SG360 Names Former U.S. Postmaster General to Board of Directors

Earlier this month, SG360° announced its first outside board of directors member since It was acquired by private equity firm ICV Partners - Patrick R. Donahoe, former Postmaster General of the United States and CEO of the U.S. Postal Service (USPS). “He is really going to help us think differently,” said Schneider. “This is just the first step in a much longer-term strategy to bring a broad array of postal optimization strategies to our customers. We already help clients differentiate themselves in the look, feel, design and impact of their mail pieces. We can now leverage our scale to better drive postal efficiencies.” Click Read More below for additional information.
Read More

Sonoco’s New Digital Printing for Displays Offers Brands Quality, Agility

Sonoco has invested in a state-of-the-art, direct-to-sheet digital printing press for the production of point-of-purchase displays and other promotional packaging. The high-speed, 6-color press enables brand owners to respond quickly to a dynamic retail and shopper environment without the need for costly overruns or printing plates. Sonoco’s digital solution offers several advantages over traditional flexography/lithography, including: •Improved print quality and display strength due to a touch-free printing process •Reduced cost and lead time from the elimination of printing plates •Flexibility and short-run advantages due to the lack of price penalties for smaller quantities •Nearly unlimited customization opportunities from 100 percent digital processes •Durable, fade-resistant printing made possible by high-quality UV inks.
Read More

Empire Magazine to Push Publishing Boundaries with First Ever Talking Voice-Responsive Cover

Bauer Media’s Empire magazine is to once again push the boundaries of print publishing by producing an innovative limited edition talking cover. The cover, created in partnership with Twentieth Century Fox to coincide with the launch of Deadpool 2, is the first talking, voice-responsive cover ever produced. A concealed speaker is activated by a button which, when pressed and spoken to, offers one of 14 recorded replies from Deadpool himself. 3,200 issues of this very special issue will be printed and available in Tesco, WHSmith Travel as well as online at www.greatmagazines.co.uk. Click Read More below for additional information.
Read More

Crude Oil Prices Up After Geopolitical Issue Eases

The oil prices were bullish in the market as geopolitical tensions in the Middle East dies down. The commodity’s prices managed to hit another milestone despite the astonishing performance of the dollar in the market. The commodity continues to push great performance in the market on multiple factors. The great oil inventories reports and the OPEC agreement to extend the output cut have managed to put the prices on its best figures ones again. Click Read More below for additional information.
Read More

Official Groundbreaking Ceremony at Kehl

Papierfabrik August Koehler SE, based in Oberkirch, recently celebrated the official groundbreaking ceremony for a new paper machine. Watched by some 145 invited guests, including the shareholders of Koehler Holding GmbH & Co. KG, the ground was broken by the Koehler Executive Board and representatives of the contracted construction firms Bold GmbH & Co. KG and Rendler Bau , Dr. Michael Trefz (Voith Paper Holding), the architects Alfons Burkart (archigroup GBR) and Thomas Schweiker (Schweiker Architekten), and the Kehl Building Commissioner Harald Krapp. In his welcome address, CEO Kai Furler, who is the eighth generation of his family to lead Koehler, underlined the fact that the Kehl site, with its three paper machines, will be the largest and most modern production site for specialty papers in Europe. This investment is the most significant in the 211-year history of the company. During its global search for a perfect site for the new production facility, the company came to the conclusion that there is no need to search far and wide when the answer is so close to home. Click Read More below for additional information.
Read More

Neenah to spotlight custom packaging solutions at Luxe Pack New York 2018

For two days every year, the most creative luxury packaging designers managers and designers converge in NYC for Luxe Pack New York. And, for the 13th consecutive year, Neenah Packaging will join these innovators at Pier 92 in Manhattan to show its creative luxury packaging solutions and innovations. (Booth C601.) Inspired by the latest trend colors of the year, Neenah is displaying its growing collection of cosmetics and fragrance packaging and will highlight custom solutions, the results of 1:1 partnerships with corporate clients. Click Read More below for additional information.
Read More

