Lecta to attend Fachpack 2024 and boost its presence in the European packaging market

Lecta is set to reinforce its position as a comprehensive supplier of paper solutions by taking a stand for the first time at Fachpack, a leading trade fair for the packaging industry that takes place this year from September 24 to 26 in Nuremberg, Germany. The company will showcase its wide range of innovative products for different sectors like industrial and consumer packaging. Lecta offers an extensive portfolio of papers with multiple applications in the packaging market: *Diva Art: The range of coated and metallized paperboards for rigid packaging, with excellent printability and an exceptional finish, ideal for premium and luxury brands. *EraCup: A functional paperboard whose characteristics make it the ideal choice for hot beverage single-use cups and on-the-go disposable food containers. The product is recyclable in standard paper recycling circuits. *Coral (uncoated), Creaset (one-side coated) and KraFit (brown kraft paper): Three versatile ranges of papers for shopping bags, available in a wide variety of grammages and finishes, offering high resistance and durability. *Adestor: Self-adhesive papers and films to meet the labeling needs of different sectors: beverages, food, logistics and transport, retail, personal care and household.
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Find the Perfect Box for Every Need at SupplyLand

Dive into our Stack-Pack-Save Box Event: With over 1,000 sizes available, we’ve got just the box you need—always in stock and ready to ship. Whether you’re looking for Corrugated Kraft Boxes, Tall & Long Boxes, Heavy Duty Boxes, or Multi-Depth Boxes, we cover all your needs. Also explore our White Corrugated Boxes, Literature Mailers, Tab Locking Mailers, and Easy-Fold Mailers. It’s the perfect match for all your shipping needs. Why settle for ordinary when you can work with the team that adores supplies? Exclusive Perks: Spend $150 or more and enjoy savings on shipping plus unique free gifts—it’s not just shopping, it’s adding value to every purchase. More Than Supplies: At SupplyLand, we transform supply procurement into an exhilarating experience. But don't just take our word for it. Try us today and enjoy incredible discounts on every purchase, no matter the quantity.
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Postmaster General and CEO Louis DeJoy’s Remarks During the Aug. 8, 2024, Postal Service Board of Governors Meeting

During this quarter we continued our aggressive efforts to stabilize service, implement necessary network initiatives, reduce costs, grow volume and revenue, and lead change both internally and externally. We addressed local pockets of deficient performance and made improvements. We expect these improvements to continue in the coming weeks. Despite significant weather events, service performance for market-dominant and competitive products improved when compared to last quarter — with 60 percent of market-dominant volume delivered early and 95 percent of volume delivered within a day of its service standard. And I’m happy to say, on average, our customers still receive their mail and packages in less than three days. These improvements are attributed to our focused persistence and cross-functional engagement, in areas where performance does not meet our high expectations.
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Four Maine Newspapers Are Combined Into One (mediapost.com)

Four Maine newspapers--The Free Press, The Courier-Gazette, Camden Herald and The Republican—are being consolidated into a single title called the The Midcoast Villager. The combined product will be published by Reade Brower, with Kathleen Fleury Capetta serving as co-publisher. “This change is not a cost-saving move; in fact, it is an investment in creating a more robust, impactful product for our region — because we truly believe the health and well-being of our communities is at stake,” Fleury Capetta writes.
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Case Study: Customer Achieves Brand Alignment Through Curbside Recyclable Mailing Solution

Retail giant, Amazon, recently delivered a welcome break from the political news media to report on their shift to paper packaging across a significant part of their North American operations. As detailed in a press release on June 20th, 2024, Amazon reported a transition of 95% of their box “filler” from plastic air pillows to a paper void fill solution. This multi-year transition has been enabled by significant investments in their fulfillment operations, the package design engineering teams and sourcing teams. Amazon's leadership in sustainable packaging sets an example for the industry, demonstrating how aligning packaging choices with broader business objectives and sustainability goals can lead to innovative solutions and operational efficiencies. At Pregis, we’re pleased to be an innovation partner with Amazon to support their mission to “Ensure that customers receive their items undamaged, while using as little packaging as possible to avoid waste and prioritizing recyclable materials.” We share in Amazon’s focus on protecting against damage, optimizing packaging material use and designing for circularity (in layman’s terms that means enabling recyclability at end of the products life, so it does not become landfill waste).
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Sun Chemical to Introduce Breakthrough Solutions for the Corrugated Market at SuperCorrExpo® 2024

“Sun Chemical’s solutions for corrugated printing are designed to help drive successful recovery and continued growth of the corrugated packaging market,” said Jeremy Teachman, Product Manager–Paper Packaging and Corrugated, Sun Chemical. “Our full line of transformative, sustainable products, coupled with our digital color management tools available across North America, position Sun Chemical as the supplier of choice to help packaging converters achieve their goals.” Water-based Inks and Coatings *Designed to support high value packaging by performing at the cutting edge of the market, Sun Chemical’s SunVisto® Advantage® family of water-based flexographic inks... *Sun Chemical offers coating products to meet any demand in the market... *Sun Chemical’s SunVisto™ Anilox Cleaning Program includes a range of solutions... *SunJet, the preferred ink partner for transformational digital printing...
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Are Toilet Paper and Paper Towels Sustainable? (afandpa.org)

Toilet paper and paper towels are common staples in the home. Millions of people across the U.S. rely on paper products. Our industry prioritizes sustainable manufacturing and practices. Below we answer common questions about toilet paper and paper towels. Dive in and explore why they are a responsible choice. How are Toilet Paper and Paper Towels Made in the U.S.? The U.S. tissue industry uses 2 primary inputs to make toilet paper and paper towels.
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Strategies for Managing Higher Postal Rates with Effective Marketing

Rising postal rates pose a significant challenge for industries that rely heavily on direct mail. However, increased costs don’t have to spell the end of your direct mail strategy. With a few strategic adjustments and considerations, brands can offset these higher rates while continuing to achieve their marketing goals. Here are some strategies to consider: 1. Optimize Mail Specifications - Postal rates often vary based on the size, weight, and format of your mail. By designing your mail pieces to fit cost-effective dimensions, you can reduce postage expenses. 2. Purchase Paper Directly from Midland - Paper costs can make up a significant portion of your direct mail budget. One effective way to manage these costs is by purchasing paper directly from Midland. 3. Utilize Postal Discounts and Programs - Take advantage of postal discounts and incentive programs offered by postal services. For example, USPS often has promotions that can help reduce costs. 4. Test and Analyze Campaigns - Regularly test various aspects of your direct mail campaigns—such as design, copy, offers, and targeting criteria. Use the results from these tests to refine and optimize future campaigns. 5. Invest in High-Quality Creative - Eye-catching, high-quality designs can significantly boost response rates. Unlike website or email designs, direct mail benefits from professional, compelling visuals and copy.
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U.S. Postal Service Reports Third Quarter Fiscal Year 2024 Results

*Operating revenue increase of $191 million to $18.8 billion, extending the growth trend to four consecutive quarters *Transportation expense reductions of $236 million reflect continued progress under the Delivering for America plan *Shipping and Package growth continues to benefit from USPS Ground Advantage. The U.S. Postal Service today announced its financial results for the third quarter of fiscal year 2024 (Apr. 1, 2024 - Jun. 30, 2024). The net loss for the quarter under generally accepted accounting principles (GAAP) totaled $2.5 billion, compared to a net loss of $1.7 billion for the same quarter last year.
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The New York Times Company Reports Second-Quarter 2024 Results

Meredith Kopit Levien, president and chief executive officer, The New York Times Company, said, “It was a strong second quarter for The Times – one in which we made further progress on the path to grow our subscriber base and become the essential subscription for every curious person seeking to understand and engage with the world. The combination of our world-class news destination plus market-leading lifestyle products means we have complementary offerings in big spaces, each with multiple growth levers fueling multiple revenue streams. Together we believe these make The Times resilient in a changing media landscape and well positioned for continued value creation.”
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News Corp Reports Fourth Quarter and Full Year Results for Fiscal 2024

Commenting on the results, Chief Executive Robert Thomson said: “Fiscal 2024 was an outstanding year for News Corp, as we not only delivered robust earnings growth and created substantial shareholder value, but took a significant step to prepare the Company to prosper in the AI age. Our landmark agreement with OpenAI is not only expected to be lucrative, but will enable us to work closely with a trusted, pre-eminent partner to fashion a future for professional journalism and for provenance. Meanwhile, we have begun to take legal steps against AI aggressors, the egregious aggregators, who are predatory in the confiscation of our content. ‘Open source’ can never be a justification for ‘open slather.’
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Graphic Packaging International and Zelestra Sign Agreement to Add Renewable Electricity to the European Grid

Graphic Packaging International (“Graphic Packaging” or the “Company”), a global leader in sustainable consumer packaging, today announced it has entered into a virtual Power Purchase Agreement (“vPPA”) in Europe with Zelestra, a client-focused, multi-technology, global renewable energy company.The vPPA supports Zelestra in adding renewable electricity to the European power grid and advances Graphic Packaging’s commitment to reduce its greenhouse gas (“GHG”) emissions by receiving renewable energy attribute certificates[1] generated by the project. The renewable electricity generated by two of Zelestra’s solar projects to be built in Spain – José Cabrera and Socovos II – will have a combined total capacity of 83 megawatts (MWdc). Graphic Packaging expects to receive renewable energy attribute certificates1 corresponding to approximately 86 percent of the solar projects’ output. The agreement is a strategic component in achieving Graphic Packaging’s science-based target to reduce Scope 1 and 2 GHG emissions by 50.4 percent by 20322. It will increase the Company’s purchased renewable electricity in Europe to approximately 70 percent.
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Sealed Air Reports Q2 2024 Results

Second Quarter 2024 Financial Highlights: Net sales of $1.35 billion decreased 3% as reported, with EMEA decreasing 5%, APAC decreasing 3% and the Americas decreasing 2%. Net sales decreased $24 million, or 2%, on a constant dollar basis. Price had an unfavorable impact of $41 million, or 3%. Volumes increased by $18 million, or 1%. Net earnings were $98 million, or $0.67 per diluted share, as compared to net earnings of $94 million, or $0.65 per diluted share in the prior year.
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Tredegar Reports Second Quarter 2024 Results

Second quarter 2024 net income (loss) was $8.8 million ($0.26 per diluted share) compared to $(18.9) million ($(0.56) per diluted share) in the second quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $10.3 million ($0.30 per diluted share) in the second quarter of 2024 compared with $(2.0) million ($(0.06) per diluted share) in the second quarter of 2023. John Steitz, Tredegar’s president and chief executive officer, said, “For the second quarter in a row we recognized a meaningful profit from ongoing operations after suffering a period of losses that began with the second quarter of last year. In addition, results in the most recent quarter improved sequentially.” Mr. Steitz further stated, “We continue to view the bottom of the recent severe down cycle at Bonnell Aluminum as occurring in the third quarter of 2023, which we believe was a residual impact of the pandemic starting in the second half of 2022. Net new orders and sales volume have increased since the apparent bottom. Through the second quarter of 2024, we have yet to see a significant improvement in our orders from the favorable preliminary determinations of duties on imports that were made in March and May by U.S. authorities. However, data available on U.S. import trends of aluminum extrusions appear to indicate the onset of a purchasing shift back to U.S. producers.”
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International Paper Strengthens Commitment to Nature with $15.3 Million Investment in Conservation Partnerships

International Paper (IP) reaffirms its dedication to conserving forest ecosystems, nature and biodiversity with a $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation (AFF), National Fish and Wildlife Foundation (NFWF), The Nature Conservancy (TNC) and World Wildlife Fund (WWF). These collaborations are pivotal to IP's business strategy and Vision 2030 goal to conserve and restore 1 million acres of ecologically significant forestland. "International Paper's success depends on the sustainability of forests – and so does the future of our planet," said Sophie Beckham, vice president and chief sustainability officer, International Paper. "Renewing these strategic partnerships underscores our commitment to positively impact nature while delivering low-carbon, sustainable, fiber-based products to our customers."
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IPG Demonstrates Leadership in Sustainable Packaging in 2023 Annual Sustainability Report

IPG has issued its 2023 sustainability report, highlighting the company’s achievements and strengthening its future commitments to create a positive impact. The report, titled 'Safe, Circular and Responsible,' features IPG's continuing focus on responsible manufacturing, environmental stewardship, and the well-being of its workforce by providing a detailed account of IPG’s sustainability efforts and opportunities for improvement. "IPG is a leading provider of packaging and protective solutions, and an invaluable partner to its customers in diverse end-markets. Sustainability is central to our strategy and is a key pillar in the design of our products, conduct of our operations, and the safety and engagement of our teammates," said Pete Durette, CEO of IPG. "While not easy, our efforts to provide increasingly sustainable products to our customers are both reducing our environmental impact and improving our social impacts, and we look forward to continuing our progress on these commitments in 2024. Our employees, suppliers and customers are vital partners in our efforts, and we thank them for their continued support and partnership."
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EFI Announces New Wide Format Pro+ Series Printers and High-performance ProGraphics+ Series Inks

Electronics For Imaging, Inc. announced the availability of two more next-generation printers in its Wide Format Pro Series portfolio. Designed to help sign and display graphics producers be more competitive and grow their business, the EFI™ Pro 16h+ hybrid LED printer and the EFI Pro 30f+ flatbed LED printer deliver high-quality imaging at production speeds and even more printing capabilities – all with a low total cost of ownership (TCO). The 65-inch EFI Pro 16h+ hybrid flatbed/roll-fed LED printer offers outstanding image quality with resolutions up to 1200 dpi and true variable drop grayscale printing with a 5pL drop size, and production-level printing up to 50% faster than the Pro 16h printer. Production quality printing, new front and back media pressure rollers for handling a wider range of media, semi-continuous board feeding, an advanced, four chamber media-platen vacuum system with independent power controls for efficient media hold down and easy transition between jobs, and an embedded Fiery® proServer Core digital front end with FAST RIP acceleration technology make it ideal for higher-demand, faster job turn environments.
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Country Pines Invests in Efficiency Boosting HEIDELBERG Prepress Automation (piworld.com)

Country Pines, a family-owned full-service commercial printing company in Shoals, Indiana, recently installed a new Suprasetter 106 CtP from HEIDELBERG. The new Suprasetter, equipped with automated inline plate bending and Auto Pallet Loader, coupled with Prinect Production Manager, has helped increase the company’s productivity and improve throughput. Rather than follow market trends, Country Pines is a company that continues to evolve based on the needs of its customers. According to Chad Haycox, President of Country Pines, “Our philosophy has always been: how do we best serve our customers and how do we deliver in a way that they continue coming back?” The company, who specializes in book production for schools, churches, religious organizations, and other businesses, was previously outsourcing its 40” offset work to a partner company. Needing to keep up with customer demand, Country Pines decided to bring all production in-house by increasing plant size and adding a Speedmaster SX 102 from HEIDELBERG.
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Supremex Announces Results for the Second Quarter of 2024

Second Quarter Financial Highlights and Recent Events • Total revenue of $69.3 million, down 3.3% from $71.7 million in the second quarter of 2023. • Envelope segment revenue of $49.5 million, up 0.4% from $49.2 million in the prior year. • Packaging and specialty products segment revenue of $19.9 million, down 11.4% from $22.4 million last year. • Net earnings were $2.0 million, compared to $2.1 million last year.
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Sylvamo Quarterly Results Exceed Outlook

Financial Highlights – Second Quarter vs. First Quarter *Net income of $83 million ($1.98 per diluted share) vs. $43 million ($1.02 per diluted share) *Cash provided by operating activities of $115 million vs. $27 million. Management Summary from Chairman and Chief Executive Officer Jean-Michel Ribiéras: "In the second quarter, price and mix were favorable and input costs largely remained stable compared to last quarter. Uncoated freesheet conditions improved in the first half of the year, with year-over-year demand up in Europe and North America and down slightly in Latin America. After successfully completing our heaviest planned maintenance outage quarter of 2024, we have more than 70% of our annual planned maintenance outages behind us."
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Clearwater Paper Reports Second Quarter 2024 Results

Second Quarter Highlights: *Continued strong demand in tissue, improved demand in paperboard *Completed acquisition of Augusta paperboard manufacturing facility *Net sales of $586 million, up 12% from the second quarter of last year, primarily driven by incremental sales volume from Augusta *Net loss of $26 million, or $1.55 per diluted share compared to $30 million income, or $1.75 per diluted share in the second quarter of last year
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Mativ Announces Second Quarter 2024 Results

Mativ Second Quarter 2024 Highlights *Sales of $523.8 million increased 4.7% sequentially versus Q1 2024 reflecting volume improvement, and decreased 0.5% versus the prior year *GAAP loss was $1.4 million, GAAP EPS was $(0.03), which included organizational realignment, impairment, divestiture and purchase accounting expenses. Chief Executive Officer Julie Schertell commented, "We are pleased to report that our second quarter results reflect strong adjusted EBITDA and margin growth, both on a year-over-year basis, as well as sequentially. This was driven by strong relative net selling price vs. input cost performance, increased volume and improved operating performance. We are confident in our ability to deliver strong adjusted EBITDA improvement on a year-over-year basis for the remaining quarters of 2024.”
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Suzano Reports Second Quarter 2024 Results

The pulp market registered another favorable performance during the second quarter of 2024, which reflected in another round of price increase implementations and in sales growth, despite a challenging scenario that emerged in China. The quarter was also marked by the appreciation of the average USD against the average BRL during the period, contributing to an increase in net revenue. Additionally, operational performance remained in line with the plan, with cash cost of production (excluding the effect of scheduled maintenance downtimes) marginally higher than in the previous quarter. This combination of factors resulted in a significant increase in adjusted EBITDA from pulp compared to both 1Q24 (+42%) and the same period of the previous year (+74%). At the paper business unit, sales volume increased chiefly due to seasonality, while prices remained practically stable (+1%). As such, consolidated adjusted EBITDA in the quarter totaled R$6.3 billion, while operating cash flow reached R$4.5 billion.
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Sappi announces results for the third financial quarter 2024

Operating performance for the third quarter was substantially above last year with the group delivering EBITDA(2) excluding special items of US$151 million. Despite the third quarter being seasonally the weakest for our business and a sluggish global economy, the underlying profitability, excluding a US$30 million impact of the scheduled maintenance shuts at Saiccor and Somerset Mills, remained steady quarter-on-quarter. The performance was driven by sustained strong market conditions in the pulp segment, offset somewhat by a muted recovery in paper markets. Included in EBITDA was a positive plantation fair value price adjustment of US$3 million.
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McClatchy To Merge With A360Media (mediapost.com)

