, a British media outlet published an investigative article, alleging that bamboo toilet paper sold by FSC-certified companies contained very little bamboo fiber, despite claims of being 100% bamboo. Tests revealed that the toilet paper rolls contained high amounts of acacia and eucalyptus instead.
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Pactiv Evergreen Debuts SmartPour™ Pourable Containers and Two New Beverage Carton Filling Machines

Pactiv Evergreen Inc. introduces an innovative packaging solution with the launch of its patented* SmartPour™ package. Made in the USA, SmartPour packaging features an easy-to-pour and resealable closure, making it the ideal container for pourable, dry ingredients like premium cereals, crackers, snacks, baking ingredients, pet food, powders or formulas, and powdered laundry or dish detergents. SmartPour containers eliminate the need for a plastic bag insert, preventing messy, bag-in-box spillage, while the resealable closure and barrier technology keeps contents fresh. With a sturdy design that maintains its shape, SmartPour is perfect for consumer-packaged goods companies looking to enhance product visibility on shelves and preserve the packaging integrity of products ordered via home delivery services. SmartPour packaging is food safe and FDA compliant and comes in six sizes, a vertical and horizontal layout, and three heights, offering a customizable solution for a variety of packaging needs.
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Atlantic Contributes to the Largest Conservation Easement Project in South Carolina History

We are proudly supporting the largest conservation easement project in South Carolina history, dedicating over 62,000 acres of the Pee Dee Basin to permanent protection. The $50 million grant, administered by the U.S. Forest Legacy Program and supported by Atlantic Packaging, the Open Space Institute, the South Carolina Forestry Commission, the South Carolina Department of Natural Resources, and the South Carolina Office of Resilience, aims to balance sustainable forestry, recreation, and environmental resilience for generations to come. This historic project addresses the urgent need for conservation amid South Carolina’s rapid population growth. Protecting these vast lands, equivalent to three times the size of Hilton Head Island, ensures clean water, flood mitigation, wildlife habitat preservation, and a boost to South Carolina’s timber economy.
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International Paper Announces Review of Strategic Options for Global Cellulose Fibers Business and Closure of Georgetown, S.C. Pulp and Paper Mill

IP's GCF business creates safe, high-quality absorbent pulp for a wide range of applications like feminine care, incontinence and other personal care products that promote health and wellness. In addition, its specialty pulp serves as a sustainable raw material used in textiles, construction materials, paints, coatings and more. The GCF business generated $2.9B in revenue in 2023 and has operations in three countries, with eight mills and two converting facilities. "International Paper is committed to maximizing value for our shareholders, and to that end, we have launched a comprehensive and thorough review of strategic options for our global cellulose fibers business," said International Paper Chairman and CEO Andy Silvernail.
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Sylvamo, International Paper Terminate Georgetown Supply Agreement

Sylvamo and International Paper are mutually terminating a supply agreement for uncoated freesheet, bristols and specialty papers at the Georgetown, South Carolina, mill. The agreement will terminate Dec. 31, 2024. Sylvamo is successfully transitioning many paper grades from Georgetown to its Ticonderoga, New York, and Eastover, South Carolina, mills to continue supplying customers. International Paper has announced plans to discontinue operations at the Georgetown mill. “We have been preparing for this possibility since our 2021 spinoff from International Paper. We will support our customers through this transition and will retain the most profitable products from Georgetown, reducing economic downtime in our mill system and improving our mix,” said Jean-Michel Ribiéras, chairman and chief executive officer. “Looking ahead, we are confident in our future and 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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Stora Enso launches Beyond Board services to support customers on packaging sustainability 

Beyond Board is a set of services designed to address the evolving needs of Stora Enso’s customers in the packaging industry. The portfolio focuses on sustainability services, and spans from trainings and regulatory support to circularity assessment and LCA services. The sustainability training aims to build a foundation of sustainability knowledge throughout organisations, including sales, sourcing and product management. While these teams are experts in their products, they can benefit significantly from guidance on topics like forestry and fibers, circularity, recyclability and impact on the climate. As sustainability becomes increasingly vital in decision-making, this training provides valuable knowledge for our customers.
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Walsworth Brings Stephanie Maday Aboard as New Executive VP of Commercial Sales