The forest solution: PEFC, fashion and sustainable supply chains

From the high use of water and pesticides to produce cotton, to the climate impact of manufacturing synthetic fibres, the fashion industry is one of the most resource intensive industries in the world. In response, the fashion industry is increasingly looking to implement sustainability within its supply chains. This week, we are at the Copenhagen Fashion Summit to promote our solution directly to fashion brands and retailers. The solution? Forests, of course! Forests provide materials and fibres for many of the common consumer products we use today. Yarn from cypress, beech and eucalyptus trees can make fibres for clothing. Cork and wood can be used for not only clothing, but accessories too. Check out the shoes we are taking to the Summit, made from eucalyptus and natural rubber. Click Read More below for additional information.
Read More

Sappi second quarter beats expectations on the back of higher selling prices and sales volumes

Financial summary for the quarter: EBITDA excluding special items US$211 million (Q2 2017 US$208 million). Profit for the period US$102 million (Q2 2017 US$88 million). EPS excluding special items 17 US cents (Q2 2017 17 US cents). Acquisition of Cham speciality paper business completed. Net debt US$1,632 million (Q2 2017 US$1,329 million). Click Read More below for additional information.
Read More

Xerox Terminates Transaction Agreement with Fujifilm and Enters into New Agreement with Carl Icahn and Darwin Deason

Xerox announced that, at 5:00 p.m. ET on May 13, 2018, it notified Fujifilm that the previously announced transaction agreement to combine Xerox with Fuji Xerox is being terminated in accordance with its terms due to, among other things, the failure by Fujifilm to deliver the audited financials of Fuji Xerox by April 15, 2018 and the material deviations reflected in the audited financials of Fuji Xerox, when delivered, from the unaudited financial statements of Fuji Xerox and its subsidiaries provided to Xerox prior to the date of the Subscription Agreement and taking into account other circumstances limiting the ability of the Company, Fujifilm and Fuji Xerox to consummate a transaction. Thereafter, Xerox entered into a new settlement agreement with Carl Icahn and Darwin Deason. Click Read More below for additional information.
Read More

U.S. oil prices hover at 3 1/2 year highs, as analysts entertain the idea of $100 crude

The expectation that sanctions will again frustrate Iran’s oil industry and limit global supply has helped to boost prices close to 5% since the announcement. In the past, sanctions against Iran have cut the country’s crude exports by around 1 million barrels a day. But because the European Union and other intentional players have decided to stick with the deal, U.S. sanctions are likely to affect only up to around 350,000 barrels a day, once reinstated within six months’ time, according to analysts at MUFG Bank. The surge in prices this week prompted renewed oil market speculation that Brent could again reach $100 a barrel — a level not seen since before the price crash of late 2014. Click Read More below for additional information.
Read More

Costco Wholesale Corporation Reports April Sales Results

Costco Wholesale Corporation reported net sales of $10.81 billion for the retail month of April, the four weeks ended May 6, 2018, an increase of 13.1 percent from $9.56 billion last year. For the thirty-five weeks of fiscal year 2018 ended May 6, 2018, the Company reported net sales of $92.24 billion, an increase of 12.2 percent from $82.24 billion last year. This year’s four-week April retail month had one additional shopping day versus last year, due to the calendar shift of Easter. This positively impacted total and comparable April sales by an estimated one and one half to two percent.
Read More

Vermont Life Is Shutting Down After 72 Years

Unable to find a buyer for 72-year-old Vermont Life, the state’s Agency of Commerce and Community Development announced Thursday that it will cease printing the quarterly magazine after its summer issue. Vermont Life‘s status as a state-funded publication had made its future a subject of debate over the past year, with state lawmakers estimating that it ran an annual deficit of around $400,000. The state sought proposals for a sale last September, but officials said they elected to maintain ownership after finding none of the offers to be satisfactory. Click Read More below for additional information.
Read More

Klabin’s Monte Alegre Unit begins Maintenance Shutdown on May 14

Between May 14 and 24, Klabin’s Monte Alegre Unit in Telêmaco Borba will perform its annual Maintenance Shutdown. More than 4,000 services will be executed over 11 days on the equipment at the unit to ensure the safety and continuity of the operation. The Maintenance Shutdown is compulsory for companies that have machinery such as boilers and digesters. Completing the tasks on schedule requires a large number of workers, many of whom work exclusively in pulp and paper mill shutdowns. Click Read More below for additional information.
Read More