Newspaper company McClatchy is merging with a360media, a magazine firm, creating a giant that will reach 100 million unique readers per year. The firms, both of which are owned by hedge fund Chatham Asset Management, are profitable, but the merger could triple overall revenue and profits, says Tony Hunter, chairman and CEO of McClatchy, who will hold the same titles at the new entity. “At the highest level, this creates value that, separately, both of us cannot do,” Hunter says. “If we don’t come together, the value of the individual companies is limited in the near-term.”
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Sun Chemical to Highlight Leading Printing Solutions at PRINTING United Expo 2024

Embracing the theme ‘Experience. Transformation,’ Sun Chemical will present pioneering digital solutions designed to elevate business innovation across the industry. Visitors of booth #C3031 can explore the multitude of Sun Chemical’s products and services designed to transform printing capabilities, including offerings for direct-to-film, wide and super wide format, digital printing and more. “We are thrilled to showcase our solutions at this year’s PRINTING United Expo,” said Christine Medordi, Sales Manager – North America, Sun Chemical. “A premier exhibition for North America’s printing industry, this show gives us an opportunity to display how our printing technologies meet current market demands and offers us a chance to engage with both new and existing customers. We look forward to demonstrating how our products can drive transformative outcomes for their businesses.”
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UPM Raflatac Appoints Brinder Gill to Senior Vice President of Americas Region

UPM Raflatac is excited to announce the appointment of Brinder Gill as the new Senior Vice President (SVP) of the Americas Region, effective August 1, 2024. Currently serving as Director of the Paper Laminates Business Unit for the same region, Gill brings extensive knowledge, experience and enthusiasm to this leadership position. Gill's tenure with UPM Raflatac has been marked by outstanding contributions in various roles, demonstrating his commitment to excellence and commercial success. As the former East Area Sales Director for the Americas, he has a proven track record of driving growth and efficiency. Prior to UPM Raflatac, Gill was the Senior Manager of Global Beauty Category Marketing at Silgan Dispensing Systems. He is highly regarded in the industry for his diverse skill set and strategic acumen.
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Kohl’s Donates More Than $2.5 Million to Seven Milwaukee Nonprofits

Kohl’s announced more than $2.5 million in commitments to Milwaukee-area nonprofits through partnership renewals with Acts Housing, Boys & Girls Clubs of Greater Milwaukee, Greater Milwaukee Urban League, Milwaukee Art Museum, Ronald McDonald House Charities Eastern Wisconsin, Safe & Sound, and Zoological Society of Milwaukee. This support furthers Kohl’s commitment to helping improve the health and wellness of families in its hometown. “It’s an honor for Kohl’s to call the Milwaukee area home, and we are proud to do our part in making our communities stronger by providing support to nonprofits helping to improve the lives of local families,” said Tara Geiter, Kohl’s director of community relations. “These organizations do incredible work and we’re looking forward to continuing to make a positive impact together.”
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Two Sides, Domtar Advocate Against Greenwashing

As people across the globe become more aware of environmental issues, the desire for green products and services is growing. But with all the environmentally friendly claims made around products these days, how can consumers know which claims are accurate and which fall into the category of greenwashing? According to the Ecolabel Index, there are currently 456 ecolabels in the marketplace, each claiming some sort of sustainability-related benefit associated with a product or service. Consumers are enticed by claims that products are eco-friendly, organic, natural and green, and the number of products purporting these claims is increasing. With eco credentials proliferating and corporations looking to capitalize on sustainability, the practice of greenwashing — making exaggerated, unsubstantiated or outright false claims to convince consumers a product is environmentally friendly — is becoming more common.
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Tronox Reports Second Quarter 2024 Financial Results

Chief Executive Officer John D. Romano commented, “Tronox’s second quarter performance was consistent with our previous guidance and demonstrated the continued recovery across both TiO2 and zircon. Our TiO2 volumes increased 8% compared to the first quarter, or 16% compared to the prior year quarter, as we continued to see demand increase across all regions, consistent with seasonal trends. Zircon demand remained relatively stable compared to the first quarter. Pricing for both TiO2 and zircon increased from the first quarter into the second, as expected, partially offset by unfavorable mix. We generated $84 million in free cash flow in the quarter and returned $41 million to shareholders in the form of dividends. “On the operations side, our average pigment plant utilization rate in the second quarter was lower than targeted, driven by short-term challenges relating to ramping up our assets. As a result, we incurred higher costs in the second quarter than anticipated and delivered Adjusted EBITDA at the lower end of our guided range. While this will impact the margins of pigment sold in the third quarter, the operating challenges we experienced during the ramp up in the second quarter are resolved, and our average pigment plant utilization rate for July was in the range of 80%.”
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Berry Announces Third Quarter 2024 Results

Kevin Kwilinski, Berry’s CEO said, “Our strong financial results in the quarter were consistent with our expectations and our teams executed very well. Notably, we achieved a 2% increase in overall organic volumes, with each four operating segments delivering low-single digit volume growth. At the same time, we delivered a solid increase in our operating EBITDA margins, which were 110 basis points higher than the previous year. We place a high value on honoring our commitments and excellence in execution. This quarter, I’d like to emphasize our team’s outstanding performance in achieving volume and earnings growth, as well as our progression in reducing our leverage and optimizing our portfolio. We are confident in the strength of our underlying businesses, our customer value proposition, and our execution capabilities. We expect business momentum to continue as we demonstrated in the June quarter, including delivering, low-single digit volume growth in the fiscal fourth quarter and exiting fiscal 2024 at or below our 3.5x leverage target. I am excited by the attainable growth and operational excellence opportunities ahead. We’re focusing on three key efforts: optimizing our portfolio to accelerate growth and deleveraging, implementing our lean transformation, and driving growth by enhancing our commercial excellence.”
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Canfor closes Arkansas acquisition

Canfor Corporation is pleased to announce the completion of the acquisition from Arkansas Resolute El Dorado Inc., of its lumber manufacturing facility in Union County, Arkansas. The transaction, previously announced on May 1, 2024, is a strategic complement to the Company's existing regional operations, including its adjacent El Dorado Laminating Plant and its nearby Urbana sawmill. Renamed as the Iron Mountain sawmill, this acquisition will create operational synergies with Canfor's existing facilities, provide vertical integration opportunities with its two glulam plants and build further capacity near customers and markets in the US South.
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Amazon.com Announces Second Quarter Results

Net sales increased 10% to $148.0 billion in the second quarter, compared with $134.4 billion in second quarter 2023. Excluding the $1.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with second quarter 2023. *North America segment sales increased 9% year-over-year to $90.0 billion. Operating income increased to $14.7 billion in the second quarter, compared with $7.7 billion in second quarter 2023. *North America segment operating income was $5.1 billion. Net income increased to $13.5 billion in the second quarter, or $1.26 per diluted share, compared with $6.7 billion, or $0.65 per diluted share, in second quarter 2023.
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House Won’t Vote On Kids Safety Bill

The controversial Kids Online Safety Act, which was passed by the Senate earlier this week, reportedly will not move forward in the U.S. House of Representatives. The bill aimed to address potential harms associated with social media use by teens, including depression, eating disorders, and online bullying. The measure would have required tech platforms to guard against those harms when implementing design features such as personalized recommendations, notifications and appearance-altering filters.
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Konica Minolta Joins Two Sides To Promote Sustainable Printing

Konica Minolta offers the latest printing solutions, printing systems, services, and related supplies to help its customers better manage their business demands. As for professional inkjet printing, Konica Minolta offers advanced, high-performance solutions for digital production, including embellishment, label and packaging, and inkjet printing, catering to diverse professional printing needs with exceptional quality and efficiency. “Konica Minolta takes its environmental, social and governance responsibilities seriously. We aim to be a robust and innovative company that keeps evolving and contributing to the sustainable growth of society and individuals, and we use an ESG framework to navigate our efforts and obligations. Our activities on climate change, the circular economy, and cutting pollution are integral to our commitment. Konica Minolta is delighted to become a member of Two Sides,” says Malcolm Smith, Category Manager – Professional Print at Konica Minolta Business Solutions (UK) Ltd.
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Greif Announces Sale of Delta Petroleum Company

Greif, Inc. announced it has sold Delta Petroleum Company, Inc. (“Delta”), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries. "We are happy to have worked with the PSC Group in a transaction that brings value to both parties," said Ole Rosgaard, President and Chief Executive Officer of Greif. "While Delta is a solid business that exemplifies our Legendary Customer Service mindset, it no longer aligns with our core growth strategy of expansion into resin-based industrial products serving higher-growth and less cyclical end markets. The transaction value reflects the quality of both the business and our people, and the funds from this sale will be used to accelerate our strategic vision.”
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Diversey Receives Institute of Hospitality Endorsement for Online Training Courses

Diversey, a Solenis company, proudly announces that the Institute of Hospitality (IoH) has endorsed its 17 online video training courses focused on cleaning and disinfection. These courses, available through the Typsy learning platform, are designed to enhance the skills of housekeeping, laundry, and food and beverage teams in the hospitality industry. Diversey has a long-standing history of serving the hospitality, healthcare, food and beverage, food service, retail, and facility management markets for over a century. With a presence in over 100 countries, we continue to innovate and meet the diverse needs of our global business partners. Partnering with Typsy, Diversey expands its offerings for the hospitality industry, providing an on-demand training portfolio designed to ensure optimal guest experiences. This endorsement recognizes Diversey's rich training expertise, Application Expert teams’ unique capabilities, and best-in-class service attitude in hospitality, and we are proud of this achievement.
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Gannett Announces Second Quarter 2024 Results

"We are pleased to report another strong quarter of financial results. In fact, our operational execution led to year-over-year growth in Adjusted EBITDA and further improvement to our same store revenue trends. Same store revenue trends improved sequentially for the sixth consecutive quarter, and we remain on track and expect to hit the revenue growth inflection point as we exit 2024. Each of our digital revenue streams continued to grow over the prior year, and as a result, total digital revenues now account for 44% of total revenues." "As part of our strategy, we continued to further optimize our capital structure. During the second quarter, we repaid $24.3 million of debt, which combined with our Adjusted EBITDA growth, reduced our first lien net leverage below 2.0x. Equally important, our total net debt fell under $1.0 billion for the first time since the 2019 acquisition of legacy Gannett, and we continued to maintain a strong liquidity position with approximately $99 million in cash on the balance sheet."
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A Canadian rail strike is likely in late August, CPKC CEO Keith Creel says (trains.com)

With labor negotiations at a standstill, a Canadian rail strike is likely to occur in late August, Canadian Pacific Kansas City CEO Keith Creel said today (Tuesday, July 30). CPKC and the Teamsters Canada Rail Conference are still talking but remain far apart on a new contract, Creel said on the railway’s second-quarter earnings call. The Canadian Industrial Relations Board has said it will release a decision by Aug. 9 on what commodities are vital to health and safety and must keep moving during a work stoppage. Members of the TCRC, which represents engineers and conductors on CPKC and Canadian National, have voted to authorize a strike that could begin with 72 hours notice once the CIRB decision is issued.
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US port strike threats on East and Gulf Coasts (metro.global)

The International Longshoremen’s Association (ILA) contract with maritime employers, represented by the United States Maritime Alliance (USMX), is set to expire on the 30th September 2024 and with under 10 weeks remaining, negotiations have stalled, making a strike increasingly likely. Any strike that potentially impacts all Atlantic and Gulf Coast ports would cause significant disruption to containerised US import and exports, especially with West Coast port workers potentially refusing to handle diverted cargo in solidarity. However, the ILA has a record of resolving contracts without strikes, with the last major disruption occurring in 1977 and had planned to resolve local jurisdiction contracts before starting master contract talks but these negotiations were cancelled due to a dispute at the Port of Mobile. The USMX has expressed a desire to move forward productively but acknowledges that time is running out.
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Senate Passes Kids Privacy, Safety Bill (mediapost.com)

The Senate on Tuesday overwhelmingly passed a bill that would impose sweeping restrictions on tech companies' ability to serve content to minors and handle their data. But the measure's fate is uncertain, given that it's expected to face opposition in the House of Representatives. The Kids Online Safety and Privacy Act, approved 91-3, combines two previously separate bills -- the Kids Online Safety Act (KOSA), introduced by Senators Marsha Blackburn (R-Tennessee) and Richard Blumenthal (D-Connecticut), and the Children and Teens’ Online Privacy Protection Act (COPPA 2.0), introduced by Senators Ed Markey (D-Massachusetts) and Bill Cassidy (R-Louisiana).
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Exploring the Role of Paper, Paper-based Packaging, and Paper Products in a Circular Economy

In the journey towards sustainable development, the concept of a circular economy has gained significant traction. At the heart of this concept is the idea of reducing waste and continually reusing resources. In the paper industry, circularity is transforming how paper, paper-based packaging , and related products are produced, used, and recycled. Let’s look at the circularity of paper products, focusing on packaging, marketing, and consumer goods, highlighting the industry’s strides and challenges. In the journey towards sustainable development, the concept of a circular economy has gained significant traction. At the heart of this concept is the idea of reducing waste and continually reusing resources. In the paper industry, circularity is transforming how paper, paper-based packaging , and related products are produced, used, and recycled. Let’s look at the circularity of paper products, focusing on packaging, marketing, and consumer goods, highlighting the industry’s strides and challenges.
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Sonoco Reports Second Quarter 2024 Results

Summary: *Achieved GAAP net income attributable to Sonoco of $91 million, Adjusted EBITDA of $262 million, diluted earnings per share of $0.92 and diluted Adjusted earnings per share of $1.28 *Generated strong productivity of $51 million during the second quarter and $102 million during the first half of 2024 *Generated $275 million of operating cash flow and $96 million of Free Cash Flow during the first half of 2024 *Entered into an agreement on June 24, 2024, to acquire Eviosys for approximately $3.9 billion; expected to be completed in the fourth quarter of 2024. “Sonoco delivered solid second quarter results with sequential growth in adjusted EBITDA and EPS,” said Sonoco’s President and CEO, Howard Coker. “While the pace of Consumer volume recovery remains muted, we were pleased to see low single digit organic volume improvements in Industrials. Importantly, productivity was $51 million in the second quarter bringing our first half 2024 total to $102 million, well ahead of our full year outlook. Our assertive actions to improve productivity from value creating capital and portfolio simplification has continued to yield results. In addition, we continued executing on our disciplined and dynamic capital deployment strategy by investing in capital and innovation projects while returning capital to shareholders.”
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Pactiv Evergreen Reports Second Quarter 2024 Financial Results

Second Quarter 2024 Financial Highlights: *Net Revenues of $1,338 million for the second quarter of 2024 were down 6% compared to $1,426 million in the second quarter of 2023 and up 7% compared to $1,252 million in the first quarter of 2024. *Net Income of $20 million for the second quarter of 2024 compared to a net loss of $139 million in the second quarter of 2023 and net income of $10 million in the first quarter of 2024. Pactiv Evergreen Inc. (“Pactiv Evergreen” or the “Company”) today reported results for the second quarter of 2024. Michael King, President and Chief Executive Officer of Pactiv Evergreen, said, “This past quarter marked a significant milestone in our transformational journey as we announced an agreement to sell our Pine Bluff mill and Waynesville extrusion facility to Suzano. This is a great outcome for Pactiv Evergreen and upon closing of the transaction, we will exit our final remaining mill, allowing us to focus on our core North American converting operations.
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Metsä Board’s comparable operating result in 2024January–June was EUR 31 million

April–June 2024 (compared to 4–6/2023): *Sales were EUR 509.8 million (498.2). *The comparable operating result was EUR -0.8 million (27.3), or -0.2% (5.5) of sales. Operating result was EUR -0.7 million (29.5). *Comparable earnings per share were EUR -0.03 (0.05), and earnings per share were EUR -0.03 (0.06). *Comparable return on capital employed was 0.3% (4.6). *Net cash flow from operations was EUR -8.6 million (15.6).
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Metsä Group’s comparable operating result in January–June 2024 was EUR 57 million

April–June 2024 (4–6/2023): *Sales were EUR 1,480 million (1,481). *Operating result was EUR -12 million (127). Comparable operating result was EUR -13 million (104). *Result before taxes was EUR -26 million (119). Comparable result before taxes was EUR -27 million (98). *Comparable return on capital employed was -0.3% (5.9). *Net cash flow from operations was EUR -114 million (-19).
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Navigator strengthens its commitment to a sustainable future with ESG projects worth 164 million euros

The Navigator Company reaffirms its commitment to promoting efficiency in the use of resources with sustainable investments which, over the last 18 months, have totalled around 164 million euros, around 60% of the total amount allocated. The investment mainly includes projects aimed at decarbonisation, modernising equipment and improving efficiency. These include the new Recovery Boiler in Setúbal - which will reduce direct fossil carbon dioxide emissions by around 136,000 tonnes per year, equivalent to a quarter of the Group's emissions in 2022; the new Tower and Washing Presses in Aveiro; the new biomass Lime Kiln in Figueira da Foz; the conversion of the Lime Kiln in Setúbal to burn biomass; and the new Photovoltaic Plant in Figueira da Foz. In addition, the company has invested in sustainable packaging solutions. After launching a new line of packaging products at the end of 2021 under the gKraft™ brand, the company aims to develop innovative packaging solutions that replace current fossil-based plastic packaging with renewable, biodegradable, recyclable and carbon-neutral products based on endogenous raw materials from planted forests.
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Grainger Reports Results for the Second Quarter 2024

Grainger reported results for the second quarter of 2024 with sales of $4.3 billion, up 3.1%, or 5.1% on a daily, organic constant currency basis, and adjusted diluted EPS of $9.76, up 5.2% compared to the second quarter of 2023. "I'm proud of our team for providing a flawless experience and creating tangible value for our customers. Amidst the backdrop of a slow, but generally stable demand environment, we focused on what matters and produced another quarter of solid results," said D.G. Macpherson, Chairman and CEO. "As we look to the second half of the year, I'm confident in our ability to execute well and deliver results for all stakeholders."
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Tronox Issues 2023 Sustainability Report