Walsworth announced it has hired sales executive Stephanie Maday as the company’s new Executive Vice President of Commercial Sales and Board Member. Maday will be replacing Walsworth’s current Executive VP of Commercial Sales, David Grisa, who is retiring from the company in November. Maday will be based out of Walsworth’s Sales and Marketing office in Overland Park, Kansas. Maday comes to Walsworth with nearly 25 years of sales and management experience, more than 20 of it at Taylor Corporation in the Minneapolis/St. Paul area working for client 3M Promotional Markets. She started as a sales representative and rose through the ranks to become National Sales Manager. During her tenure at 3M, Maday gained print product sales experience with large and small roll-fed presses, silk screening, flexo presses and digital presses.
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Ahlstrom joins the World Business Council for Sustainable Development

Ahlstrom, a global leader in fiber-based specialty materials, has joined the World Business Council for Sustainable Development (WBCSD), a global organization committed to accelerating the transition to a sustainable world. By becoming a member of WBCSD, Ahlstrom will collaborate with some of the world’s most forward-thinking companies to further the global sustainability agenda. Together, Ahlstrom and WBCSD aim to tackle urgent environmental issues, including climate change, the need for clean air and water, decarbonization, biodiversity loss, and plastic pollution. “At Ahlstrom, we are committed to being part of the solution to global sustainability challenges. We believe that sustainability is a complex journey that requires collaboration to drive meaningful change. Our purpose, ‘Purify and Protect with Every Fiber for a Sustainable World,’ guides our efforts to innovate fiber-based solutions that are safe and sustainable by design,” says Helen Mets, President & CEO of Ahlstrom.
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UPM Raflatac launches OptiCut™ WashOff linerless label to promote plastic packaging reuse

UPM Raflatac, a global supplier of sustainable labeling solutions, is expanding its direct thermal (DT) linerless label offering with the launch of its new OptiCut™ WashOff solution. The new linerless label is specifically designed for returnable and reusable plastic food containers, including PP, HDPE and PET crates used in food logistics. Available to customers now, the label launch meets the need for innovative plastic packaging solutions, driven by evolving regulations and consumer demand. The OptiCut WashOff label, which is compatible with most direct thermal printers and weighing scales, offers excellent washability and easy, adhesive residue-free separation for both industrial processes and home washing machines.
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UPS Releases 3Q 2024 Earnings

UPS announced third-quarter 2024 consolidated revenues of $22.2 billion, a 5.6% increase from the third quarter of 2023. Consolidated operating profit was $2.0 billion, up 47.8% compared to the third quarter of 2023, and up 22.8% on a non-GAAP adjusted basis. Diluted earnings per share were $1.80 for the quarter; non-GAAP adjusted diluted earnings per share were $1.76, 12.1% above the same period in 2023. For the third quarter of 2024, GAAP results include an after-tax net benefit of $36 million, or $0.04 per diluted share, comprised of a $152 million gain resulting from the divestiture of the Coyote Logistics business net of transformation strategy costs of $116 million.
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AAP August 2024 StatShot Report: Overall Publishing Industry Up 8.5% for Month of August, and Up 7.8% Year-To-Date

Total revenues across all categories for August 2024 were up 8.5% as compared to August 2023, coming in at $1.7 billion. Year-to-date revenues were up 7.8%, at $9.3 billion for the first eight months of the year. Trade (Consumer Books) revenues were up 13.4% in August, coming in at $848.2 million. In terms of physical paper format revenues during the month of August, in the Trade (Consumer Books) category, Hardback revenues were up 17.1%, coming in at $297.4 million; Paperbacks were up 6.7%, with $302.0 million in revenue; Mass Market was down 35.8% to $8.6 million; and Special Bindings were up 3.6%, with $21.5 million in revenue. eBook revenues were up 6.1% for the month as compared to August 2023 for a total of $90.4 million, and the Digital Audio format was up 38.8% for August, coming in at $93.9 million in revenue. Physical Audio was down 54.8% coming in at $600 thousand.
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Savvas Learning Company’s enVision Mathematics © 2024 Earns Highest Rating from EdReports