News Corp Reports Third Quarter Results for Fiscal 2018

The Company reported fiscal 2018 third quarter total revenues of $2.10 billion, a 6% increase compared to $1.98 billion in the prior year period, reflecting strong growth in the Digital Real Estate Services and Book Publishing segments and a $70 million positive impact from foreign currency fluctuations. The growth was partially offset by lower print advertising and News America Marketing revenues at the News and Information Services segment. Adjusted Revenues (which exclude the foreign currency impact and acquisitions and divestitures as defined in Note 1) increased 2%. Net loss for the quarter was ($1.1) billion as compared to nil in the prior year. The loss was primarily driven by non-cash write-downs of $998 million related to Foxtel and FOX SPORTS Australia, as well as a non-cash impairment charge of $165 million at News America Marketing. Click Read More below for additional information.
Read More

Smurfit Kappa’s packaging innovation recognised in the WorldStar Awards

The first product was the engaging AlphaBooks display produced for the IF gifts company. Smurfit Kappa designers created a bespoke POS display which gave a 360o degree view of the quirky, letter-shaped notebooks. The second winning product was a sophisticated packaging system for different left and right Audi automotive latches. Thanks to cleverly placed cut-outs, 12 latches fit in easily without any damage during either insertion or transport, and the time spent on assembly and filling was reduced by 87%. Click Read More below for additional information.
Read More

Sonoco Announces Partnership with Agricultural Company Harvest CROO Robotics

Sonoco has announced its position as a joint development partner and investor in the Plant City, Fla.-based robotics company Harvest CROO Robotics. “This partnership solidly aligns with our focus on improving the supply chain for fresh produce by connecting harvesting technology with new packaging technology,” said Sonoco CEO Rob Tiede. “Efforts to improve harvesting efficiency, decrease food waste and extend freshness life are key focus areas for us as we expand into fresh food packaging.” Click Read More below for additional information.
Read More

Sun Chemical Warns of Potential Shortages of Photoinitiators Used in Energy Curable Inks

Due to a potential shortage of photoinitiators as reported earlier this week by the European Printing Ink Association (EuPIA), Sun Chemical customers that receive energy curable inks could experience product delivery delays in the future. Governmental initiatives and regulations geared toward environmental protection have led to many suppliers of photoinitiators to either cease or reduce production for limited periods of time. Additionally, the declaration of a force majeure at a variety of manufacturing plants has led to unplanned maintenance and production outages. Click Read More below for additional information.
Read More

Raw material shortage for UV inks and possible supply disruption

Currently, there is a specific global raw material shortage affecting UV curing inks. This impacts supply of a UV photoinitiator commonly known as “TPO.” While supply of TPO comes from several different manufacturers, a key chemical feedstock used in the manufacture of TPO (and other similar photoinitiators) comes from one main upstream source in China. The manufacturing of this feedstock has been temporarily halted while inspections are undertaken due to an unrelated incident in the same industrial zone. This incident comes within the wider context of similar unplanned shut downs of UV raw material capacity in China and a tighter regulatory environment in Europe limiting alternative options. This supply disruption means that the feedstock cannot be produced at present and supplies are now at critically low levels globally, which has impacted the availability and production of TPO itself. We anticipate the situation will be resolved in a matter of weeks but are taking actions to cover our supply in the meantime. Please note that this is an industry-wide shortage affecting all UV ink manufacturers. Click Read More below for additional information.
Read More

U.S. Postal Service Reports Second Quarter 2018 Results

The U.S. Postal Service reported total revenue of $17.5 billion for the second quarter of 2018 (January 1, 2018 - March 31, 2018), an increase of $235 million, or 1.4 percent, compared to the same quarter last year. Shipping and Packages revenue grew by $445 million, or 9.5 percent, while First-Class and Marketing Mail revenue fell by a combined $181 million. The Postal Service's results for the quarter continued to reflect multi-year trends of growth in Shipping and Packages volume and declining letter volumes, as package volume grew by 69 million pieces, or 5.0 percent, while mail volumes declined by 700 million pieces, or 2.1 percent, compared to the same quarter last year. Net loss for the second quarter totaled $1.3 billion, compared to a net loss of $562 million for the same period last year. Click Read More below for additional information.
Read More