The report details meaningful accomplishments achieved in the past year driving continued progress towards the Company’s previously established sustainability goals and reinforces the unwavering commitment to the Company’s sustainability strategy and purposeful investments in its people, operations and product portfolio. Highlights from the report include: *Reinforcing its carbon emission reduction targets, including reducing Scope 1 and 2 carbon emissions intensity by 50% by 2030 against a 2019 baseline and achieving carbon neutrality by 2050 and reducing Scope 3 carbon emissions by 9% by 2025 and 16% by 2030 against a 2021 baseline. *Commissioning of a 200MW solar project in South Africa, estimated to provide 40% of the Company’s total energy needs in the region and to result in an incremental 13% reduction in Scope 1 and 2 carbon emissions in 2024 relative to the 2019 baseline *Progressing the second largest renewable project in South Africa by entering into a long-term power purchase agreement with NOA Group for ~497GWh of renewable energy, which is expected to reduce Scope 1 and 2 carbon emissions by an incremental 12% globally, once fully implemented in 2027 *Reducing Scope 1 emissions and improving production efficiencies by implementing automated process controls (APCs) for chlorination to reduce coke consumption at the Company’s pigment plants.
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S&P Global Reports Second Quarter Results

The Company reported second quarter 2024 revenue of $3.549 billion, an increase of 14% compared to the second quarter of 2023. Second quarter GAAP net income increased 98% to $1.011 billion and GAAP diluted earnings per share increased 102% to $3.23 as higher net income was driven primarily by strong growth in Ratings and Indices. Excluding the impact of Engineering Solutions (ES), revenue growth would have been 16% year over year. Adjusted net income for the second quarter increased 27% to $1.267 billion and adjusted diluted earnings per share increased 30% to $4.04. On June 27, 2024, the Company announced that Douglas L. Peterson will retire as President and CEO effective November 1, 2024. Martina Cheung was unanimously selected by the Board as the next President and CEO. Ms. Cheung is currently serving as President of S&P Global Ratings. As previously announced, Yann Le Pallec will succeed Ms. Cheung as President of S&P Global Ratings, also effective November 1, 2024.
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Amazon same- and next-day deliveries hits new record

The company said it achieved its fastest Prime delivery speeds ever so far this year in the U.S. and around the world, with more than five billion items arriving the same or next day globally — an increase of more than 30% year-over-year, the company said. The majority of the items were delivered on behalf of independent sellers via Fulfillment by Amazon. In a post on its corporate website, Amazon said the speed improvements came primarily from shortening the distance deliveries had to travel to reach customers by regionalizing its fulfillment network. In the first half of 2024, Amazon reduced the distance items traveled between its U.S. sites and the customer by nearly 10% year-over-year.
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Vinda Group’s FSC Certification Terminated

FSC is terminating the Trademark License Agreement (TLA) of the eight certificate holders belonging to the Vinda group through a mutually agreed termination agreement. Hence, the Vinda group can no longer be associated with FSC because it was recently acquired by the Royal Golden Eagle (RGE) group. FSC disassociated from the RGE group, which includes APRIL, in August 2013. According to the mutual termination agreement: *The TLAs of all the Vinda certificate holders will be terminated effective 30 September 2024. Therefore, after the termination becomes effective, these companies can no longer produce products with FSC claims, and they cannot claim that they are FSC-certified. *The liquidation period of all FSC-labelled products produced up to and including 30 September 2024 may be sold with an FSC label until 31 December 2024. This means that Vinda can no longer sell products with FSC claims after this date. Vinda’s customers who bought products produced by Vinda as FSC-certified before the end of the liquidation period will be able to claim that they are FSC-certified without any time restrictions.
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Graphic Packaging Holding Company Reports Second Quarter 2024 Financial Results

Net Income was $190 million. This compares to second quarter 2023 Net Income of $150 million. The second quarter of 2024 was impacted by a net gain from special items of $22 million and the second quarter of 2023 was impacted by a net charge from special items of $37 million. Michael Doss, the Company's President and CEO said, "Second quarter played out largely as expected, with continued strength in Foodservice and Beverage results, and strong execution driving solid Adjusted EBITDA. Consumers are responding to higher prices by shifting their purchasing patterns, and our portfolio, designed to move with the consumer, is doing just that. Graphic Packaging's innovation leadership was on full display in the quarter with a big win for Paperseal™ Shape at one of the UK's largest food retailers. We are delivering the sustainable packaging solutions consumers prefer and are on track to reach $200 million in Innovation Sales Growth during 2024.
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Metsä Board to adopt updated Metsä Group’s Green Finance Framework

Metsä Group, which Metsä Board is part of, has today published an updated Green Finance Framework. Metsä Group’s previous Green Finance Framework is from 2019. The Framework enables the continued issuance of green debt instruments in line with the latest market practices and further integrates Metsä Group's 2030 strategic sustainability targets into financing. Metsä Board's financing can be arranged under the Green Finance Framework. The Framework supports financing or refinancing of environmentally sustainable investments that contribute to Metsä Board's key environmental targets in minimizing impact on climate and nature. Metsä Group’s Green Finance Framework has received an updated independent second party opinion from Sustainalytics, verifying the alignment with Green Loan Principles 2023 and Green Bond Principles 2023 and considering the eligible green assets and expenditures as credible and impactful.
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Silgan Announces Second Quarter 2024 Results

Silgan Holdings Inc. reported second quarter 2024 net sales of $1.38 billion and net income of $76.1 million, as compared to second quarter 2023 net sales of $1.43 billion and net income of $78.9 million. "The Silgan team delivered solid second quarter results that were above the midpoint of our guidance range, as our business continues to show strength and improving year-over-year trends," said Adam Greenlee, President and CEO. "Our global dispensing business remains a bright spot and continues to benefit from our market leading innovation, strong end market demand and the commercialization of new business wins that all contributed to drive double digit growth for our dispensing products and more than 20% higher Adjusted EBIT in our Dispensing and Specialty Closures business year-over-year.
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A3 Visual Earns SGP Certification

The Sustainable Green Printing Partnership (SGP) is proud to announce that A3 Visual, a Los Angeles-based integrated visual solutions and event resource management company, has completed the rigorous process required to receive an SGP certification. “Companies like A3 Visual are standard bearers for the rest of the industry,” said SGP Board Chair Theresa Vanna. “Meeting SGP’s robust standards requires dedication, and the A3 Visual team has repeatedly demonstrated their dedication to sustainable practices across the full breadth of their operations.” Earning and keeping an SGP certification speaks to A3 Visual’s strong belief in creating a more sustainable future.
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Quad reports second quarter and year-to-date 2024 results

Second Quarter 2024 Financial Results *Net Sales were $634 million in the second quarter of 2024, a decrease of 10% compared to the same period in 2023 primarily due to lower print volumes, a higher mix of lower unit price gravure versus offset print in our magazine and catalog offerings from segment share wins, and lower paper and agency solutions sales, including the loss of a large grocery client. *Net Loss was $3 million in the second quarter of 2024 compared to $6 million in the same period in 2023. The improvement is primarily due to benefits from increased manufacturing productivity, savings from cost reduction initiatives and a $4 million gain on the sale of the Company’s minority investment in Manipal Technologies, partially offset by the impact from lower Net Sales.
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AF&PA Releases Q2 2024 Boxboard Quarterly Report

Total Boxboard production in Q2 decreased 1% compared to Q2 2023. The boxboard operating rate was 88.5%, up 2.5 points from the same quarter last year and up 0.7 points year-to-date. *Solid Bl. Folding–Domestic production increased 13% compared to Q2 2023. *Solid Bleached Boxboard unmade orders were up 29% compared to the end of the previous quarter and increased 35% compared to June 2023. *Uncoated Recycled Boxboard production increased 3% compared to Q2 2023, and was up 2% when compared to the same 6 months of 2023.
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AF&PA Releases Q2 2024 Containerboard Quarterly Report

According to the report, total Containerboard production in Q2 increased 7% compared to Q2 2023. It was up 7% when compared to the same 6 months of 2023. *Operating rates for all major grades except Semichemical Medium increased compared to Q1 2024, and total production was the highest it has been since Q2 2022. *Unbleached Kraft Liner production for export surged more than 44% over its year-ago levels. Total export production for the first half of the year is also up 40%. *Recycled Medium is the only grade with a flat operating rate (-0.2%) compared to the first half of 2023, as capacity increases (+175,000 tons) have slightly exceeded production gains (+140,000 tons). *Domestic new supply for Q2 was slightly lower than last year’s peak in Q4, but it is still up 3.7% year-to-date, as domestic production has increased as much as export production in terms of tonnage, and imports are up 9.8%.
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Postmedia Enters Agreement to Acquire Saltwire

Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. announced that it has entered into an agreement to acquire certain businesses and assets of Saltwire Network Inc. and The Halifax Herald Limited, Atlantic Canada’s largest media company, which is currently under Companies’ Creditors Arrangement Act protection. This potential acquisition aligns with Postmedia’s commitment to preserving local journalism and supporting the communities it serves. Local journalism is essential for keeping communities informed and connected. Saltwire, with over a dozen media titles, plays a crucial role in this regard. “If the transaction can be completed, Postmedia intends to provide the necessary back office resources and operational infrastructure to ensure there continues to be reliable and high-quality local news provided to the affected communities,” said Andrew MacLeod, President and Chief Executive Officer of Postmedia.
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PEFC EUDR DDS standard module published

We developed this module standard to support organisations in demonstrating compliance with the European union Regulation on Deforestation Free Products (EUDR). Within the document, PEFC chain of custody certified organisations will find the steps they may follow to implement a Due Diligence System towards demonstrating EUDR compliance using the PEFC scheme. The standard applies to relevant products made with forest and materials and can be implemented on a voluntary basis, at the global level, by any organisation holding or applying for a PEFC recognised chain of custody certificate.
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DS Smith has invested more than €50 million euros in its packaging facilities in Portugal

The investments are intended to streamline the upgrading of technology and renewable energy solutions. These include the acquisition of two top-of-the-range fluting machines for our packaging facilities in Oporto and Leiria packaging facilities, and we have upgraded a corrugator unit for optimal performance at our packaging facility in Lisbon with the installation of a 2,800mm (approximately 9.19 ft) wide Dry End. We have also invested in a large processing machine that is specifically intended for the heavy-duty marketplace and for corrugated cardboard solutions that are robust enough to transport heavy, large, or bulky products for industrial and agricultural sectors. DS Smith customers in the e-commerce sector are benefitting from the upgrading of machinery to produce padded paper envelopes, and designers have innovated a sustainable fibre-based alternative solution to plastic-based bubble-wrap.
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SCA: Half-year Report , Q2 2024

SCA’s earnings for the second quarter were stronger compared with the preceding quarter and the year-earlier quarter. Demand for fiber-based products gradually grew during the first half of the year, which led to progressively higher selling prices that positively impacted earnings. The high rate of self-sufficiency in wood raw material, energy and logistics continued to contribute to effective cost control and the strategic capital expenditures recently made in pulp and packaging paper resulted in higher delivery volumes. The supply of wood raw material to SCA’s industries was stable. The price of sawlogs and pulpwood continued to rise slightly compared with the preceding quarter. Seasonally stronger demand combined with higher sawlog costs led to increasing selling prices for solid-wood products compared with the preceding quarter. Demand in the Pulp segment remained at a good level with increased delivery volumes and progressively higher selling prices compared with the preceding quarter.
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Ahlstrom January–June 2024 financial results

Helen Mets, President and CEO, comments on second quarter 2024: Ahlstrom delivered another strong performance in Q2. Our profitability improved once again, while cash flow remains solid. Obsessed with our customers and the markets we serve; we launched several innovative new products − including fluorochemical-free filtration and paper-based pet food materials − to meet the growing need for safe and sustainable solutions. We also refined our strategy and streamlined our organization to accelerate our growth transformation. In addition, our Q2 pulse survey showed an increase in employee engagement. The latest engagement score places Ahlstrom close to the level of the top 10% of companies in the manufacturing industry. I am proud of the progress that we continue to deliver. During the second quarter, market activity continued to strengthen. Adjusted for Stenay divestiture deliveries increased compared to both the previous quarter and the previous year. Comparable EBITDA also grew, supported by an increasingly strong margin on variable cost per ton. This improvement can be attributed largely to our transformation initiatives, including disciplined price management and cost efficiency measures. Overall, cash flow remained solid, supported by the higher profitability, efficient working capital management, and sustainable lower capital expenditure.
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Get Up, Get Out, Get Inspired

As a creative agency, we often get asked “Where do your ideas come from?” The truth is that sitting behind a desk makes creative ideas harder to come by. For real creative inspiration, it’s important to change your view. Get up, get out of the office, take in a sunset, or simply take a walk. The ideas will start to flow. See video at: https://jschmid.com/get-out-to-get-creative-inspiration/
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ACMA Promotes Paul Miller to EVP/Managing Director

Dear Industry Member: I'm pleased and excited to announce that longtime ACMA staffer Paul Miller has been promoted to the new position of Executive Vice President & Managing Director. Paul has been a familiar fixture among ACMA members and the overall e-com/DM/catalog industry for years. A "jack of all trades" at the ACMA since 2010, Paul (on the left of the picture with members of the group he led in meetings on Capitol Hill in May) has been responsible for bringing on many new members over the years and the steady growth of the annual ACMA Forum, making it the can't-miss event is has become. Thanks largely to Paul's diligent management, the May 2024 event was off the charts this year compared to 2023, with attendance up 33% and overall revenues increasing by 58%.
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President Biden Announces Nominees

President Joe Biden announced his intent to nominate the following individuals to serve as leaders in his administration: Val Butler Demings, Nominee to be a Governor of the United States Postal Service Board of Governors: Val Butler Demings is a lifelong public servant who broke numerous glass ceilings. In 2016, Demings was elected by the voters of Florida’s 10th District to serve in the U.S. House of Representatives. She fought to grow the economy, reduce household costs, and end gun violence. She served on the House Committees on Judiciary, Intelligence, Homeland Security, and Oversight and Government Reform, and chaired the House Homeland Subcommittee on Emergency Preparedness, Response, and Recovery. William Zollars, Nominee to be a Governor (Republican) of the United States Postal Service Board of Governors: William Zollars grew up in Minneapolis, Minnesota as one of four children. He attended Edina High School and the University of Minnesota where he graduated magna cum laude with a Bachelor’s degree in Economics, and as a member of Phi Beta Kappa. After graduation, Zollars spent 24 years at Eastman Kodak where he held roles in finance, strategic planning, marketing, logistics, and general management.
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Starbucks invests in solar for 170 Illinois stores (chainstoreage.com)

Starbucks has entered into a new solar power partnership to help power its stores in one of America’s largest states. The coffee giant is partnering with Nexamp as a long-term renewable electricity purchaser, anchoring the deployment of more than 40 Megawatts of solar energy in Illinois communities. The six new community solar projects being added to Nexamp's Illinois portfolio will provide significant electricity savings to more than 1,100 local residents who subscribe within the ComEd and Ameren utility territories. Through the Nexamp solar project, Starbucks will purchase electricity coverage for 170 Illinois stores. This builds on the 340 company-operated Illinois stores already powered by wind energy.
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Virginia Representative Helps Drive The Bicameral Deliver For Democracy Act (mediapost.com)

The legislative effort to hold the U.S. Postal Service accountable for on-time delivery of periodicals received a boost on Tuesday when Representative Abigail Spanberger (D-Virginia) helped introduce, bicameral legislation to support rural newspaper delivery by incentivizing on-time U.S. Postal Service (USPS) delivery and limiting excessive rate increases for periodicals. The Deliver for Democracy Act would hold the U.S. Postal Service accountable for on-time newspaper delivery service while incentivizing reliable service. In addition, the legislation now on tap in the House would limit rate increases for periodicals unless delivery and service standards are met. “I remain frustrated that U.S. Postal Service leadership is once again planning to raise postal rates — for the sixth time in three years — without fixing the persistent mail service and delivery issues that they know hurt Virginians and Virginia businesses,” Spanberger says.
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Growing Tissue Capacity

A new state of the art tissue paper mill is planned by Metsa in the UK through a landmark investment of hundreds of millions of pounds. The planned tissue paper mill in Goole, East Riding of Yorkshire in the UK, will use the best available technologies to manufacture 240,000 tons of tissue paper a year for the UK and Irish markets, using fresh fibre pulp as the main raw material from sustainably managed forests in the Nordics. This investment would deliver the largest tissue mill in the UK and significantly reduce the quantity of tissue products that are currently imported into the UK and Ireland each year. When operating at full capacity the mill will create 400+ direct jobs at the facility, as well as thousands more across the supply chain and the local economy.
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Canfor Pulp reports results for the second quarter of 2024.