Savvas Learning Company, a next-generation K-12 learning solutions leader, is excited to announce that enVision Mathematics© 2024, the newest edition of its proven-effective math series for grades K-12, has received the highest rating of “All-Green” from EdReports. The classroom-tested, teacher-loved enVision K-12 math series provides evidence-based, standards-aligned content, combined with personalized adaptive learning, to support all students in developing deep conceptual math understanding, procedural skills, and fluency. The new edition offers expanded digital resources and even more high-interest, student-centered activities that engage learners in real-world, meaningful math. Also included are a variety of new instructional support tools to save teachers time while providing them flexibility for lesson planning. Offering vertical alignment from kindergarten through grade 12, the curriculum is designed to provide continuity from year-to-year — something that school districts like Johnston County Public Schools in North Carolina value.
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COP 16: Over 25% of all production forests globally are PEFC certified, demonstrating sustainable management

How to incentivise smallholders for sustainable commodity production in a world of increasingly complex supply chains was part of discussion at the “Next-Gen Forest Solution – Financing A Systemic Solution for Forest and Biodiversity Conservation” side event at COP 16 in Cali, Columbia. “In the end, it is producers whom we want to produce commodities sustainably, and many of them are smallholders,” highlighted Thorsten Arndt, Head of Advocacy at PEFC International, during the panel discussion. “It has been important that brand owners and retailers have specified PEFC in their procurement policies, as this has led to widespread adaption of certification, yet it has also placed a financial strain on producers who must absorb the costs of compliance.”
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Graphic Packaging Holding Company Reports Third Quarter 2024 Financial Results

Net Income was $165 million, or $0.55 per share, based upon 302.6 million weighted average diluted shares. This compares to third quarter 2023 Net Income of $170 million, or $0.55 per share, based upon 309.2 million weighted average diluted shares. The third quarter of 2024 was impacted by a net charge from special items and amortization of purchased intangibles of $29 million and the third quarter of 2023 was impacted by a net charge from special items and amortization of purchased intangibles of $59 million. Michael Doss, the Company's President and CEO said, "In the third quarter, we saw our packaging volumes turn positive, after Europe's return to growth in the second quarter. Third quarter also saw the launch of new paperboard cup and container innovations for major Foodservice customers and the first-ever round BoardioTM paperboard canister for a leading collagen-protein brand. Our innovations are delivering real value for our customers and for consumers. Despite volume challenges brought on first by customer and retailer destocking and later by the pressure consumers are feeling from price inflation, we are delivering margin strength and consistency in line with the best global consumer packaging companies. That speaks to the value of the portfolio we have created, the success of our sustainable packaging innovations, and our team's commitment to outstanding execution. As volumes continue to improve and our Waco investment moves toward completion, cash generation will rise significantly, and we will deploy that cash to create substantial additional value for shareholders."
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Aptar Reports Third Quarter 2024 Results

AptarGroup, Inc. reported strong third quarter results due to solid operational performance and margin improvement across the company. Results were driven by growth in proprietary drug delivery systems, as well as increased demand for closure technologies. Reported sales and core sales increased by 2%, as currency and acquisition effects did not impact the quarter. Aptar reported net income of $100 million for the quarter, a 19% increase from the prior year. “Aptar delivered another strong quarter driven by our Pharma and Closures segments. We saw increased demand for our proprietary drug delivery systems, active material science solutions and closure technologies, especially for food applications. The Beauty segment saw growth in the personal care and home care markets, but it was not enough to offset tough comparisons from tooling and fragrance dispensing solutions from the prior year period. All three segments continued to demonstrate solid operational performance and margin improvement. We are proud of the strong results and progress we have made for the first nine months of the year and are positioned to achieve double-digit adjusted EPS growth for the full year,” said Stephan B. Tanda, Aptar President and CEO.
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TC Transcontinental Sells its Industrial Packaging Operations to Hood Packaging Corporation