AF&PA Releases 58th Annual Survey of Paper, Paperboard, and Pulp Capacity

Containerboard capacity continued to increase, rising 1.9 percent in 2017 to a record 38.9 million tons. Containerboard accounted for 46.2 percent of U.S. paper and paperboard capacity in 2017. Tissue paper capacity is on a long-term expansionary trajectory, approximately in line with U.S. population growth, and rose 0.2 percent in 2017. Four tissue paper machines started production in 2017. Those capacity additions were partly offset by two mill closures that same year. Reflecting displacement from digital media, capacity for newsprint and printing-writing papers continued to decline in 2017. Three mills and six machines producing these grades were permanently closed that year. Click Read More below for additional information.
Read More

Canadian authorities urge central government to support paper industry

The premier of British Columbia, John Horgan, has asked Canadian Prime Minister Justin Trudeau to provide the promised assistance to Catalyst Paper and other Canadian paper mills, reports Terrace Standard. “The massive tariffs imposed by U.S. authorities at the behest of a single Washington state company put the jobs of 1,600 British Columbians working at three Catalyst pulp mills at risk,” Horgan wrote in a letter to Trudeau. “While I appreciate the magnitude of other U.S. actions may seem signifiant – steel, aluminum and softwood lumber stand out – the future of three coastal communities is at stake in this matter.” Click Read More below for additional information.
Read More

Catalyst Paper Machine Starts Up

Paper machine 11 at Catalyst Paper Corporation’s Powell River mill went into start-up mode on May 7 after a three-week production curtailment of uncoated groundwood paper. The curtailment started on April 16 in response to a shortage of fibre and United States Department of Commerce tariffs on uncoated groundwood paper.
Read More

A Perfect Storm Headed Our Way

These two major industry issues should have everyone’s attention: 1.A potentially significant change (not for the better) in how future postal rates are to be set; 2.The ramifications of a forthcoming Supreme Court ruling on the future of remote/internet sales taxes that could overturn over 50 years of precedent businesses nationwide have relied upon. Our industry must mobilize to take action to respond to these industry-wide threats! The time to do so is right now. Inattention will be costly. Without a concerted, coordinated response, the outcome for both will be dire. Click Read More below for additional information.
Read More

L Brands Reports April 2018 Sales

L Brands, Inc. reported net sales increased 4 percent to $751.6 million for the four weeks ended May 5, 2018, compared to net sales of $719.6 million for the four weeks ended April 29, 2017. Comparable sales for the four weeks ended May 5, 2018, were flat compared to the four weeks ended May 6, 2017, and were negatively impacted by the earlier Easter holiday this year by about 3 percentage points. The company reported net sales of $2.626 billion for the first quarter ended May 5, 2018, an increase of 8 percent compared to sales of $2.437 billion for the quarter ended April 29, 2017. Comparable sales for the first quarter ended May 5, 2018, increased 3 percent compared to the thirteen weeks ended May 6, 2017.
Read More

Gannett To Acquire Digital Marketing Software Company WordStream, Inc.

Gannett Co., Inc. announced that it entered into an agreement to acquire WordStream, Inc., a provider of cloud-based software-as-a-service (SaaS) solutions for local and regional businesses and agencies to optimize their digital marketing services campaigns. The purchase price is $130 million in cash, net of cash acquired, plus up to an aggregate $20 million earnout payable in 2019 and 2020 based on achieving certain revenue targets. The transaction builds upon Gannett’s existing data-driven digital marketing services, ReachLocal and SweetIQ. “This acquisition marks another critical milestone in Gannett’s digital transformation, enhancing our ability to support businesses and agencies in our local markets with the intelligent, data-driven marketing solutions they need to drive growth,” said Robert Dickey, president and chief executive officer of Gannett. “WordStream’s technology, extensive data and analytics capabilities together with an experienced executive team will bring tremendous value to Gannett’s expanding digital marketing services business.” Click Read More below for additional information.
Read More