The Company reported an operating loss of $5.6 million for the second quarter of 2024, compared to an operating loss of $15.7 million for the first quarter of 2024. These results largely reflected an uplift in global pulp pricing, primarily in response to global pulp supply disruptions, and the correlated improvement in the Company’s average Northern Bleached Softwood Kraft (“NBSK”) pulp sales unit realizations. These factors were offset in part, however, by a decline in the Company’s pulp production and shipments quarter-over-quarter, driven by extended downtime at its Intercontinental NBSK pulp mill (“Intercon”) to address unforeseen recovery boiler repairs identified during the scheduled maintenance in May. In May 2024, the Company announced the decision to indefinitely curtail one production line at its Northwood NBSK pulp mill (“Northwood”) as a result of the continual decline in the availability of economic fibre in the northern British Columbia (“BC”) region.
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ANA: Advertisers Struggling With Retail Media Networks (mediapost.com)

Advertisers tapping into retail media networks (RMNs) continue to struggle with performance, data and metrics, mainly because methods are inconsistent, making comparisons across RMNs and other media platforms challenging. The insights were published by the ANA on Wednesday in its second report. This year, the organization titled it Retail Media Network: Optimism Tempered with Caution. Some 55% of marketers emphasize the need for RMNs to meet advertiser measurement standards, with it ranking as the No. 1 challenge for them, followed by 48% citing attribution to sales, and 40% said timeliness of data and analytics.
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Updated Standard for Ukraine Improves Health and Safety in Areas Affected by Military Operations

The ongoing war in Ukraine has contaminated certified forests with explosive objects. As a result, substantial areas have had to be excised from the scope of certification. To achieve this goal, the current Forest Stewardship Standard (FSS) for Ukraine has been updated (FSC-STD-UKR-01.1-2024) to include criteria for excising contaminated areas as well as specific, nationally adapted indicators and verifiers. Those requirements are based on the scenario presented in Clause 2.2 of the FSC Policy on the Excision of Areas from the Scope of Certification. After the initial registration of the process by the Performance and Standards Unit of FSC (PSU) in March 2023, the Standard Development Group developed an updated draft in consultation with forestry authorities, the Ministry of Defense, the State Emergency Service, and other relevant bodies. The Policy Steering Group approved the updated FSS in June 2024.
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Lacerta Group, LLC Unveils New Sustainable Packaging Solution: ReCERTA™

In an ambitious stride towards environmental sustainability, Lacerta Group, LLC today announced the rollout of its newest innovation, ReCERTA™, a sustainable packaging material crafted from post-consumer recycled plastic. The introduction of ReCERTA™ comes on the heels of Lacerta's recent accolade, the EcoVadis Bronze status, awarded in February 2024 for the company's steadfast commitment to sustainability and circularity in operations. Matt Crider, VP of R&D and New Product Development at Lacerta, reflected on the achievement, stating, "Receiving the EcoVadis Bronze Status propels us further along our journey of environmental stewardship, and with ReCERTA™, we are setting a new benchmark for sustainable packaging." ReCERTA™ is engineered with a minimum average of 10% FDA-approved post-consumer recycled (PCR) content, underscoring Lacerta's dedication to reducing the environmental footprint of its packaging solutions. The material is designed to serve the needs of food processors, supermarkets, and distributors who are keen on aligning their operations with Environmental, Social, and Governance (ESG) objectives.
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Huhtamäki Oyj’s Half-yearly Report January 1–June 30, 2024

Q2 2024 in brief *Net sales decreased 1% to EUR 1,038 million (EUR 1,052 million) *Comparable net sales growth at Group level was -1% *Reported EBIT was EUR 105 million (EUR 55 million); adjusted EBIT was EUR 106 million (EUR 93 million) *Reported EPS was EUR 0.62 (EUR 0.24); adjusted EPS was EUR 0.63 (EUR 0.55) *The impact of currency movements on the Group’s net sales was EUR -6 million and EUR -1 million on EBIT
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Tetra Pak® Custom Printing helps Mengniu Group unlock new opportunities to connect with consumers

Tetra Pak and Mengniu Group today announce the launch of a limited edition Milk Deluxe Pure Milk range, customised with 30 different designs of masterpieces from Van Gogh and Monet. Packaged in Tetra Prisma® Aseptic 250 Edge cartons with DreamCap™ 26 closure, the special edition range has been brought to market through a collaboration with Meet You Museum. The cartons are now accessible to consumers across Greater China – online and in stores. Mengniu is the first dairy brand in the world to offer consumers these striking designs, which include some of the world’s most celebrated art, exploiting the unique design variability offered by Tetra Pak® Custom Printing. These “handheld” works of art offer consumers an immersive experience, all whilst enjoying a nutritious milk drink. Demand for product personalisation is increasing, as well as consumer expectations about more authentic engagement with brands. For food and beverage (F&B) manufacturers, leveraging technology such as Tetra Pak® Custom Printing presents an opportunity to creatively respond to this rising demand; therefore, deepening the connection and interaction with consumers.
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Supremex Announces Optimization Measures For Its Envelope Activities

First, the Company is ceasing production at its very small facility in Niagara Falls, New York, effective immediately and maintaining the premises as a distribution centre. Additionally, Supremex will close its facility in Concord, Ontario, as its lease expires in February 2025 and will transfer the location’s most efficient production equipment, primarily to its other Greater Toronto area (“GTA”) envelope plants in Mississauga and Etobicoke over the coming months. These measures will not result in significant headcount reduction as the vast majority of employees will be relocated within the Company’s existing operations. Related to these moves, Supremex will record restructuring charges of approximately $2.7 million before taxes for a period extending from the third quarter of 2024 through the first quarter of 2025. “With the rising cost of real estate, consolidating envelope production in the GTA will significantly reduce fixed costs and allow us to optimize capacity utilization throughout our network as we methodically pursue the execution of our North American expansion strategy,” said Stewart Emerson, President and CEO of Supremex. “In addition to optimizing the equipment base in the Toronto region, some redundant equipment will be re-deployed to U.S. facilities, providing customers with superior service and high-quality products at the most affordable cost. Finally, we expect the operating leverage resulting from these initiatives to improve the profitability and cash flow generation of our envelope activities.”
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Why Print Media Is Your Digital Secret Weapon This Holiday Season

As we prepare for the Holiday season and consider last-minute changes to our media spend, it’s essential to ask: Can print media be a digital champion? Overwhelmingly, the data tells us YES. Print campaigns are often perceived as more credible and trustworthy than digital ads. This trust translates into a stronger brand presence and higher engagement when audiences encounter the brand online. Print media also has a lasting presence; customers and prospects may keep the printed piece for weeks, providing ongoing brand exposure and serving as a reminder that drives people to engage with the brand digitally. Moreover, shoppers tend to spend more time with print media compared to digital ads, which are often skimmed or skipped. This higher engagement can lead to better recall and a stronger inclination to explore the brand online. Just think of our own shopping experiences around digital ad fatigue. Digital and Meta channels are saturated with ads, leading to ad fatigue. Print campaigns faces less competition, allowing your message to stand out and capture attention more effectively.
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Berry and Glatfelter Announce New Brand Name and Identity in Connection with Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business and Glatfelter

Berry Global Group, Inc. and Glatfelter Corporation announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter progressed further with the creation of the Magnera brand, a global leader in the specialty materials industry. The launch of this new identity marks the next chapter in the transaction journey, emphasizing a commitment to innovation and leadership in the specialty materials industry. Magnera will leverage a broad platform of 46 global manufacturing facilities, offering its customers innovative solutions more quickly from closer locations and minimizing environmental impact. Curt Begle, President of Berry’s Health Hygiene & Specialties Division, who will lead Magnera as CEO, said, “Magnera’s purpose is to better the world with new possibilities made real. By continuously co-creating and innovating with our partners, we will develop original material solutions that make a brighter future possible. With a breadth of technologies and a passion for what we create, Magnera’s solutions will solve end-users’ problems, every day.” With a focus on innovation, operational excellence, and strategic market penetration, Magnera will have the broadest global product offering in high-growth markets for both polymer and fiber-based product applications.
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ATA Truck Tonnage Index Fell 1.6% in June

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 1.6% in June after increasing 3% in May. In June, the index equaled 113.5 (2015=100) compared with 115.3 in May. “While giving back some of the gain from May, it appears that truck freight tonnage is slowly going in the right direction since hitting a recent low in January,” said ATA Chief Economist Bob Costello. “Despite June’s decline, the second quarter average was 0.2% above the first quarter and only 0.2% below the second quarter in 2023, which are good signs that truck freight might be finally turning the corner.” May’s increase was revised down from our June 18 press release. Compared with June 2023, the index decreased 0.4%. In May, the index was up 1% from a year earlier, which was the first year-over-year gain since February 2023.
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Packaging Corporation of America Reports Second Quarter 2024 Results

Packaging Corporation of America reported second quarter 2024 net income of $199 million, and net income of $199 million, excluding special items. Second quarter net sales were $2.1 billion in 2024 and $2.0 billion in 2023. In the Packaging segment, corrugated products shipments per day were up 9.2% over last year’s second quarter and total shipments, with one additional shipping day, were up 10.9%. Containerboard production was 1,281,000 tons, and containerboard inventory was up 16,000 tons compared to the second quarter of 2023 and up 20,000 tons versus the first quarter of 2024. In the Paper segment, sales volume was up 12% compared to the second quarter of 2023 and down (8%) versus the first quarter of 2024. Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, “results for the quarter reflect our strong market conditions in the Packaging segment. This drove a new all-time containerboard production record in order to service corrugated products and containerboard demand which grew stronger each month, ending with a new corrugated shipments-per-day record for the month of June. We were also able to build some inventory ahead of what we expect to be a busy second half of the year. Packaging segment prices and mix moved higher from first quarter levels as we continue to implement our announced price increases. Paper segment prices and mix as well as volume came in as expected, and the scheduled outage at our International Falls mill was managed very well. Results also reflect our constant focus on minimizing inflationary cost increases through efficiency and usage initiatives and capital project benefits throughout our mills and converting facilities.”
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International Paper Reports Second Quarter 2024 Results

Second Quarter 2024 Highlights: *net earnings of $498 million; includes a tax benefit of $338 million related to internal legal entity restructuring *cash provided by operations of $365 million and returned $160 million to shareholders in dividends. "Reflecting on my first 90 days, I am confident in our teams' ability to unlock substantial value at IP," said Andy Silvernail, Chief Executive Officer. "While our second quarter financial results increased sequentially on better price and seasonally higher volumes, we expect near-term performance to be challenged. In order to accelerate improvement, we are deploying an 80/20 business process. We will make the changes needed to focus our portfolio, become excellent with our customers and optimize our cost to deliver profitable growth. In North America, our investments will center on providing customers with the most reliable and innovative packaging solutions. We also look forward to the combination with DS Smith and together creating significant value for our shareholders."
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Silgan Announces Agreement to Acquire Weener Packaging

Silgan Holdings Inc. announced that it has entered into a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products for an enterprise value of €838 million. Weener operates a global network of 19 facilities predominantly in Europe and the Americas, with approximately 4,000 employees and proprietary manufacturing technologies including significant clean room capabilities. “The proposed acquisition of Weener represents the continuation of our strategy to expand our global Dispensing and Specialty Closures franchise and a clear example of the effectiveness of our disciplined capital allocation model to create value for our shareholders,” said Adam Greenlee, President and CEO. “The combination of Weener’s innovative product offering, advanced manufacturing technologies and efficient operating footprint, strong customer relationships and presence in growing consumer markets, including personal and health care, complements our existing dispensing business well. As with prior acquisitionsin Dispensing and Specialty Closures, Weener has established its market position through innovation, cost leadership and an intense focus on partnering with their customers to meet demanding market requirements,” continued Mr. Greenlee.
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Stora Enso appoints a new CFO and a new EVP Packaging Solutions division

Stora Enso has appointed Niclas Rosenlew Group Chief Financial Officer. He will replace Seppo Parvi, who has previously announced that he will leave Stora Enso to continue his career outside the Company. Stora Enso has also appointed Carolyn Wagner Executive Vice President, Packaging Solutions division. She will replace Ad Smit who will retire. They will join Stora Enso latest in January 2025 and be members of Stora Enso’s Group Leadership Team. Niclas Rosenlew is currently Group CFO at the Swedish stock-listed industrial company SKF, a position held since 2019. Prior to his current role, he held a CFO position at Basware, and senior finance positions at Microsoft and Nokia. Niclas holds a Master of Science degree in Finance. Carolyn Wagner is currently Divisional CEO of the Packaging Division at the German Klingele Paper & Packaging Group. Prior to her current role, she has held senior positions at other European corrugated packaging companies, amongst others, DS Smith and SCA. Carolyn holds a degree of Graduate Engineer Packaging Technology.
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Stora Enso Oyj Half-year Report 2024

Q2/2024 (year-on-year) • Sales decreased by 3% to EUR 2,301 (2,374) million; however, continuing operations grew by 1%. • Operating result (IFRS) was EUR 99 (-253) million. • Earnings per share (EPS) were EUR 0.06 (-0.29) and EPS excl. fair valuations (FV) was EUR 0.07 (-0.27). • The value of the forest assets increased to EUR 8.7 (8.1) billion, equivalent to EUR 11.06 per share. • Cash flow from operations amounted to EUR 323 (146) million. Cash flow after investing activities was EUR 86 (-70) million. •Net debt increased by EUR 466 million to EUR 3,497 (3,030) million, mainly due to the board investment at the Oulu
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Rottneros interim report January-June 2024

*NET TURNOVER increased by 4 percent to 711 (681) MSEK. Compared to the first quarter of 2024, turnover rose by 3 percent due to higher market prices. *THE LIST PRICE of NBSK pulp was 16 percent higher compared with the second quarter of 2023. Compared with the first quarter of 2024, the list price rose 13 percent. The market price of CTMP rose by 1 percent compared with the second quarter of 2023 and decreased by 2 percent from the first quarter of 2024. *PRODUCED VOLUME amounted to 91.0 (93.2) thousand tonnes, which is 2 percent lower than in the corresponding quarter of 2023. *VOLUME SOLD rose to 88.6 (82.8) thousand tonnes, an increase of 7 percent. *EBIT (operating profit) was 30 (41) MSEK. Compared with the corresponding quarter of 2023, selling prices were lower while volumes were higher. EBIT increased from the first quarter of 2024 as a result of rising prices and higher production volumes.
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Canfor announces leadership transition

John Baird, Chairman of the Canfor Corporation Board of Directors, announced that Don Kayne, President and Chief Executive Officer, plans to retire at the end of the year. Mr. Kayne has been with Canfor for 46 years and has held the position of President and Chief Executive Officer since 2011. Under his leadership, the Company has grown and transformed from its British Columbia roots into a global entity with operations in Alberta, the United States and Sweden. As a respected industry leader, he has been a constant champion for the forest products sector, serving in a variety of industry roles including Chair of the Forest Products Association of Canada, the BC Council of Forest Industries and the Bi-national Softwood Lumber Board. Canfor is also announcing the appointment of Susan Yurkovich as the Company’s next Chief Executive Officer. Currently serving as Canfor’s Senior Vice President of Global Business Development, Ms. Yurkovich brings three decades of experience working in the natural resources sector to the role, 12 of those years with Canfor.
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UPM Raflatac accelerates its growth in Graphics by acquiring Grafityp

UPM Raflatac has acquired Grafityp, a Belgian-based company to further accelerate its growth in graphics solutions. Merging UPM Raflatac’s existing Graphics business with Grafityp will strengthen UPM Raflatac’s overall competitive positioning in this attractive product segment, expand its portfolio and give access to high-value new technologies. Both parties have agreed not to disclose the purchase price or other transaction details. Grafityp is a well-established company with more than 50 years of history and a pioneer in developing and manufacturing self-adhesive graphics solutions. Today it is known for its strong brands and product portfolio consisting of colour films, print films for large format colour printing, laminates and wrapping films for various end-uses. The company has approximately 100 employees and has a manufacturing site in Houthalen, Belgium and a distribution centre in the UK.
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UPM Half-Year Financial Report 2024: Comparable EBIT increased by 60% in Q2, UPM Paso de los Toros reached full capacity

Q2 2024 highlights *Sales totalled EUR 2,546 million (2,558 million in Q2 2023) *Comparable EBIT increased by 60% to EUR 182 million, 7.2% of sales (114 million, 4.5%) *Operating cash flow was EUR 204 million (459 million) *Moderate recovery in many product markets *UPM Paso de los Toros pulp mill reached nominal capacity before its first maintenance shutdown in June *Unusually high maintenance activity with three pulp mills and all nuclear power plant units having scheduled maintenance. H1 2024 highlights *Sales decreased by 3% to EUR 5,186 million (5,345 million in H1 2023) *Comparable EBIT increased by 10% to EUR 515 million (470 million), and was 9.9% (8.8%) of sales *Operating cash flow was EUR 539 million (1,173 million) *Net debt increased to EUR 2,763 million (2,557 million) and the net debt to EBITDA ratio was 1.64 (1.07)
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UPS Releases 2Q 2024 Earnings

UPS announced second-quarter 2024 consolidated revenues of $21.8 billion, a 1.1% decrease from the second quarter of 2023. Consolidated operating profit was $1.9 billion, down 30.1% compared to the second quarter of 2023, and down 29.3% on an adjusted basis. Diluted earnings per share were $1.65 for the quarter; adjusted diluted earnings per share of $1.79 were 29.5% below the same period in 2023. For the second quarter of 2024, GAAP results include an after-tax charge of $120 million, or $0.14 per diluted share, comprised of a one-time payment of $94 million to settle an international regulatory matter, and transformation and other charges of $26 million. “I want to thank all UPSers for their hard work and efforts in the second quarter,” said Carol Tomé, UPS chief executive officer. “This quarter was a significant turning point for our company as we returned to volume growth in the U.S., the first time in nine quarters. As expected, our operating profit declined in the first half of 2024 from what we reported last year. Going forward we expect to return to operating profit growth.”
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Google To Keep Cookies (mediapost.com)

Google said on Monday that it will scrap its years-long efforts to eliminate third-party cookies on Chrome. The search company plans to keep third-party cookies for those who don’t want to disable them, but will roll out a new solution that gives people a choice of how and when to protect their privacy in Chrome. They can adjust that choice at any time. "We're discussing this new path with regulators, and will engage with the industry as we roll this out," Anthony Chavez, vice president of Privacy Sandbox, wrote in a blog post published Monday. Developers will continue to have access to Privacy Sandbox APIs, so they can invest in them to further improve privacy and utility.
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Crown Holdings, Inc. Reports Second Quarter 2024 Results

Net sales in the second quarter were $3,040 million compared to $3,109 million in the second quarter of 2023 reflecting higher global beverage can shipments offset primarily by the pass through of $94 million in lower material costs and unfavorable foreign currency of $13 million. Income from operations was $379 million in the second quarter compared to $367 million in the second quarter of 2023. Segment income in the second quarter of 2024 was $437 million compared to $414 million in the prior year second quarter driven by improved results in global beverage operations. Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company performed well during the quarter, led by strong results in each of the global beverage businesses. Benefitting from our broad geographic presence and strategic customer alliances, beverage segment income improved by 21% in the second quarter on a combined global basis. Beverage can shipments improved 6% globally in the second quarter, including 9% in North America. Beverage can shipments in Europe and Latin America were also strong and exceeded longer-term expectations of low-to mid-single digit volume growth.
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Avery Dennison Announces Second Quarter 2024 Results

Materials Group: *Reported sales increased 5% to $1.5 billion. Sales were up 6% ex. currency and on an organic basis. -Label Materials sales were up mid-to-high single-digits on an organic basis. **Volume/mix was up low double-digits, which was partially offset by deflation-related price reductions. -Graphics and Reflectives were up low single-digits organically. -Performance Tapes and Medical were down low single-digits organically. *Reported operating margin was 14.4%. Adjusted EBITDA margin (non-GAAP) was 17.9%, up 220 basis points driven by higher volume/mix and benefits from productivity, partially offset by higher employee-related costs. Solutions Group: *Reported sales increased 12% to $689 million. Sales were up 14% ex. currency and 11% on an organic basis. -Sales in high-value categories were up low double-digits ex. currency. -Sales were up mid-to-high teens ex. currency in base solutions. *Reported operating margin was 9.3%. Adjusted EBITDA margin was 16.8%, up 100 basis points, driven by higher volume and benefits from productivity, partially offset by higher employee-related costs and investments. -Margin was up 70 basis points sequentially; the company expects margin to continue to improve in the second half of 2024.
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Kimberly-Clark Announces Second Quarter 2024 Results

Quarter Highlights: *Net sales of $5.0 billion were down 2 percent, with organic sales growth of 4 percent versus the prior year. *Reported gross margin was 36.0 percent, adjusted gross margin was 36.9 percent, up 290 basis points versus the prior year, driven by organic net sales growth and gross productivity gains. *Diluted earnings per share were $1.61; adjusted earnings per share were $1.96, up 19 percent versus prior year including a $0.12 year-on-year headwind from currency translation.
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Time Magazine names DS Smith as one of the world’s most sustainable companies