TC Transcontinental announces the sale of its industrial packaging operations to Hood Packaging Corporation for a price of US$95 million (about C$132 million1) subject to working capital adjustments. These operations generated approximately US$50 million (about C$68 million2) in revenues during the last twelve months ended July 28, 2024. The Corporation anticipates using the net proceeds to continue reducing net debt in line with its business priorities. This will increase its flexibility in capital allocation, including targeted acquisitions in growth segments. “Industrial packaging is a solid business. However, after operating it for several years, we concluded that it offers few synergies with the rest of our portfolio, and is not core to our Packaging Sector’s growth strategy,” said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. “We are pleased for our employees that Hood Packaging, a family-controlled company like TC Transcontinental whose industrial packaging business is core to their activities, is the buyer.” Hood Packaging is acquiring TC Transcontinental’s Thomasville, North Carolina, packaging operations and building, and 138 employees are being transferred. Hood Packaging is also acquiring the industrial packaging business of TC Transcontinental’s Ontario, California plant, which represents approximately 15% of this plant’s revenues. Roop Nangia, Senior Vice President, Consumer & Beverage, TC Transcontinental Packaging, added: “We sincerely thank all of our talented employees for their contribution, commitment and performance.”
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Huhtamäki Oyj’s Interim Report January 1-September 30, 2024

Charles Héaulmé, President and CEO: Market conditions started to improve during the third quarter. While the situation improved compared to the first half of the year, the pace was moderate with differences between categories and geographies. Demand for pre-packed on-the-shelf food increased, particularly in egg packaging and in a volatile market, demand for flexible packaging continued to improve. Food-on-the-go volumes remained subdued, with consumers still feeling the impact of inflation and elevated market prices. The foodservice market has progressed more positively in North America than in other regions. The on-going war in the Middle East continued to affect global brands in some markets in the Middle East and Asia. Our comparable net sales remained at the previous year’s level in the third quarter and decreased by 1% during the first nine months of the year. During the third quarter, sales volumes increased while pricing pressure continued. Adjusted EBIT increased by 2% in the third quarter and 8% during the first nine months of the year with an improved adjusted EBIT margin reaching 10%. The profitability development was supported by our actions to improve efficiency. Free cash flow remained strong, reaching EUR 160 million at the end of the third quarter. While continuing to focus on future growth, the investments level was contained, enabling further reduction of net debt and resulting in a net debt to adjusted EBITDA ratio of 2.0. During the quarter, North America continued to deliver profitable growth, maintaining a strong adjusted EBIT margin. Flexible Packaging profitability continued to improve. Foodservice E-A-O margins were negatively impacted by low demand. Fiber Packaging profitability was weighed on by a lag in pricing, as raw material costs increased.
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IPG Launches iTRACK Data Collection System for Case Sealing Machines

IPG® (Intertape Polymer Group®), a global manufacturer of packaging and protective solutions across a diversified set of geographies and end-markets, will be exhibiting at Pack Expo International held at McCormick Place in Chicago from November 3-6, 2024. This year, the booth highlights ‘The IPG Advantage’ across packaging automation, consumables, and service programs. “IPG provides valuable solutions that enhance throughput, simplify processes, and minimize downtime—all from a single source,” says Jason Fisher, Vice President of Corporate Marketing at IPG. IPG proudly presents a comprehensive range of packaging automation solutions, including case sealers, case packers and erectors, A.I. vision systems, palletizers, tray packers, robotics, void fill systems, mailer systems, and more. These data-driven automated solutions are designed to reduce labor and increase efficiency.
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Metsä Board’s comparable operating result in 2024 January–September was EUR 73 million

Metsä Board’s CEO Mika Joukio: ”In 2024, demand for fresh fibre paperboards has clearly improved from last year’s record-low level, although demand growth has been somewhat slower than expected. At the beginning of the year, demand was boosted by restocking in the value chain, which levelled out towards the end of the first half. In July–September, the demand and price situation for paperboards was similar to the previous quarter. Due to higher living costs, consumers’ purchasing behaviour remained relatively cautious, and consumption is more focused on services than on products. Metsä Board’s first half was overshadowed by the political strikes in Finland and the gas explosion at Metsä Fibre’s Kemi bioproduct mill. These caused us large production and sales losses and significant additional costs. We expect the negative impact on the operating result to total EUR 65 million, including the impact of Metsä Fibre’s share of the result. The July–September result includes EUR 23 million in insurance compensation related to the gas explosion in Kemi. Negotiations with the insurance consortium are still ongoing.
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