Meredith Reports Fiscal 2018 Third Quarter And Nine Month Results

Looking more closely at Meredith's fiscal 2018 third-quarter results compared to the prior-year quarter: •Meredith recorded pre-tax special items of $170 million, primarily comprised of restructuring, financing and transaction costs related to its acquisition of Time Inc. As a result, Meredith reported a loss from continuing operations of $95 million and a net loss of $110 million, compared to net earnings of $40 million. •Excluding special items, earnings from continuing operations were $33 million, compared to $40 million. (See Tables 1-5 for supplemental disclosures regarding non-GAAP financial measures.) •Adjusted EBITDA was $111 million, compared to $83 million. •Total company revenues from continuing operations were $649 million, compared to $425 million. Click Read More below for additional information.
Read More

Neenah Reports First Quarter 2018 Results

Consolidated net sales increased 10 percent to a record $266.5 million in the first quarter of 2018 compared with $242.1 million in the first quarter of 2017. Revenue gains resulted from higher volumes, both organic and with the November 2017 Coldenhove acquisition, a higher-priced sales mix, increased selling prices and favorable currency effects. Operating income of $24.1 million in 2018 decreased 11 percent from $27.0 million in 2017. Income benefited from volume growth, a higher value mix, increased selling prices and currency, but was more than offset by higher input and distribution costs. Click Read More below for additional information.
Read More

Cascades Announces Results for the First Quarter of 2018

Q1 2018 Highlights • Sales of $1,098 million (compared to $1,082 million in Q4 2017 (+1%) and $1,006 million in Q1 2017 (+9%)) • As reported (including specific items) • Operating income of $112 million (compared to $45 million in Q4 2017 (+149%) and $31 million in Q1 2017 (+261%)) • Adjusted (excluding specific items) 2 • Operating income of $50 million (compared to $46 million in Q4 2017 (+9%) and $28 million in Q1 2017 (+79%)). Click Read More below for additional information.
Read More

Leadership, Engagement Drive Domtar’s Safety Journey

Domtar’s safety culture is founded on the idea of human performance improvement (HPI), which acknowledges that people are inherently fallible and they will make mistakes. However, HPI isn’t about fixing the worker; rather, it holds the entire organization accountable by understanding the context surrounding events and why individuals exhibited behaviors that lead to safety incidents. Both individual actions and organizational weaknesses can result in unwanted outcomes. Therefore, HPI-based initiatives are proactive in nature. They focus on risk reduction and continuous improvement by implementing solutions to prevent errors that could lead to a negative outcome. Click Read More below for additional information.
Read More

Expera Coated Products Launches Refreshed Line of DUALBAK™ Liners for Performance Tapes & Sealants

Expera Coated Products announced a new brand of liners used in the manufacture of Performance Tapes and Sealants. DualBak™ liners have the necessary performance characteristics to withstand demanding converting and end use applications, yet maintain the strength and stability to ensure specified customer requirements are met. “Expera Coated Products’ DualBak™ liners are highly-engineered solutions that offer a wide breadth of silicone systems and release differentials as well as targeted base papers to fit the many demands of this segment,” explained Harry Challender, Vice President of Expera Coated Products. “We excel at customer collaboration, and that collaboration allows Expera Coated Products to develop application-specific liners that contain the functional properties critical to the success and delivery of our customers’ products.” Click Read More below for additional information.
Read More

Intertape Polymer Group Reports 2018 First Quarter Results

First Quarter 2018 Highlights (as compared to first quarter 2017): • Revenue increased 14.5% to $237.2 million primarily due to additional revenue from the Cantech Acquisition(1) and an increase in average selling price, including the impact of product mix. • Net earnings attributable to the Company shareholders ("IPG Net Earnings") decreased $2.1 million to $11.4 million, primarily due to the increase in SG&A and other finance costs, partially offset by a decrease in income tax expense and an increase in gross profit. • Adjusted EBITDA(3) decreased 0.6% to $30.2 million primarily due to an increase in SG&A and the non-recurrence of Insurance Proceeds of $2.1 million realized in the first quarter of 2017, partially offset by adjusted EBITDA contributed by Cantech and an increase in gross profit. Excluding the Insurance Proceeds, adjusted EBITDA for the first quarter of 2018 increased by almost 7% compared to the first quarter of 2017. Click Read More below for additional information.
Read More