Time Magazine's exclusive list highlights companies that have made significant strides in prioritising sustainability and environmental responsibility and this prestigious recognition is testament to our commitment to sustainability, which sets us apart as a leader in the packaging sector. "This recognition from Time Magazine is a powerful validation of our Now & Next Sustainability Strategy. We continue to help our customers to transition to a low carbon, circular economy as we live our company purpose to Redefine Packaging for a Changing World.' Wouter van Tol, Head of Sustainability & Community Affairs, DS Smith.
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RRD Finalizes Acquisition of Digital & Print Marketing Businesses from Vericast

R.R. Donnelley & Sons Company announced that it has successfully closed on the strategic acquisition of digital and print marketing businesses from Vericast Corp ("Vericast"). The acquisition was first announced March 18, 2024. The acquisition of the digital and print marketing businesses from Vericast will expand RRD’s digital marketing offerings with capabilities across display advertising, dynamic mobile, and social media marketing. Additionally, it will also enhance RRD’s print marketing offering, including cooperative mail and print coupon clearing business. The combined capabilities will strengthen the company’s position across print and digital marketing, especially as a leader in marketing influence and activation.
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Clearwater Paper Enters into Definitive Agreement to Sell Tissue Business to Sofidel America Corporation for $1.06 Billion

Clearwater Paper Corporation announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A., a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net working capital. The transaction represents the next step in the Company’s transformation to become a premier independent supplier of paperboard to North American converters and the conclusion of its previously announced review of strategic options for the tissue business. “We are pleased to have reached this agreement with Sofidel, which we believe positions Clearwater Paper for its next chapter of growth and value creation,” said Arsen Kitch, President and Chief Executive Officer. “Clearwater Paper is transforming into a premier paper supplier in North America. Upon completion of this transaction, we intend to deleverage our balance sheet while scaling and diversifying our paperboard business to meet the needs of our customers. We look forward to delivering innovative and sustainable products to our converter customers while generating strong returns for our shareholders.”
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Update: Fire at Sappi Saiccor Mill

With reference to the fire and subsequent explosion which occurred on a supplier truck delivering liquid oxygen to the Sappi Saiccor Mill in Umkomaas, KwaZulu-Natal, the following update can be provided. The mopping up and assessment operation has been completed. The damage is limited to the vaporisers (used to turn liquid oxygen into gas usable by the plant) and some peripheral equipment. Replacement equipment is on site and being installed. Work should be completed by Sunday 21 July with phased start-up then reliant on receiving the prerequisite Department of Labour approval. We would like to express our sincere gratitude to our suppliers and customers for their understanding during this short interruption. The impact of the event is not material within the quarter.
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How Carbon Balanced Paper Ensures Successful Habitat Restoration

Tree planting, or reforestation, is one of the many solutions to climate change due to the ability of trees to sequester substantial amounts of carbon as they grow. Governments worldwide are backing ambitious initiatives, encouraging people to donate time and money to reforestation projects. However, many tree planting projects designed to offset carbon emissions have faced criticism for failing to create sustainable forests. Numerous reforestation efforts have ended in failure. Researchers at the University of California, Berkeley found that a large-scale government-organized tree planting project in Northern California had insignificant impact on carbon sequestration or tree cover. Similarly, a study by the Nature Conservancy questioned the environmental benefits of a government-funded tree-planting program in Mexico, concluding that forest loss rates were higher in states implementing the plan than in those that did not. In the Philippines, the National Greening Program was deemed a failure by its own government, achieving only a fraction of its intended forest cover increase.
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Introducing PaperSpace Coreless e+ Paper Dunnage Solution

Coreless paper rolls have emerged as an innovative and sustainable solution in the realm of paper packaging products. PaperSpace Coreless e+ is our newest simple, versatile paper dunnage solution featuring easy-to-handle paper rolls without the central cardboard core. The absence of the core means less waste and more usable paper. See sell sheet at: https://www.itape.com/wp-content/uploads/2024/07/PaperSpace-Coreless-e-SS.pdf
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AAP May 2024 StatShot Report: Overall Publishing Industry Up 10.9% for Month of May, and Up 5.5% Year-To-Date

The Association of American Publishers released its StatShot report for May 2024 reflecting reported revenue for Trade (Consumer Books), Religious Presses, Higher Education Course Materials, PreK-12 Instructional Materials and Professional Publishing. Total revenues across all categories for May 2024 were up 10.9% as compared to May 2023, coming in at $1.1 billion. Year-to-date revenues were up 5.5%, at $5.2 billion for the first five months of the year. Trade (Consumer Books) revenues were up 16.5% in May, coming in at $789.1 million. In terms of physical paper format revenues during the month of May, in the Trade (Consumer Books) category, Hardback revenues were up 21.0%, coming in at $289.1 million; Paperbacks were up 16.7%, with $289.6 million in revenue; Mass Market was up 118.2% to $11.2 million; and Special Bindings were up 28.4%, with $13.6 million in revenue.
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Amazon Announces Record-Breaking Sales for 2024 Prime Day Event

Amazon announced that Prime Day 2024 was Amazon’s biggest Prime Day shopping event ever, with record sales and more items sold during the two-day event than any previous Prime Day event. During the 48-hour shopping event, Prime members globally saved billions on deals across every category. With Amazon’s vast selection at some of the lowest prices of the year so far, millions more Prime members shopped the two-day shopping event compared to Prime Day 2023. The opportunity to save big meant a record-breaking number of customers signed up for Prime in the three weeks leading up to Prime Day, with millions of new members worldwide. "Prime Day 2024 was a huge success thanks to the millions of Prime members globally who turned to Amazon for fantastic deals, and our much-appreciated employees, delivery partners, and sellers around the world who helped bring the event to life for customers," said Doug Herrington, CEO of Worldwide Amazon Stores.
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HMH Unveils Bold New Brand

Adaptive learning company HMH today announced a refreshed brand that reflects its commitment to accelerating dynamic learning and helping educators create growth for every student. This refresh marks a significant milestone in HMH's evolution, underscoring its promise to integrate the best of technology with the best of in-class instruction to support student success. This is represented by a new visual identity and streamlined name — HMH. “Just as there isn’t one kind of student, there isn’t a one-size-fits-all approach to education. Educators need an intuitive digital ecosystem that helps drive momentum, growth and continuous learning for every student,” said Jack Lynch, HMH CEO. “Everything we do at HMH is in service of creating thriving classrooms built on meaningful student-teacher relationships.”
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Times Hudson Valley Media To Acquire Two Weeklies (mediapost.com)

The Times Hudson Valley Media group, a publisher in New York State, is acquiring two weekly newspapers:The Cornwall Local and The News of the Highlands, increasing the company’s roster to five publications. The sale is effective on August 1. Carl Aiello, founder of the Times Hudson Valley Media group, will serve as publisher and Mary Jane Pitt will remain as editor. Both papers will be converted to tabloid size, marching The Wallkill Valley Times, Mid Hudson Times, and Southern Ulster Times. All five newspapers will go to press on Tuesday evenings, and will hit newsstands on Wednesdays, and local mailboxes on Thursdays.
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Celebrating Sustainability: 2023 Achievements And Future Focus

We’re excited to announce the publication of the 2023 Novolex Sustainability Report! Our pillars of Products, Operations and People and Communities are how we approach sustainability across our businesses. The associated key performance indicators (KPIs) for each of them provide the framework for every annual report. The consistency of our reporting framework provides transparency and comparability of the progress we’ve made across each pillar year over year. The progress made in 2023 would not have been possible without the hard work of all 10,000 members of the Novolex family. “There isn’t a role at Novolex that doesn’t have a significant impact on what sustainability means for us,” explained Novolex CEO Stan Bikulege in his opening letter of the report. “Maintaining safe workplaces, innovating new products, reducing energy use, supporting our communities, and many more initiatives all reflect sustainability at Novolex.”
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Walsworth Hires Andy Billett as New Chief Operating Officer

Walsworth announced it has hired printing industry veteran Andy Billett as the company’s new Chief Operating Officer (COO). Billett will be replacing Walsworth’s current COO Jim Mead, who is retiring from the company in November and will be based out of Walsworth’s corporate office in Marceline, Missouri. Billett comes to Walsworth with 25-plus years of printing and senior leadership experience at Taylor Corporation, Custom Ink and Jostens. Once he began to explore the opportunity to join Walsworth, he said it was a perfect match. “Meeting Don Sr., Don, and the team at Marceline made me feel at home,” said Billett. “Walsworth reminded me of my days at Taylor Corporation – genuine, honest and sincere. The values and culture at Walsworth are very strong, and the Walsworths have a compelling growth strategy for the future. Discussing this strategy and my potential role, and how I can help the team achieve it, drew me in.”
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AF&PA Releases June 2024 Packaging Papers Monthly Report

Total packaging papers & specialty packaging shipments in June increased 7% compared to June 2023. They were up 10% when compared to the same six months of 2023. The operating rate for unbleached packaging papers was 82.9%, up 1.1 points from June 2023 and up 4.5 points year-to-date. Shipments of the biggest subgrade in bleached packaging papers – food wrapping – were 25,500 short tons for the month of June, up 6.3% from the same month last year and down 0.9% year-to-date.
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AF&PA Releases June 2024 Printing-Writing Monthly Report

According to the report, total printing-writing paper shipments increased 2% in June compared to June 2023. Total printing-writing paper inventory levels increased 3% when compared to May 2024. U.S. purchases of total printing-writing papers in May increased 9% compared to the same month last year. Individually, U.S. shipments in all 3 major P-W categories (UFS, CFS and MECH) increased in June compared to the same period last year. Uncoated Free Sheet shipments increased 1%, Coated Free Sheet shipments increased 4%, and Mechanical papers shipments increased 7%.
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Billerud Interim report January–June 2024

I am pleased with the result we were able to produce for the second quarter of 2024. We are back to net sales growth, our underlying profitability improved, both sequentially and versus the same period a year ago, and we delivered yet again a solid cash conversion for the quarter. Demand for our products improved during the quarter, partly due to supply and logistics disturbances within our industry that worked in our favor. This helps us in the short to medium term, but end consumer demand has not strengthened significantly over the past months. We remain cautiously optimistic going forward about gradually improved market conditions. We have adopted an agile mentality to adjust to fast-changing market conditions, which we consider to be the new normal.
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Adestor by Lecta optimizes service for customers in Central and Northern Europe with its new self-adhesive converting plant in Germany

Strategically located in Aschaffenburg, the facility has a surface area of more than 4,000 m² for facestock, adhesives and liners. Barely months after opening, intensive work is underway at the new Adestor by Lecta converting plant in Germany to deliver orders for the full range of self-adhesive materials produced by the company with optimal efficiency. Its location in Aschaffenburg, in the state of Bavaria, means that nearly all the major cities of Central Europe, including Berlin, Munich, Paris, Amsterdam and Prague, lie within a 500-kilometer radius. Its proximity to Frankfurt is another asset.
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Mondi secures 11 wins in Crescents and Stars for Packaging competition

Mondi, a global leader in sustainable packaging and paper, has been recognised with multiple awards at this year’s Crescents and Stars for Packaging competition in Türkiye. These accolades affirm Mondi’s position as a leading packaging solutions provider that meet customer needs while simultaneously pushing the boundaries of sustainability and design. "Each of our award-winning products reflects our strategy to integrate customer feedback into our design process, ensuring that we address both the practical and environmental challenges our clients face. This recognition fuels our drive to continue innovating and leading the industry towards more sustainable and effective packaging solutions," added Armand Schoonbrood, COO Mondi Corrugated Solutions.
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Forging a Sustainable Path: UPM Raflatac and Sustana Join Forces to Drive Circular Solutions

In a world where sustainability is not just a buzzword but a pressing need, companies are increasingly looking for innovative ways to reduce their environmental footprint and drive positive change within their industries. Two such trailblazers, UPM Raflatac and Sustana, have joined hands in a concerted effort to revolutionize the way release liner waste is handled, thus catalyzing the transition towards a circular economy. Release liner, often overlooked and dismissed as unrecyclable due to its silicone coating, is a prime example of an underutilized resource. However, through collaborative efforts spearheaded by UPM Raflatac and Sustana, this perception is being challenged. Michael Garretson, Manager of Recycling and Circular Solutions at UPM Raflatac Americas, emphasizes, "Many people don’t realize that there are recycling options for label release liner. There are. It’s just a function of putting the pieces together. That’s what we’re doing here." Sustana's innovative technology plays a pivotal role in this process, enabling the desiliconization of release liner and transforming it into clean, high-grade fiber and papers. This forward-thinking approach not only diverts release liner from landfills but also unlocks its potential as a valuable feedstock.
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Berry Helps Wells Create Widely Recyclable Blue Bunny Twist Pints

Global packaging leader, Berry Global Group, Inc.., worked with U.S.-based ice cream manufacturer, Wells Enterprises, Inc., to expand its Twist Cones frozen treat line into single-serve, freezer-grade Twist pints for Blue Bunny. The new pints, which offer a new twist on soft serve, are currently available at retailers across the U.S., including Walmart, Kroger, Food Lion, Albertson’s, Safeway, and Publix. Made with widely recyclable polypropylene (PP) and a high-density polyethylene (HDPE) lid, the new Twist pints improve the recyclability of traditional ice-cream packaging, which is generally made of plastic-lined, paper board. The pints are also designed for nestability during transportation and storage, minimizing wasted space during transportation. This helps optimize supply chain efficiency and lessen the need for truckload shipments. “Berry is an excellent partner for Wells. They understand our need for innovative, sustainable packaging and have worked closely with us to develop it,” explained Julee Zugel, Director of Strategic Sourcing. “We appreciate how engaged they are with our team to understand new opportunities in the packaging arena. They are innovative, forward thinking and an example of how a partnership should work.”
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June 2024: Summer Boost: Rising Consumer Engagement

The apparel sector shows strong demand compared to other industries experiencing subdued or stable demand. Despite this, all sectors saw increased consumer engagement in June. The rise in website sessions, alongside flat demand, indicates heightened consumer interest. However, fewer orders may reflect economic uncertainties despite a 3.38% increase in average order values from the previous year, suggesting cautious consumer spending. Businesses should adopt strategies to capitalize on consumer engagement while navigating economic challenges for sustained growth. Economists anticipate a slowdown and speculate on potential Federal Reserve interest rate cuts by September. The upcoming 2024 presidential election introduces financial and investment uncertainties, with J.P. Morgan Wealth Management discussing these implications and emphasizing sector-specific impacts like finance and healthcare. Despite short-term market volatility, the long-term effects of elections on markets and the economy remain unpredictable, urging investors to maintain a stable, long-term financial strategy.
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‘UltraRunning’ Magazine Acquired By Steep Life Media (mediapost.com)

Steep Life Media, LLC, a family-owned publishing company based in Phoenix, Arizona, has acquired UltraRunning Magazine, effective immediately. UltraRunning publishes eight issues per year. Steep Life’s first will be the September 2024 edition. Founded in 1981, Ultrarunning was owned by UltraRunning Media Group, LLC, which is headed by Karl Hoagland and based in Bend, Oregon.
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Religion Print Sales Up 12% in First Half of 2024 (publishersweekly.com)

More evidence has come in that points to 2024 being a very good year for sales of religion books. For the first half of 2024, unit sales of print religious book rose 12.1% over the comparable period in 2023 at outlets that report to Circana BookScan. The gain came entirely from nonfiction titles, which rose 12.8% offsetting a 5% decline in the much smaller fiction category. Religion was the best performing category among all adult nonfiction subject areas in the first half of the year, and sales easily outperformed total print sales in the first six months of 2024, which were down 0.4% from a year ago.
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Sun Chemical Implements a Pigment Related Price Increase on Inks in EMEA Packaging and Graphics

Sun Chemical will increase prices across a broad portfolio of its inks in Europe, the Middle East and Africa (EMEA), effective immediately. The supply chains of colour and white pigments have severely been impacted by diverse challenges in recent months, including cases of disruption, shortage, insolvency, anti-dumping import tax, as well as further increasing sea freight rates from Asia. These factors have been driving up the cost of Sun Chemical’s ink products, encompassing both colour and white inks. “The pressure across the supply chain is causing significant rise in inks raw material costs and unfortunately requires us to increase prices,” said Mehran Yazdani, President, Global Packaging and Advanced Materials, Sun Chemical. “We will continue to work with our sourcing partners to manage and minimise the impact on our customers.”
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GreenFirst Announces Appointment of New CFO

GreenFirst Forest Products Inc. announces the hiring of Mr. Peter Ferrante as its new Chief Financial Officer. Mr. Ferrante will be assuming the role on August 14, 2024, following GreenFirst’s second quarter earnings call. With over 25 years of finance and business experience, Peter has held a variety of senior roles across both publicly listed and private companies, across diverse industries including manufacturing, leasing and retail, overseeing all facets of accounting, financial management, corporate governance and M&A. Peter is currently the Chief Financial Officer of a Canadian national chain of retail stores. “We are delighted to have a Chief Financial Officer of Peter’s calibre joining GreenFirst. Peter’s success and experience, in particular his financial expertise and his outstanding leadership qualities, are a great addition to our executive team and will be a key driver of the Company’s future.”, said Joël Fournier, CEO, GreenFirst.
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Sappi Europe achieves major milestone in its sustainability journey by reducing the carbon footprint of its Galerie range by 55%

In 2023, Sappi Europe’s Kirkniemi Mill in Lohja, Finland successfully transitioned to renewable biomass energy, reducing its Scope 1 emissions, direct emissions from Sappi’s own operations, by 90%. Building on the significant investment made to Kirkniemi’s energy systems, clean electricity is now also being supplied to the mill, eliminating scope 2, indirect emissions. These efforts have led to a 55% overall reduction in the carbon footprint of Sappi’s Galerie paper range, which is estimated to reach a remarkable 70% by the end of the year. This transformation is among nearly 80 projects outlined in Sappi Europe’s decarbonisation roadmap, a blueprint that will see the company’s energy-related sustainability targets through to 2025. This also closely aligns with Sappi’s science-based targets for 2030.
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Solenis Acquires Predictive Food Safety Solutions, Expanding Food and Beverage Offering

Solenis, a leading global producer of specialty chemicals, has acquired all of the membership units of Predictive Food Safety Solutions, LLC., effective July 15, 2024. Headquartered in Lawrenceville, Ga, Predictive Food Safety Solutions (PFS) is a manufacturer and distributor of high-grade antimicrobial, wastewater, sanitation, industrial lubricant and feed additive chemicals for the poultry industry. Offering comprehensive solutions across all stages of poultry processing, PFS technology delivers improved antimicrobial efficiency while reducing the total cost of operation. The company’s proprietary technology, unique algorithms, chemical quality and focus on consistency help to prevent and control the spread of bacteria and disease in poultry processing, which can otherwise lead to significant economic losses and potential threat to human health.
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June online retail sales growth spikes as total sales remain stagnant (digitalcommerce360.com)

Online retail sales grew more than five times faster in June than total sales, according to data from the National Retail Federation’s Retail Monitor and CNBC. And while online and total retail sales both grew in June — year over year as well as month over month — consumers are still prioritizing non-discretionary purchases in the face of high interest rates and lingering inflation, said NRF president and CEO Matthew Shay. “Inflation has dropped to nearly zero for goods, but remains persistent with services, and solid economic fundamentals are helping consumers make ends meet,” Shay said.
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Sustainable Adhesives: Sugra Project Researches Environmentally Friendly Solutions For The Packaging Industry

“Adhesives are indispensable in packaging production: they reduce material requirements and enable lighter packaging, which is in line with the objectives of the new Packaging and Packaging Waste Regulation (PPWR). Although adhesives only make up a small proportion of total packaging, they have a significant impact on recycling processes, paper production and the CO2 footprint. The Sugra (“Sustainable Gluing with Renewable Adhesives”) project is dedicated to this topic: it is developing adhesives based on renewable raw materials that protect the recycling process and reduce the CO2 footprint. These adhesives meet the requirements of modern production techniques and promote sustainable production without compromising performance. The basis of adhesives is starch: this natural raw material is already used intensively in natural and modified form. Starch plays a particularly important role in paper production and processing, as it increases the strength of paper and refines its surfaces. In corrugated cardboard production, starch is used to bond the layers together.
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$99 million Belmark facility to bring over 150 jobs to Allen County

Based in Wisconsin, Belmark is a global industrial leader in packaging and labeling. The new flexible packaging plant in Allen County will mark their second expansion out of their home state and will add over 150 new jobs to the Allen Springs Industrial Park. “This is gonna catch those people that, as I said, are leaving Allen County to go to work in Bowling Green and Franklin and down in Tennessee. This is going to catch some of those people and allow them to stay right here in Allen County and work and provide for their families,” said Allen County judge-executive Dennis Harper. Throughout the ceremony, representatives of Belmark shared their insight into why Allen County was chosen for the expansion. Citing the small town’s charm and potential for economic growth, CEO Karl Schmidt and plant manager Jeff LeCaptain say that Allen County and Scottsville are welcoming community partners for the manufacturing center.
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Allied Media Triples Output with New Speedmaster CX 104 from HEIDELBERG

Allied Media, a small, family-owned company located in Fenton, Michigan, recently installed a new Speedmaster CX 104 from HEIDELBERG. The CX 104 is the first new press for Allied, who has historically invested in used presses. In just a few months, the press has significantly improved the company’s production metrics and increased throughput three-fold. Allied, known for its fast, dependable addressing and mailing department, services a nationwide customer base – ranging from political and union organizations to large automakers and small local businesses. “Our excellence in the printing industry has been hard earned and well maintained for almost thirty years,” said Randy Rockman, President of Allied. “Our turnaround time and delivery to USPS is unmatched as is our dedication to our customers.”
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Your Questions Answered on the PPWR: Plastic Packaging Recyclability and Labeling Impacts

Our recent webinar, "Navigating the PPWR Transformation: Plastic Packaging Recyclability and Labeling Impacts", shed light on the evolving landscape of packaging recyclability regulations and their implications. As businesses prepare for the upcoming changes under the Packaging and Packaging Waste Regulation (PPWR), understanding the legislation and timelines is essential for staying ahead. While specific details are still being finalized, the overarching direction is clear, enabling companies to plan and adapt their strategies. We received active participation and various questions during the webinar, which we are addressing in this article in a question-and-answer format.
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Publishers Have Been Hit By Postal Rate Hikes Of 47.8% Since 2021: News/Media Alliance (mediapost.com)

The U.S. Postal Service is harming both publishers and itself with its current ratemaking process, the News/Media Alliance (NMA) charges in a letter to the Postal Rate Commission. “While the Postal Service incurs record losses, Periodicals mailers have been forced to make difficult business decisions ranging from cutting staff to shuttering titles and closing their doors, all of which ultimately harms our society,” the letter states. Since 2021, the USPS has raised periodical rates “generally twice a year by a cumulative total of 47.8 percent,” the NMA writes. “During that time, the portion of those increases due to the additional rate authorities have exceeded the rate of inflation by more than 150 percent.”
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New FSC Forest Stewardship Standard for Peru

FSC is pleased to announce the official publication of the new FSC Forest Stewardship Standard for Peru, which covers all categories of Management Units in natural forests and plantations, including small and low intensity managed forests, as well as Non-Timber Forest Products. This standard, effective October 15, 2024, not only focuses on productive management, but also encompasses conservation management and forest restoration. Peru, being a country rich in natural forests, has a territory where almost 60% is covered by forests (Ministry of Environment (MINAM), 2024), covering a total area of 82,543,385 hectares as of 2019. These forests include Amazonian forests (94.2%), dry forests (4.7%) and Andean forests (1.1%), with a diversity of 42 types of forests on the coast, highlands and jungle, each with its own unique richness. These ecosystems are fundamental to Peru and the world, providing invaluable benefits such as natural resources, water and food, as well as playing a crucial role in stabilizing the climate and environment. They are also the home and livelihood of indigenous communities, representing a great potential for the development of sustainable productive initiatives that generate well-being for the people who live in them.
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Pactiv Evergreen Inc. Announces Definitive Agreement to Sell Pine Bluff Paper Mill and Waynesville Extrusion Facility to Suzano SA

Pactiv Evergreen Inc. announced that it has signed a definitive agreement to sell its Pine Bluff, Arkansas, paper mill and Waynesville, North Carolina, extrusion facility, to global paper and pulp producer Suzano S.A.for $110 million in cash, subject to customary adjustments for closing amounts such as working capital. Suzano has agreed to offer employment to current employees at Pine Bluff and Waynesville. Pine Bluff produces liquid packaging board and cupstock used to make fresh beverage cartons, paper cups and other fiber-based food and beverage packaging. Waynesville provides incremental extrusion capacity for the board produced at Pine Bluff. Pactiv Evergreen and Suzano have also agreed to enter into a long-term supply arrangement at the closing of the Transaction pursuant to which Suzano would use Pine Bluff and Waynesville to supply liquid packaging board to Pactiv Evergreen’s converting business. “The sale of Pine Bluff and Waynesville concludes the strategic alternatives review process,” said Michael King, President and Chief Executive Officer of Pactiv Evergreen. “This Transaction is consistent with our disciplined focus on value creation, and we expect it to reduce the capital intensity of our business, improve our cash flow profile and further strengthen our balance sheet.”
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HEINZEL GROUP announces closure of Raubling Papier GmbH

HEINZEL GROUP has made the difficult decision to close its subsidiary, Raubling Papier GmbH, in Germany, due to persistently difficult market conditions and challenging economic circumstances. This decision follows comprehensive discussions with the local works council, resulting in a successfully concluded social plan. More than half of the affected employees have already secured new employment, reflecting the effectiveness of the company’s transition support efforts. With the closure process now focused on the sale of assets, HEINZEL GROUP is moving forward with the disposition of machinery and equipment. Andreas Sailer, CEO of Raubling Papier, stated: "We are encouraged by the rapid transition of many of our employees to new positions and are now concentrating on the sale of Raubling Papier's assets. This includes a range of high-quality machinery and equipment. Interested parties are invited to engage with us promptly as we navigate this phase."
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Survey shows perception of cost as the main barrier to overcome in sustainable packaging

One of the leading renewable biomaterials suppliers, UPM, has unveiled the latest findings from a highly targeted survey of some of the world’s leading packaging designers. The survey, conducted in collaboration with the Pentawards, has revealed unique insights into sustainable packaging design, including some of the key challenges faced by designers, with UPM highlighting how these can be overcome. The survey results show that while the majority (47%) of the designer respondents feel extremely comfortable handling briefs that include sustainability requirements, 43% of packaging designers would prefer more direction or information to feel fully comfortable when dealing with these briefs. This highlights a need for further education on how to incorporate sustainability into packaging design, with most respondents (35%) suggesting material guides would be the most beneficial. Further findings reveal that 57% of the designer respondents believe they always or often have the opportunity to impact the material choice of a product. However, 20% say they seldom do, and 17% almost never, which suggests some clients may not have yet realised the value of exploring alternative and more sustainable packaging solutions.
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‘The New York Times’ Tries AI’s Headline-Writing Capability: Report (mediapost.com)

The New York Times -- which is fighting OpenAI and Microsoft in court, attempting to block use of its content for training models -- is not beyond testing AI to write headlines and enforce its style guide, according to The Intercept. The Times has developed a tool that would use OpenAI to perform those tasks, The Intercept continues. A Times spokesperson acknowledged the effort, but said it was temporary.
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Canada Publishers Demand Reversal Of ‘Junk Mail’ Provision

U.S. publishers are not alone in experiencing problems with their postal system. Their neighbors to the north are also unhappy with theirs — for different reasons. A coalition of Canadian news publishers is demanding that Canada Post reverse a decision that would allow consumers to opt out of receiving community newspapers with commercial inserts. These are now seen as junk mail, thanks to the ending of an exemption from Canada Post’s Consumers’ Choice program. As of January 8, 2024, community newspapers with commercial inserts were no longer exempt from Canada Post’s Consumers’ Choice program, which allows Canadians to opt out of receiving ‘junk mail.’
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Postmedia Reports Third Quarter Results

“With over 85% of all digital advertising being allocated to foreign platforms, the entire Canadian media sector remains significantly distressed. Yet Canadians’ appetite for trusted journalism has never been higher,” said Andrew MacLeod, President and CEO. “Initiatives like the Journalism Tax Credit and bill C18 implemented by the Federal government are providing critical support. Ultimately our industry’s future will be determined by Canadian media companies’ ability to capture a greater share of the market and so we applaud the Ontario government for their commitment to spending 25% of their advertising dollars on Ontarian media platforms.” Revenue for the quarter was $100.8 million as compared to $111.2 million in the same period in the prior year, representing a decrease of $10.4 million (9.3%). The revenue decrease was primarily due to decreases in advertising revenue of $6.5 million (12.0%) circulation revenue of $3.4 million (9.4%) and other revenue of $1.6 million (16.6%), partially offset by increases in parcel revenue of $1.2 million (10.8%). Net loss in the quarter ended May 31, 2024 was $15.9 million, as compared to a net loss of $24.8 million in the same period in the prior year.
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Novolex Releases Sixth Annual Sustainability Report

The report, published in accordance with the global reporting initiative, details several notable advancements, including: Expanding the Circularity of Products: In 2023, applicable Novolex revenues from products that were recyclable, compostable, or reusable grew to an 84% share compared to 78% in 2022. The increase reflects ongoing efforts across the Novolex portfolio to develop products that can be diverted from landfill after use. Progress towards its 30% Reduction by 2030 Greenhouse Gas Target: In 2023, Novolex reduced GHG emissions by 23%, continuing to make progress towards its goal of a 30% reduction in emissions per ton of production by 2030. Novolex GHG data are assured by a third party in accordance with the terms of the company’s sustainability-linked financing. Growing Recycled Content: Across Novolex businesses and products that use paper, Novolex increased its utilization of post-consumer recycled paper to 52% in 2023 compared to 49% in 2022.
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Green Bay Packaging to invest in downstream box facility

Green Bay Packaging of Green Bay, Wisconsin, has announced it is expanding manufacturing space at its Great Lakes Packaging Division facility in Germantown, Wisconsin, with the addition of a new building. The company held a groundbreaking ceremony at the location in early July. On its website, GBP describes its Germantown Great Lakes Division as a provider of corrugated containers, point of purchase displays, wood/foam specialty packaging and contract packaging and fulfillment services. While the facility does not convert recovered paper into new paperboard, it engages in downstream functions for GBP corrugated materials, including those made at its recycled-content mill in Green Bay, in which it invested $500 million earlier this decade. The mill consumes old corrugated containers (OCC), mixed paper and other recovered paper grades. The new downstream facility will consist of 270,000 square feet of manufacturing space “for increased capabilities and streamlined operations,” says GBP. Equipment within the facility will include a rotary die cutting (RDC) machine, a laminator and a specialty folder-gluer.
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Norske Skog: Positive market development

Norske Skog’s EBITDA in the second quarter of 2024 was NOK 471 million, an increase from NOK 76 million in the first quarter of 2024. The second quarter EBITDA was positively impacted by insurance at Norske Skog Saugbrugs of NOK 338 million. Despite signs of positive developments in the publication and containerboard markets, closures are still required. The process to deliver a main study on the BCTMP-production project (bleached chemi-thermomechanical pulp) at Saugbrugs has started. Cash flow from operations was NOK 299 million in the quarter compared to NOK -69 million in the previous quarter. The second quarter cash flow was positively influenced by somewhat higher sales prices and -volumes, and a decrease in working capital due CO2 related proceeds. Operating earnings in the second quarter of 2024 were NOK 364 million compared to operating earnings in the first quarter of 2024 of NOK -177 million. The operating earnings in the quarter were affected by insurance at Norske Skog Saugbrugs of NOK 338 million, non-cash changes in fair value of energy contracts in Norway amounting to NOK 44 million and depreciation of NOK 128 million. Profit before tax in the quarter was NOK 311 million compared to loss before tax of NOK -382 million in the previous quarter.
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Solenis Marks 10-Year Anniversary, Updates Brand Identity

Solenis, a leading producer of specialty chemicals, marked its 10th anniversary by launching a new brand identity. Updated brand elements reflect the company’s continued growth and vision while establishing a cohesive look for its growing global portfolio, which includes Diversey, a leading brand for hygiene, infection prevention and cleaning products and technology. “This bold new look heralds the next era in our progression,” said John Panichella, CEO. “Just ten years ago, we launched Solenis from our legacy brand, Ashland Water Technologies. Now, we stand strong as a diversified, worldwide brand forging a path that leads customers to achieve their operational and sustainability goals.” The company’s evolution is firmly rooted in more than 100 years of solving complex operational and sustainability challenges. Solenis legacy brands include Ashland, Drew and Hercules among others.
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Lane Press Installs Second New Osako Tener Saddle Stitch System to Complete Upgrade

Lane Press announced that it has installed a second new Osako saddle stitch binding system within three months. This completes the company’s upgrade to its saddle stitch capabilities. Installation of this Osako Tener Alpha Saddle Stitcher has been completed, and the unit is fully operational. Like the first Osako Tener Alpha, this state-of-the-art binder is rated to produce 12,500 books per hour and includes automation capabilities that reduce setup and make-ready times. This Osako will replace an existing saddle stitcher, such that Lane’s bindery will boast four high-speed saddle stitch binders and two perfect binding lines. Lane’s configuration of this binder will include one cover feeder, six pocket feeders, 4th & 5th knife trimmers, high-speed addressing, and full automation feeding capabilities. The stitcher is capable of handling a wide range of piece sizes and thicknesses, including tabloid and digest format, oversized blow-ins, envelopes, cards, and light basis weight stocks.
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Costco Wholesale Corporation Reports June Sales Results

Costco Wholesale Corporation reported net sales of $24.48 billion for the retail month of June, the five weeks ended July 7, 2024, an increase of 7.4 percent from $22.78 billion last year. Net sales for the first 44 weeks were $210.55 billion, an increase of 6.9 percent from $196.93 billion last year. The Company also announced that, effective September 1, 2024, it will increase annual membership fees by $5 for U.S. and Canada Gold Star (individual), Business, and Business add-on members. With this increase, all U.S. and Canada Gold Star, Business and Business add-on members will pay an annual fee of $65. Also effective September 1, annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130 (Primary membership of $65, plus the Executive upgrade of $65), and the maximum annual 2% Reward associated with the Executive Membership will increase from $1,000 to $1,250. The fee increases will impact around 52 million memberships, a little over half of which are Executive.
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Wiley Appoints Matthew Kissner as President and CEO

Wiley announced that its Board of Directors has appointed Matthew Kissner as president and CEO, following a successful interim period. “Over the past nine months, Matt has made great progress improving our organization, accelerating our value creation plans, driving strong momentum in our core, and rallying around new AI opportunities,” said Jesse Wiley, chair of the board. “As an experienced C-suite operator and Wiley veteran, he brings a deep understanding of our markets, customers, operations, financials, and people – all of which has been evident in our material progress.” Wiley continued: “After a formal process that included a global search, the Board has concluded that Matt is the right person to lead Wiley through the next phase of our journey as a knowledge solutions company. We look forward to working alongside him to continue our momentum and deliver significant value for our stakeholders, including shareholders, customers, and colleagues.”
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Christian Jünger Named CEO Of Penguin Random House Verlagsgruppe

Christian Jünger is to become the new Chairman of the Management Board/CEO of the German Penguin Random House Verlagsgruppe. As Nihar Malaviya, CEO of Penguin Random House, announced yesterday, Jünger will take up his new position on October 1. Jünger succeeds Thomas Rathnow, who stepped down from the role in April after resigning for personal reasons. Penguin Random House Verlagsgruppe has since been managed on an interim basis by Britta Egetemeier and Thomas Pichler. In his new role, Jünger will lead Verlagsgruppe’s strategy to drive its future growth and consolidate its position as leading German-language publisher. As CEO of Verlagsgruppe, he will report to Nihar Malaviya and will sit on Penguin Random House’s Global Executive Committee. Christian Jünger will join Penguin Random House Verlagsgruppe from Rowohlt Verlag, where he has supervised Sales, Purchasing/Manufacturing, Controlling, Rights and Licenses, IT, and HR as Managing Director since 2021. Previously, he gained significant experience in the retail book sector at Amazon Germany, where he most recently served as Head of Vendor Management Books, managing the business with specialist and foreign-language books, calendars, and wholesalers.
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DS Smith installs state-of-the-art Nozomi 14000 AQ single-pass water-based printer

The new printing technology has been installed at our Torrelavit packaging facility in Spain and pioneered by Electronics for Imaging (EFI). The single-pass Nozomi 14000 AQ is designed to create high-resolution printing with water-based ink. The new printer is set up to print directly onto corrugated cardboard using specific ink quantities for each production. It is one of the most advanced high-speed printing solutions in the marketplace and at 1.4 metres wide is providing DS Smith customers in the Iberian region with reduced lead times and less waste, in contrast to analogue production techniques. In addition, the newly installed printer will allow DS Smith customers to create multiple design versions and variations in a single production run without compromising on the quality of their final sustainable packaging products and solutions.
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Stora Enso signs EUR 435 million funding agreement with European Investment Bank