KP Tissue Releases First Quarter 2018 Financial Results

Revenue in Q1 2018 was $323.7 million, compared to $289.3 million in Q1 2017, an increase of $34.4 million or 11.9%. The increase in revenue was due to the combination of: an additional 6 days of sales in Q1 2018 compared to Q1 2017; the favourable impact of increased sales volume; and a Consumer selling price increase in Canada in Q4 2017; partially offset by the unfavourable impact of foreign exchange fluctuations on U.S. dollar sales. Net income in Q1 2018 was $1.6 million, compared to $6.9 million in Q1 2017, primarily due to lower Adjusted EBITDA of $6.8 million, higher depreciation expense of $1.1 million, an increase in interest expense of $1.0 million, a decrease in foreign exchange gain of $0.4 million and the loss on sale of fixed assets of $0.4 million. These items were partially offset by a decrease in tax expense of $3.8 million and the change in fair value of derivatives of $0.6 million. Click Read More below for additional information.
Read More

Senate Democrats Move Forward With Resolution To Restore Net Neutrality

On Wednesday, Senator Ed Markey (D-Massachusetts), Senate Majority Leader Chuck Schumer (D-New York) and others filed a motion to reinstate the rules. The effort, spearheaded by Markey, has garnered support from all 49 Senate Democrats as well as Republican Senator Susan Collins of Maine. If Senator John McCain (R-Arizona) -- currently on a medical leave of absence -- doesn't vote, the measure is poised to pass the Senate by one vote. But passage is considered unlikely, given that only 160 House members have so far said they support the bill -- leaving it far short of the 218 votes needed to pass. The latest effort to enshrine net neutrality protections comes five months after the Federal Communications Commission voted to repeal Obama-era regulations that classified broadband as a utility service and imposed some common carrier rules on providers. Among other restrictions, the regulations prohibited broadband carriers from blocking or throttling online traffic and from charging companies higher fees for prioritized delivery. Click Read More below for additional information.
Read More

Fighting climate change with each cup of coffee

Mondi’s renewable packaging material helps Paulig Coffee lower carbon footprint. Climate change is harming our planet’s fragile ecosystems, driving the movement for drastic cuts to carbon emissions at a global scale. All industries have a part to play in this transition towards a low-carbon economy, including manufacturers of consumer goods. The snacks, seasoning and coffee producer Paulig Group, together with Mondi, is responding to this challenge. Paulig Coffee brand is the market leader in Finland and the Baltics, and is the second largest provider of coffee in Russia. The company strategically works to reduce its environmental footprint. In Finland for example, all its coffee roasteries run entirely on renewable energy. Paulig has made a commitment to reduce its carbon emissions by 40% by 2020. To meet the target the entire supply chain is involved, including packaging. Click Read More below for additional information.
Read More

Book Publisher Revenue Up For Adult Books, University Presses in 2017

Publishers’ revenue for trade (consumer) books increased by $96 million (+1.3%) to $7.6 billion in 2017. The growth in trade books is attributed to a +3.0% revenue uptick in the Adult Books category, which comprises more than 65% of all revenue for trade books. Revenue for Childrens/YA books and Religious Presses declined in 2017. Overall publisher revenue for 2017 was flat at $14.7 billion, up $57.5 million (+0.4%) from 2016. These numbers include sales for all tracked categories (Trade - fiction/non-fiction/religious, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses). Several categories that had declined in 2016 rebounded in 2017, including Adult Books, University Presses, and Professional Books. Click Read More below for additional information.
Read More

Tronox Reports First Quarter 2018 Financial Results

First Quarter 2018 Highlights: - Strong top and bottom line performance reflects benefits of vertical integration and continued favorable market conditions across TiO2 pigment, feedstock and co-products - Revenue of $442 million up 17 percent versus prior year - Income from operations of $14 million; adjusted EBITDA of $113 million up 79 percent versus prior year (Non-GAAP) - TiO2 income from operations of $52 million; adjusted EBITDA of $138 million up 62 percent versus prior year (Non-GAAP) - TiO2 adjusted EBITDA margin of 31 percent; free cash flow of $52 million. Click Read More below for additional information.
Read More