Stora Enso has signed a new EUR 435 million bilateral loan with the European Investment Bank (EIB) to support the its growth in renewable, fiber-based consumer packaging board. Stora Enso’s EUR 1 billion investment in its Oulu mill in Finland is being financed, in part, by a new long-term bilateral loan. The loan features an amortising structure, with the final repayment anticipated in 2036, effectively lengthening the Group’s debt maturity profile. The mill, which is expected to begin operations with a novel, converted consumer board production line in the first half of 2025, will be one of the most modern and cost-efficient production sites for packaging materials in Europe. “The investment in Oulu supports our growth strategy in renewable, circular packaging by providing new volume for the growing packaging segment. The wood fiber is sourced from sustainably managed forests in the Nordics, and the boards are designed to replace plastics in food and personal care packaging,” says Hannu Kasurinen, Executive Vice President, Packaging Materials Division.
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Ensuring Excellence Through Rigorous Quality Control Processes

At Royle Printing, we take pride in our attention to detail and our commitment to delivering high-quality print products. Our comprehensive quality control processes are designed to ensure that every piece that leaves our facility meets the highest standards of excellence. Here's an inside look at how we maintain our reputation for superior print quality. Press Quality Control Processes - Our press start-ups begin with clearly defined targets for density, mid-tone dot gain, and print contrast/color. Bindery Quality Control Processes - In the bindery, we maintain stringent quality control measures managed by experienced operators and managers. At Royle Printing, our quality control processes are not just about maintaining standards—they are about setting them. From press to bindery, every step is meticulously monitored and controlled to ensure that the final product exceeds our clients' expectations.
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Paper Excellence Canada Voted One Of Corporate Knights’ Best 50 Corporate Citizens

Paper Excellence Canada has once again been voted one of Canada’s Best 50 Corporate Citizens by Corporate Knights.* Paper Excellence Canada operates mills in British Columbia and Saskatchewan, and is a diversified manufacturer of pulp and paper – including printing and writing, packaging and specialty papers. The Best 50 award is judged using key performance indicators that relate to the organization’s raw resource use, emissions profile, social performance, safety performance and percentage of revenue from clean sources. “It was an honour to accept the Corporate Knights’ Best 50 Corporate Citizens this year,” said David Marshall, Director, Sustainability – Governance, Strategy & Risk Management. “Paper Excellence Canada’s recently published sustainability report, New Horizons: 2023 Sustainability Report, demonstrates our commitment to transparent reporting, and the milestones we continue to achieve to make the Best 50 list.”
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Carbon Balanced Print Program Grows to 78 Member Companies

Sustainability is no longer just an option in today’s world – it's a necessity. As a result, a growing number of companies in the printing industry are taking significant strides to reduce their carbon footprint. One initiative leading this change is the Carbon Balanced Paper and Print program designed to offset carbon emissions of printing operations through the conservation efforts of World Land Trust (WLT). Globally, 78 printing companies have now carbon balanced their annual greenhouse gas emissions via the Carbon Balanced program. The program has been particularly successful in the UK and Ireland where 77 printers have signed up. The North American program, launched in late 2023, is gaining traction with the addition of its first printer, Hudson Printing from Salt Lake City. “Taking responsibility for our carbon impact was the natural next step, and we are thrilled to be part of the new Carbon Balanced Printer program in North America. Sustainability is important to the people at Hudson and important to our customers. While we work to reduce our carbon impact, we are delighted that our offset commitment supports the conservation efforts of World Land Trust,” says CEO and owner Paul Hudson.
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Google Researchers Warn AI Could Prompt ‘Distrust’ Of Information In Ads, Content (mediapost.com)

Google researchers warn in a report that "mass production of low quality, spam-like and nefarious synthetic content" created by AI may promote distrust of all digital information. The paper presents tactics in generative AI (GAI) misuse. The researchers observed and analyzed approximately 200 incidents of misuse reported between January 2023 and March 2024. The group identifies patterns such as potential motivations, strategies, and how attackers leverage and abuse system capabilities across images, text, audio, and video.
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Pregis Achieves Significant Milestones in 2023 Sustainability Report

Pregis® published its 2023 Sustainability Report highlighting its commitment to minimizing environmental impacts. The report details actions and results achieved in 2023, significantly advancing the company’s progress toward its 2K30 objectives. These goals are an extension of the Pregis Purpose to Protect, Preserve and Inspyre, which serve as the cornerstones of the company’s value system. Here are a few highlights from the 2023 Report: *Achieved 51% of revenues from products that are paper-based, bio-based, or made from a minimum of 30% recycled content *Achieved an 86% reduction in operational emissions intensity (scopes 1 and 2), surpassing the 25% reduction goal seven years ahead of schedule *Diverted 91% of its waste from landfill and incineration *Saved 748,806 trees from harvest through the Pregis EasyPack® 100% recycled paper portfolio *Attained International Sustainability and Carbon Certification (ISCC) PLUS certification for four facilities *Delivered over 450 hours of sustainability training to employees and 560 hours to customers
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Sappi awarded highest sustainability level by EcoVadis for six consecutive years

Sappi has again achieved the highest platinum level in EcoVadis’ sustainability rating across all three of its manufacturing regions – Europe, North America, and South Africa. In line with Sappi’s business strategy, the organisation has consistently focused on its priority SDGs and collaborated with all its stakeholders to deliver measurable and tangible progress. Sappi, a leading global provider of everyday materials made from woodfibre-based renewable resources, has again achieved Platinum, the highest rating in EcoVadis’ sustainability assessment across all three of its manufacturing regions – Europe, North America, and South Africa. Sappi continues to be among the top 1% of the companies worldwide rated by EcoVadis in the manufacture of pulp, paper and paperboard category. In 2018-2019, Sappi received EcoVadis gold medal, which was the highest level until the Platinum category was introduced in 2020. Sappi’s global business strategy focuses on growing its business, enhancing trust, and driving collaboration and innovation as a sustainable, diversified global woodfibre group.
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With Fantasy on Fire, Print Book Sales Are Catching Up to 2023 (publishersweekly.com)

Books by Sarah J. Maas and Rebecca Yarros, among the bestselling books of 2024 so far, sparked a huge increase in the adult fantasy category and helped keep print sales roughly flat with the first half of 2023. Spurred by huge gains in the adult fantasy genre, unit sales of print books rose 1.1% in the second quarter of 2024 over the comparable period in 2023 at outlets that report to Circana BookScan. The second quarter increase was nearly enough to offset the 1.7% decline in the first quarter, putting unit sales down only 0.4% in the first half of the year.
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FSC and Esri strengthen partnership for innovation

The Forest Stewardship Council (FSC) is pleased to announce its renewed partnership with world geospatial company, Esri. This is the third year of a large-scale collaboration aimed at integrating cutting-edge technology to advance global sustainable forest management. FSC has tapped into Esri’s in-kind support to bolster efforts to build out a comprehensive map of certified forests worldwide. In addition to increasing technological access for forest managers, it has enhanced monitoring of deforestation. “If you can’t map the forest, you can’t measure or track it,” says Scot McQueen, FSC’s Senior Technology Officer, who spearheaded the FSC-Esri partnership and recruited Esri to FSC’s Technology Consortium. Building on past successes, this ongoing collaboration will support FSC’s solutions for forest managers as they prepare to comply with the European Union Regulation on Deforestation-free Products (EUDR), set to take effect later this year. EUDR mandates comprehensive reporting requirements for forest-based products entering the market from late December 2024, including the need for geospatial data, traceability, and risk assessments.
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Public consultation: Austrian forest certification system

Stakeholders from around the world are invited to give feedback on the Austrian Forest Certification System. Deadline for comments is 6 September. Give your feedback. PEFC Austria revised the country’s national forest certification system to ensure its forest management standard is up-to-date and continues to meet stakeholder demands and expectations. The Austrian system was submitted to PEFC after being revised in line with PEFC requirements. The system is now undergoing the PEFC assessment process, carried out by an independent PEFC Registered Assessor. It must pass this assessment to maintain its PEFC endorsement. An important aspect of the assessment process is the public consultation. Over the sixty-day consultation, stakeholders from around the world can give their comments and provide feedback on any aspect of the system. The Registered Assessor will use the information received from this consultation in their assessment of the system.
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Deep Dive: Extended Producer Responsibility (EPR) Explained (Atlantic Packaging)

If you have an interest in packaging policy or sustainable packaging, you have likely heard the term “EPR” or “extended producer responsibility.” But what exactly is EPR, and how will it ultimately affect the types of packaging we use? In this Deep Dive, we will explore the current EPR landscape in the U.S. and what is likely to come over the next several years. A note of caution: this article is intended as a general overview of packaging EPR with some basic advice for companies trying to navigate the new legislative landscape. It should not be taken as legal advice, and we highly recommend that companies who think they are regulated “producers” seek legal counsel to better understand their responsibilities. Introduction to EPR - Extended Producer Responsibility, or EPR, refers to a policy approach that shifts the responsibility for waste management of a given product from consumers/taxpayers and municipalities onto the producers of that product. Typically, the main goal of EPR is to minimize the environmental externalities of a product’s end of life – that is, minimize the unintended consequence of what happens to a product when we’re done with it. EPR prompts a society to start thinking on a large scale about where products end up when we’re done with them and how we can better manage them. EPR regulations are not new to the U.S. and have been around for over a decade to manage products like e-waste, mattresses, paint, tires, batteries, etc. Let’s take the example of paint. “Producers,” meaning paint manufacturers, are typically responsible for the paint up until the point where you, the consumer, purchase it. But there are some unintended consequences that come when you’re done with that paint can that likely has extra paint in it. While most paint is actually recyclable, many people throw it away or pour it down the drain, which can contaminate the environment with hazardous chemicals. Ultimately, consumers/taxpayers and the environment pay the costs to deal with this result, and paint companies don’t have an incentive to fix it.
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Light-weight materials, efficient production – How technological innovation shapes the future of food packaging

New technologies are enabling lighter packaging materials and greater resource efficiency, cutting down emissions and increasing competitiveness for consumer packaging based on renewable materials. Here’s a look at the advanced technology being utilised at Stora Enso’s new Packaging Materials production line at the Oulu Mill, in northern Finland. How can high-quality consumer packaging materials from renewable fibers be made as efficiently and sustainably as possible? This is an area Stora Enso has worked on for decades. With the launch of its new consumer board production line at the Oulu Mill in 2025, the company is taking yet another leap in finding the most advanced technological solutions to ensure the perfect combination of quality and efficiency for its packaging materials customers. This time, the results will especially benefit customers in the food packaging industry, as the production line will be specialised for high-quality food and beverage packaging materials.
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Color Ink Celebrates 40 Years with Retro ‘Reunion’ (piworld.com)

Forty years in business is something to be celebrated. For Sussex, Wisconsin-based Color Ink, which is a third-generation family business, its 40th anniversary marked an opportunity for the company to celebrate its history and the people who helped the company grow, including past and present employees, clients, and vendors. We reached out to company president Todd Meissner to find out more about its 40-year celebration — called "The Reunion" — and why it's important to acknowledge and celebrate important milestones in a company's history. Printing Impressions (PI): Can you give a brief history of Color Ink? Meissner: Founded in 1984 by visionary Jim Meissner, Color Ink Printing Company has left an indelible mark on the Wisconsin printing landscape. What began as a modest venture has blossomed into a distinguished company known for its commitment to innovation, precision, and creative expression.
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Volpak and Lecta Test Eco-Friendly Paper-Based Packaging Materials

Volpak, a Coesia company, specialized in horizontal form-fill-seal solutions for the packaging industry, and Lecta, a premier European manufacturer and distributor of specialty papers, have embarked on a collaborative project aimed at testing and validating sustainable materials for packaging applications. The partnership between Volpak and Lecta originated from a shared commitment to innovation and sustainability. With the packaging industry moving towards more environmentally friendly solutions, it is essential for manufacturers to adapt and innovate. Lecta, with its expertise in specialty papers, recognized the importance of collaborating with Volpak to ensure that these new materials can be effectively utilized on existing packaging machinery. This collaboration aims to bridge the gap between material innovation and practical application, ensuring that eco-friendly papers meet the operational requirements of modern packaging lines.
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Smurfit Westrock Makes Its Debut in New York and London

Smurfit Westrock plc, a global leader in sustainable packaging, is pleased to announce its primary listing on the New York Stock Exchange (NYSE), under the ticker ‘SW,’ following the completion of the previously announced combination of Smurfit Kappa and WestRock on July 5, 2024. The company also has a standard listing on the London Stock Exchange (LSE) under the ticker ‘SWR’. Smurfit Westrock, operating in 40 countries and tapping into the expertise of over 100,000 people, has a unique and unrivaled ability to provide its customers with the most diverse, innovative and sustainable range of renewable and recyclable packaging solutions.
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Hood Container Corporation Announces Agreement to Purchase Louisville, KY based Independent II, LLC

Hood Container Corporation announced today that it has entered into an agreement to buy the packaging assets of Independent II in Louisville, KY. Independent II’s assets will complement Hood Container’s footprint and create greater converting capacity for Hood Container in the increasingly important Kentucky and Ohio region. The transaction is expected to close in the near future. Charlie Hodges, President and COO of Hood Container Corporation, commented, “Independent II adds impressive assets and capabilities to Hood Container’s current portfolio. Additionally, its location allows increased presence and growth in markets we currently serve. We are excited to add these capabilities to Hood’s offerings to better serve and care for Hood’s and I2’s existing and new customers.” Neil MacDonald, CEO of Independent II commended “I2’s team is excited to join the Hood Container family and looks forward to continuing the mission that I2 started 18 years ago to be the premier supplier of corrugated packaging in the greater Louisville area. We look forward to assisting Hood Container in reaching the full potential of I2’s state-of-the-art assets and in continuing to provide quality products and services to our customers.”
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Lecta commits to renewable gas and moves forward with its decarbonization plan

Lecta is pleased to announce an agreement with Naturgy, a multinational energy group, for the supply of renewable gas that will contribute to the decarbonization of its manufacturing activity. Biomethane gas, a renewable gas obtained from the treatment of different types of waste with properties similar to those of natural gas, will now be used as an energy source in Lecta's Spanish mills in Leitza (Navarra) and Zaragoza. The renewable gas supplied by Naturgy has certified guarantees of origin and sustainability tests that assure Lecta of the reduction of emissions derived from our industrial activity and the fulfillment of the sustainability commi​tments set in our 2030 Agenda. Lecta is firmly committed to sustainability, energy efficiency and decarbonization. This collaborative effort and commitment to the use of renewable energy is one more step the company has taken towards protecting the environment, combating climate change and promoting the circular economy.
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Meet Curby®: The Innovative Packaging That’s Both Recyclable and Reliable

In today's eco-conscious world, the pursuit of sustainable solutions permeates every aspect of our lives, including packaging. Enter Curby® – a revolutionary packaging solution that marries the principles of recyclability and reliability like never before. In this blog, we'll delve into what Curby is, why it's making waves in the packaging industry, and how it's reshaping the future of sustainable packaging. Curby represents a paradigm shift in packaging design. Unlike traditional packaging materials that often end up in landfills or pollute the environment, Curby is designed with curbside recyclability at its core. Made from innovative materials sourced from renewable resources, Curby is not only eco-friendly but also highly durable and reliable. The Features that Set Curby Apart: 1 - Recyclability: At the heart of Curby's design is its commitment to recyclability. IPG’s Curby packaging products are engineered with a focus on curbside recyclability, ensuring that they can be efficiently processed in existing recycling streams. 2 - Durability: IPG's Curby packaging solutions offer exceptional durability, providing reliable protection for a wide range of products. 3 - Versatility: IPG offers a diverse range of Curby packaging products tailored to meet the unique needs of different industries.
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Political Ad Spending Estimated To Climb To $10.7B: Analyst

A new 2023-2024 estimate projects political advertising revenues will rise to $10.7 billion -- up from an earlier estimate of $10.2 billion, according to AdImpact. This total would show 19% growth versus the 2019-2020 Presidential political advertising period, when political ad revenue totaled $9.02 billion. The advertising research company says this breaks down to broadcast platforms (local and national) estimated at $5.35 billion, with local cable TV systems at $1.93 billion, connected TV at $1.51 billion and digital media at $1.12 billion.
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Times Media Group Purchases California Titles From Century Group Media

Times Media Group has acquired the Record Gazette and Sun Lakes Life, from Century Group Media, effective June 30. The terms were not disclosed. Also included in the deal were Redlands Community News, Fontana Herald News and Yucaipa and Calimesa News Mirror, Record Gazette reports. The weekly publications serve the San Bernardino/Riverside area of California’s Inland Empire. Times Media Group is based in Tempe, Arizona.
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On the path to EUDR alignment: watch the webinar recording

The webinar focused on the advances we have made in aligning our sustainable forest management and chain of custody standards with EUDR requirements and looked at the vital data and integrity elements. Our PEFC experts Marta Martínez Pardo (Chain of Custody), Rob Shaw (Data and Integrity), Hubert Inhaizer (Sustainable Forest Management), and Maja Drca (EU Affairs) discussed PEFC's agile approach to aligning with EUDR guidelines by the end of the year. Marta introduced the PEFC EUDR Due Diligence System which is currently undergoing approval by the PEFC General Assembly and is expected to be finalised by late July. Rob discussed PEFC's strategy on data management. Hubert addressed the modification proposals to PEFC's Sustainable Forest Management standard, developed for harmonisation with EU frameworks like the EUDR.
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Colbert Packaging Invests in Longest RMGT Press Built in North America

Colbert Packaging Corporation­­ announces new printing capabilities for pharmaceutical, healthcare and consumer packaged goods manufacturers seeking a U.S. owned and operated supplier for paperboard packaging. Working with RM Machinery, Colbert announces the purchase of an RMGT 1060TP-LX 10-CC-LD+UV. The unique configuration of the press allows for multiple colors, coatings and cold foil enhancement inline. Jobs requiring multiple colors, coatings and cold foils are now able to be produced on this press. Various types of specialty coatings and enhancements can take two or three passes on a traditional printing press. This press accomplishes complex and unique graphics, resulting in elegant packaging solutions customers look for today—in one pass. The award-winning design of RMGT’s tandem perfector also provides the ability to print up to two colors on the inside of the carton, still in one pass through the press. This brings efficiency, convenience and potential cost savings to the project.
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ePac Flexible Packaging Sets Strategy for Continued Double-Digit Growth

ePac Flexible Packaging, founded in 2016 as the world’s first all-digital flexible packaging company, just turned 8 years old in May of this year. So it’s fair to ask: How is ePac doing with its disruptive business model? From 2016 through 2022 ePac consistently grew 50 -100% per year. In 2023 ePac’s growth slowed, but units produced still increased 30% over 2022 as new customer acquisition remained strong. Today, ePac is an international company with ~$200M in sales. In 2023, and still in 2024, the flexible packaging industry came under significant financial pressure caused by a myriad of factors including inflation, higher interest rates, supply chain issues, emergence from COVID 19, and the availability of capital. The industry, in general, saw top line sales decline and underlying costs increase. ePac responded with a reassessment of its strategy, and took several key steps to mitigate what was/is happening industry-wide.
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Unveiling FlexiBag Reinforced – Mondi’s cost-effective next generation of recyclable packaging

Mondi, a global leader in sustainable packaging and paper, is launching the latest addition to its popular portfolio of sustainable pre-made plastic bags - FlexiBag Reinforced: a range of innovative mono-PE-based, recyclable packaging solutions with improved mechanical properties. Contributing to a circular economy, the FlexiBag Reinforced range is recyclable where collection facilities and recycling systems for PE films are in place. The bags have been created in-house by Mondi, leveraging its integrated value chain. This means the solutions can be tailored to different customers’ specific needs more cost-effectively. Improved mechanical properties make the bag superior to previous versions – better puncture resistance, stiffness and sealability are guaranteed. The level of barrier protection can be adjusted, providing medium to high barriers against fat, oxygen and moisture while keeping the content fresh - making it ideal for the pet food industry. With FlexiBag Reinforced, Mondi proactively meets future regulative requirements: a customised percentage of post-consumer recycled (PCR) content can be added (based on mass-balance), significantly reducing the use of virgin plastics and promoting material efficiency by keeping materials in circulation.
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RafCycle: a circular solution for recycling label liner waste

Labels are an essential part of a packaging from food and beverage to cosmetics and pharmaceuticals, but labeling also generates waste. The label release liner, the thin layer of paper or plastic that protects the adhesive side of the label, is often discarded after use. That is why we have developed a circular solution called RafCycle™ by UPM Raflatac, a recycling service that allows our customers to turn their label liner waste into new raw materials. The service was first introduced in 2010 and has since grown to include over 440 partners worldwide. RafCycle holds a new certificate of validity from leading international assurance service provider, DEKRA. This certification validates the reliability of the CO2 impact assessments provided by RafCycle in Europe and the US. We collect the label liner waste from our customers and brand owners, arranging a pickup for the waste and handling its transformation into new products. The service helps our customers avoid incineration or landfill disposal methods, save costs and improve their brand image.
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ThriftBooks launches BuyBack program (chainstoreage.com)

One of the largest online book retailers is launching a new program for customers to sell their books and help promote sustainability. ThriftBooks Global’s new BuyBack program offers customers a convenient way to sell their books directly to ThriftBooks and earn extra money or store credit from the books collecting dust on their bookshelves. The ThriftBooks’ BuyBack program encourages sustainability, giving old books a second life. The e-tailer says it accepts high-demand books based on its inventory needs, provided the books are in good condition. Books must be clean, free from water damage and missing pages, with the spine intact, though showing some wear is acceptable.
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PRC Questions the Reliability of USPS Service Performance Measurement System

The Postal Regulatory Commission has opened an inquiry into the Postal Service’s internal Service Performance Measurement (SPM) system for Market Dominant mail products. The Commission’s goal in this proceeding is to address concerns that the SPM may not accurately represent customer experience in the current environment. The Commission intends to carefully examine how measurements reported by the SPM are derived and whether the SPM is currently producing accurate, reliable, and representative results as the law requires. If the Commission’s review reveals that the SPM is not producing accurate, reliable, and representative results, the Commission would identify changes to the SPM to align it with legal requirements.
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Postal Regulator Releases Report Evaluating USPS FY 2023 Performance Report and FY 2024 Performance Plan

The Commission’s in-depth analysis reviewed the Postal Service’s four performance goals: 1) High-Quality Service, 2) Excellent Customer Experience, 3) Safe Workplace and Engaged Workforce, and 4) Financial Health. Overall, in FY 2023, the Postal Service did not meet any of its performance goals. Specifically, *The Postal Service did not meet six of eight public performance indicators for the High-Quality Service performance goal, which measures on-time delivery of mail and packages. *The Postal Service did not meet three of the eight performance indicators for the Excellent Customer Experience performance goal, which measures customer satisfaction. *The Postal Service did not meet any of the performance indicators for the Safe Workplace and Engaged Workforce and Financial Health performance goals.
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Small Press Community Slowly Builds Back after SPD Failure (publishersweekly.com)

A little more than three months after Small Press Distribution abruptly closed, leaving some 400 independent presses without a trade distributor, publishers and distributors alike are moving forward even as damage assessment continues. Approximately 25% of the stranded publishers have found new distributors: Asterism Books has signed about 80 presses, Itasca Books has onboarded 21, and Independent Publishers Group has taken on 11. An informal deadline of June 30 had previously been set for publishers to remove their inventory from Ingram Content Group and Publisher Storage and Shipping warehouses, to which SPD had sent their books as part of a failed plan to reinvent the distributor. Pam Nuffer, director of sales and marketing for PSSC, said that about 75% of the publishers who have inventory with them have provided PSSC with instructions on where their inventory should be shipped, and that PSSC has already shipped out about half of the books.
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New FSC Interim Forest Stewardship Standard for Poland offers better protection for ecosystems and old-growth forests

A new standard for Poland updates guidance for forest management. It focuses on the protection of rare ecosystems and old-growth forests. Labour rights for forest workers will help to ensure social benefits for forest communities. Overall, the new standard seeks to keep Poland’s forests and all the resources they provide sustainable into the future. The standard becomes effective on 1 October 2024. About one third of Poland is forested, and just over 80 per cent of that is in public ownership. These forests are rich in biodiversity as well as being home to iconic species such as European bison, brown bear, lynx, and wolves. FSC certification has guided forest management in Poland for more than 25 years, but the FSC National Forest Management Standard needed to be brought up to date to reflect the FSC International Principles and Criteria.
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Public consultation: Thai forest certification system

Stakeholders from around the world are invited to give feedback on the Thai Forest Certification System. Deadline for comments is 31 August. Give your feedback. The Federation of Thai Industries (FTI) revised the country’s national forest certification system to ensure its forest management standard is up-to-date and continues to meet stakeholder demands and expectations. The revised system also includes a new standard for Trees outside Forests (TOF) certification. The Thai system was submitted to PEFC after being revised in line with PEFC requirements. The system is now undergoing the PEFC assessment process, carried out by an independent PEFC Registered Assessor. It must pass this assessment to maintain its PEFC endorsement.
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Sourcing, Producing & Recycling Paper Across the U.S.

For more than 30 years, Pratt has been sourcing, producing and recycling paper in the U.S. We are proud to have built six 100% recycled paper mills in America, taking recovered fiber from old corrugated containers and mixed paper materials and turning it into new rolls of paper. The feedstock for our 100% recycled paper mills largely comes from businesses and homes across the country. “We receive material from major metro areas east of Denver, Colorado,” says Shawn State, President of Pratt Recycling, Inc. This includes New York City, where our Staten Island Recycling facility receives post-consumer waste paper from all 5 boroughs. The recovered waste paper is picked up by the Department of Sanitation (DSNY) and delivered to Pratt daily by both barges and trucks. Other metro areas that we source fiber include: Atlanta, Charlotte, Chicago, Dallas, Denver, Detroit, Miami, Nashville and Orlando among many others.
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M13 Graphics to Install Landa S10P Nanographic Digital Press

M13 Graphics, a leading online printer, has chosen a Landa Digital Printing Nanographic Printing Press to take on production of the company’s large portfolio of print products, M13 and Landa announced. M13 serves as an online printer for tens of thousands of customers nationwide and has printed several billion impressions since its opening in 2002. Moving jobs to the Landa will allow M13 to offer higher commercial-level quality, options including unlimited paper choices and inline coating, and expanded applications such as EPID and variable. The new capabilities will strengthen M13’s existing, competitive advantages in quality, cost and turnaround times.
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GreenFirst Announces Plan to Spin-Out Kap Corporation

GreenFirst Forest Products Inc. announces that it intends to complete a spin-out transaction of Kap Corporation, whereby the shares of Kap will be held directly by the shareholders of the Company. The Spin-out is expected to be completed in Q4 2024. GreenFirst will hold a shareholder meeting on September 12, 2024, where shareholders will be able to vote on the Spin-out. The record date for shareholders entitled to vote at the Meeting will be August 8, 2024. The Spin-out of Kap is part of the natural progression of the decentralization and deconsolidation of the newsprint mill that was originally disclosed by GreenFirst in the Fall of 2023. The Spin-out will enable GreenFirst to focus on its core business of being a pure-play lumber producer, offering shareholders a stake in any future upside from the development of Kap. Under the new structure, Kap will be able to explore numerous possibilities that were not feasible under the original GreenFirst ownership structure. As a separate company, Kap will consider independent financing alternatives and partnerships in the future. Kap Paper Inc. is the only chip consuming facility in Northeastern Ontario and the Spin-out provides Kap Paper with the potential to pursue new opportunities to support the green economy as part of a broader Northern Ontario forest strategy.
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ANDRITZ to supply world’s largest lignin production system to Södra pulp mill in Sweden

Swedish forest industry group Södra has selected international technology group ANDRITZ to supply a complete solution for kraft lignin production to its Mönsterås pulp mill in Sweden. This major investment marks Södra’s entry into the lignin market as part of its strategy to make the most of the wood used in pulp production. This will be the first commercial kraft lignin plant in Sweden and the largest in the world. Kraft lignin is a by-product of pulp production for paper. Today it is used in pulp mills to generate energy. However, it can also be used as a renewable resource to replace fossil-based materials in the chemical industry or form the basis for new biofuels.
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FSC Aligned Certification for EUDR and system-wide changes now live

The FSC Regulatory Module and FSC Risk Assessment Framework comprise FSC Aligned Certification for EUDR, along with system-wide updates to operationalize these changes and align with the intention of the Policy to Address Conversion. The launch of these requirements ensures that our certification system remains robust and relevant in the evolving regulatory landscape. The Risk Assessment Framework and other system-wide changes are also applicable for Certificate Holders not affected by EUDR. This new voluntary add-on module FSC-STD-01-004 FSC Regulatory Module supports EUDR compliance by providing additional requirements for Forest Management, Chain of Custody, and Controlled Wood Certification as well as accreditation requirements. It is designed to help companies use their FSC certification to meet EUDR’s stringent requirements by taking the guesswork out of what is required on top of FSC certification. The module outlines robust due diligence systems, conducting thorough risk assessments with FSC’s Risk Assessment Framework, and maintaining transparent supply chain documentation.
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Monadnock Paper Mills Redefines Sustainable Giving with 100% Post – Consumer Waste Gift Card Solution

In today’s retail landscape, gift cards are a popular staple of modern shopping experiences for busy consumers. However, this convenience comes at a considerable environmental cost. According to the International Card Manufacturers Association (ICMA), nearly 30 billion plastic cards are produced globally each year. More than 70% of gift cards are used and discarded within just six months – quickly becoming part of the estimated 53 million tons of plastic waste that either accumulates in landfills, undergoes incineration, or requires energy-intensive recycling processes. Given that the total capacity of the U.S.’s ten chemical-recycling plants is only 456,000 tons per year, it’s evident there is a drastic shortfall in handling this waste sustainably. These facts point to the need for a more sustainable gift card solution – Monadnock Paper Mills has the answer. Leveraging this deep expertise, Monadnock presents its innovative response to the environmental challenges posed by traditional plastic gift cards: Envi PC 100 Card.
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Dermody Properties Breaks Ground on LogistiCenter℠ at Pleasant Prairie

Dermody Properties—a diversified private equity investment management company focused exclusively on the national logistics real estate sector—is pleased to announce that WestRock, a global leader in sustainable packaging, has signed a build-to-suit lease at LogistiCenter℠ at Pleasant Prairie. WestRock is establishing a Great Lakes regional corrugated operations hub and will require more than 580,000 square feet within Wisconsin’s newest rail-served logistics park. “We are pleased that WestRock is entrusting Dermody Properties to build its advanced manufacturing facility in southeast Wisconsin,” said Neal Driscoll, Midwest Region Partner at Dermody Properties. “We could not have scripted a better partner to kick off the park, and we look forward to working closely with WestRock and the Village of Pleasant Prairie to complete what we believe will be a best-in-class project.” The Village of Pleasant Prairie sits at the southern doorstep of Wisconsin and has witnessed considerable expansion in the past decade as local companies have grown. Businesses have been attracted to the state’s friendly business climate, availability of labor and high quality of living. LogistiCenter℠ at Pleasant Prairie—Wisconsin’s only rail-served, build-to-suit logistics park—is part of Dermody Properties’ growing portfolio in the thriving Midwest market.
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S&P Global Announces Leadership Succession

S&P Global announced that its Board of Directors has unanimously elected Martina L. Cheung, S&P Global's current President of S&P Global Ratings, to succeed Douglas L. Peterson as the Company's President and Chief Executive Officer, effective November 1, 2024. Additionally, Ms. Cheung has been appointed as a member of the Board, effective July 1, 2024. Mr. Peterson will remain on the Board until May 2025 and be a special advisor to the Company until December 31, 2025.  Ms. Cheung has held multiple leadership roles in her 14 years at S&P Global. She currently leads S&P Global Ratings, which realized $3.3 billion in annual revenue for 2023, a 9% increase over the prior year, with 56.5% full-year operating profit margin. Additionally, under her leadership, S&P Global Sustainable1 had revenue growth of 24% in 2023. Prior to her current roles, Ms. Cheung led S&P Global Market Intelligence, during which time the division exceeded $2 billion in annual revenue. She also served as S&P Global's Chief Strategy Officer, responsible for developing the Company's growth and innovation investment priorities.
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Adobe Transforms How Brands Manage Millions of Creative Assets with Generative AI-Powered Content Hub

Adobe announced the general availability of Adobe Content Hub with Adobe Experience Manager (AEM) Assets. AEM Assets is the leading digital asset management system (DAM) used by brands to manage their entire library of images, videos and other content that drives the creation of marketing campaigns and digital experiences. AEM Assets is used by the majority of the Fortune 50, including 8 of the 10 largest media companies, 9 of the 10 largest financial services companies and 8 of the 10 largest retailers. Customers worldwide include ASICS, Cisco, The Coca-Cola Company, Henkel, Prudential Financial, T-Mobile and Volkswagen. Content Hub enables brands to reimagine how creative assets are used across their organization and with external partners, driving major efficiency gains. With a new easy-to-use interface, teams have every brand-approved asset at their fingertips while being able to access an all-in-one design tool through Adobe Express and Firefly generative AI — directly in the existing flow of work. Content Hub also removes inefficiencies by ensuring proper asset reuse and resolving any inconsistencies, while providing usage analytics and governance controls for sensitive launches. With Content Hub, brands can optimize a key component of their content supply chain, the end-to-end business process every company needs to deliver content required for marketing campaigns and personalized customer experiences.
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Single-use ‘tent trash’ looms over festival season

As Glastonbury festival gets underway, our new research reveals that 70% of people who have bought a tent admit they have used it just once. Looking ahead, over half (52%) admit they are likely to buy a tent and use it for just one event, such as a festival, suggesting that polyester tents are the single-use plastic everyone is overlooking.  According to estimates, about 250,000 tents made of polymer-based nylon or polyester are abandoned annually, leading to the creation of 'tent trash' fields and contributing to 900 tonnes of waste. This ultimately results in the generation of more single-use plastic. Our research revealed that 18% of adults consider tents as the worst single-use plastic item for the environment. Despite this, 19% of tent owners have never thought about the environmental impact of tents. We have worked with EnviroTent, a company that designs cardboard tents, to address this pressing issue. Together, we have created a 100% recyclable cardboard tent, which could be a game-changer in the fight against 'tent trash'. Tayla Evans, the founder of EnviroTent, is urging festival organisers to consider using cardboard camping to help end 'tent trash.' 
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Trioworld to acquire Palamy-BRJ

Trioworld Group signed an agreement to acquire the French companies Palamy and BRJ through a purchase of all the shares in Sopal SAS. Palamy SAS (Palamy) and Beaudet et René Jean Emballage SAS (BRJ) are both leading players in high performance packaging solutions for bread, frozen food, and other consumer packaging applications in the French market. “We are looking forward to welcoming Palamy-BRJ to the Trioworld Group. The acquisition will give us the opportunity to grow an even stronger position in the market for advanced food packaging solutions in Europe. Both companies have a long and proven history of supplying premium products with a superior service and we have great confidence in the Palamy-BRJ team. We see great potential in joining forces and continuing a successful journey together,” says Andreas Malmberg, CEO of the Trioworld Group.
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Ennis Acquires Printing Technologies (piworld.com)

Ennis, Inc. is pleased to announce its acquisition of Printing Technologies, Inc. (PTI) located in Indianapolis, IN. “PTI is a renowned brand with a diverse range of unique products and we are looking forward to leveraging these new capabilities to enhance Ennis’ product offerings,” said Keith Walters, Chairman, President & CEO of Ennis, Inc. “I want to extend a warm welcome to PTI’s employees and customers as they join the Ennis family.”
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Sappi Europe strengthens its portfolio with the introduction of Algro Volume, a one side coated premium paperboard

With its silky top surface, enhanced stiffness, boosted bulk, bright white finish, and outstanding printing and finishing properties, Algro Volume combines strength, functionality and printability, all in a single package. Sappi Europe, a leading producer of packaging, speciality and graphic papers, is pleased to announce the launch of Algro Volume, the latest addition to Sappi’s Algro paperboard family. Produced at Sappi Europe’s Maastricht Mill, The Netherlands, Algro Volume is a premium paperboard, ideal for demanding and durable packaging and graphic solutions. Director of Packaging & Dye Sublimation Luis Mata emphasizes the unlimited potential of the new product: “Algro Volume is an outstanding board that delivers against every challenge, expertly designed to fulfill the rigorous physical demands typically reserved for solid bleached boards (SBB). The multiform base composition optimises stiffness and bulk, and together with Sappi’s unrivalled coating capability ensures exceptional printing and finishing performance for your applications.”
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