US Postal Service Honors Shutterfly Inc. with 2018 Partnership for Growth Award

The U.S. Postal Service recognized Shutterfly Inc. with its Partnership for Growth Award on the final day of the National Postal Forum (NPF), the country’s premier mailing and shipping conference. The Partnership for Growth Award is given annually at NPF to recognize a strong mailing industry contributor that drives innovation and growth using USPS. Shutterfly was selected to receive this year’s Award by Postmaster General and CEO Megan J. Brennan and the USPS Executive Leadership Team. Shutterfly is being recognized for continuously working with the Postal Service to ensure the company reaches its customers using new and innovative technologies that increase the value of the mail. Click Read More below for additional information.
Read More

RRD Builds for Future with Maureen Powers as new President of RMS

R.R. Donnelley & Sons Company followed up on the recent creation of their Marketing Solutions group by adding Maureen Powers to the team as the new President of RRD’s Response Marketing Solutions (RMS) team starting on May 21st. Powers comes from Discover Financial Services where she served in a variety of senior leadership positions, most recently as head of their Rewards program. Powers holds a Bachelor’s degree from Northern Illinois University and an MBA from Northwestern University’s Kellogg Scholl of Management. She will be based in RRD’s headquarters in Chicago, IL and reports to Doug Ryan. Powers will succeed Dan Thornton, who announced his retirement after 22 years of successful leadership on the RRD team. Click Read More below for additional information.
Read More

Verso Corporation Reports First Quarter 2018 Financial Results

Verso Corporation reported financial results for the first quarter of 2018, including net sales of $639 million, net loss of $2 million, and Adjusted EBITDA of $41 million. "Verso had a good start in the first quarter of 2018, with sales revenue up 4 percent to $639 million, Adjusted EBITDA (a non-GAAP measure) up 58 percent to $41 million, and Adjusted EBITDA margin up 2.2 percentage points compared to the first quarter of 2017," said Verso Chief Executive Officer, B. Christopher DiSantis. "We continued to grow our specialty papers business, now 24 percent of total revenue, and are seeing the benefits of our SG&A cost improvement initiatives, with an improvement of $8 million versus the first quarter of 2017. Looking ahead, we have positioned Verso well to benefit from improved operating rates and are building a better business." Click Read More below for additional information.
Read More

Office Depot Announces First Quarter 2018 Results

Total reported sales for the first quarter of 2018 were $2.8 billion compared to $2.7 billion in the first quarter of 2017, an increase of 6%. As a result of the CompuCom acquisition and focus on growing services revenue, the Company has enhanced its disclosure to report the breakdown between product sales and service revenues. Office Depot's service revenues now make up approximately 14% of the Company's total sales. In the first quarter of 2018, Office Depot reported operating income of $77 million and net income from continuing operations was $33 million, or $0.06 per share, compared to operating income of $124 million, net income from continuing operations of $74 million and $0.14 per share in the first quarter of 2017. Click Read More below for additional information.
Read More

The Iran Deal Is Dead; Here’s What That Means for Crude Oil Prices

Short term, oil-pricing volatility will continue. Traders will likely consider any forward interruption – perceived or actual – in Iranian crude export flow as upward pressure on global prices. If this happens and JCPOA is not immediately closed, (i.e., should those second and third possible scenarios I mentioned play out), there will be a pullback. Overall, other factors have been contributing to an increasing floor for the oil-pricing band, supported by continuing OPEC production problems in Venezuela, Nigeria, and Libya. Click Read More below for additional information.
Read More

Deluxe Corp. Acquires LogoMix, a Provider of Custom Marketing Products for Small Businesses

Deluxe Corporation announced that it recently acquired 100 percent of privately held LogoMix, a Boston-based provider of logo design and other small business branding and marketing services. Founded in 2006, LogoMix enables businesses and individuals to create and purchase custom marketing products for use online and offline. On LogoMaker.com, users can create a custom logo in minutes and, in one click, print their logo on business cards, signs, pens and other offline marketing products. LogoMix’s other marketing services include websites, business email, domains and Google Apps for Work. Click Read More below for additional information.
Read More

Mohawk Releases the Fourteenth Issue of the Mohawk Maker Quarterly

Mohawk Fine Papers, Inc. introduced the fourteenth issue of its celebrated Mohawk Maker Quarterly at the HOW Design Live Conference in Boston, MA. Each issue of the Mohawk Maker Quarterly relies on a theme for its creative framework. Issue No. 14 of the Mohawk Maker Quarterly is titled Lead & Serve and celebrates those who pave the way by helping others find their paths. Consistent with the ongoing strategy behind the publication, this issue seeks to provide thought-provoking inspiration for graphic designers around the world through engaging content and carefully-considered design on paper. Issue No. 14 is the largest body of content to date, with 224 pages of words and images presented in the oh-so familiar form of a book. The 6.5 x 8.5” format is organized in four chapters, including Mohawk’s regular feature, The Movement; highlighting makers and their projects from around the world. The team at Hybrid Design in San Francisco, CA has struck a perfect balance between visual and word essays, all carefully curated to support this issue’s theme, Lead & Serve. Click Read More below for additional information.
Read More

Torstar Corporation Reports First Quarter Results

Highlights for the first quarter: • As part of our transformation plan, on April 10, 2018, we launched a major national expansion with a reinvention of our Metro urban commuter newspapers and more robust digital offerings on thestar.com in Vancouver, Calgary, Edmonton, Toronto, Halifax and nationally. This expansion leverages the Star brand and its history and unique position of local and investigative reporting. • Ended the first quarter of 2018 with $51.5 million of cash and cash equivalents and $7.7 million of restricted cash; Torstar has no bank indebtedness. • Our net loss from continuing operations in the first quarter of 2018 was $20.9 million ($0.26 per share) compared to a net loss of $24.4 million ($0.30 per share) in the first quarter of 2017. Click Read More below for additional information.
Read More

U.S. Postal Service Showcases Innovative Physical and Digital Platforms at 2018 National Postal Forum

In her keynote address opening the 50th Anniversary of National Postal Forum (NPF), Postmaster General and CEO Megan Brennan highlighted the Postal Service’s focus on meeting customer’s needs today, while anticipating their needs of tomorrow by continuing to invest in the future to create opportunities for growth and profitability for the entire industry. Brennan announced to thousands of customers at the Forum that nearly 10 million users are now enrolled in Informed Delivery, the Postal Service’s innovative daily mobile offering which allows users to see their incoming mail to be received later that day. “Informed Delivery broadens the definition of the mail moment by bridging the digital and physical – it allows consumers to connect to their physical mail anytime, anywhere,” said Brennan. “Informed Delivery is becoming part of the daily digital life of the American consumer. It builds anticipation of the physical mail piece, and allows marketers to increase their digital engagement with the consumer from a single mail piece.” Click Read More below for additional information.
Read More

Iridescent Colors and Specialty Embellishments Never Seen Before in Digitally Printed Pieces Now a Reality

The company that invented the copier, laser printing and print-on-demand is announcing another first in the world of print – a high speed, six station color press that combines four-color printing with up to two specialty dry inks in one printing pass. The Xerox Iridesse™ Production Press is the only digital press that can print metallic gold or silver dry ink, CMYK and clear dry ink in a single pass, giving print providers an immediate competitive edge in the growing digital print enhancement market. “Iridesse can do things no other digital production press can do, but it’s what it can do for our customers that’s most important,” said Ragni Mehta, vice president and general manager, Cut Sheet Business, Xerox. “We created the press to produce these special effects and digital enhancements cost effectively and in a simplified workflow so our customers can seize the market opportunity and grow their businesses.” Click Read More below for additional information.
Read More

Paper supply squeeze in face of ‘perfect storm’ (UK Perspective)

A “perfect storm” of global events has resulted in long lead times for some paper grades – with mills resorting to allocation for the first time in over a decade – and printers and paper buyers have been warned to plan ahead for the rest of the year. The combination of factors affecting the supply of graphical papers includes increasing demand for pulp for other markets, such as tissue and hygiene products, which has pushed prices up to almost $1,200 (£883) a tonne. A year ago it was $700-$750. As well as pulp prices, other rising input costs for papermakers include chemicals and fillers. In recent years paper manufacturers have shut down paper machines in the face of declining demand, or converted lines to make other higher-value products, such as cartonboard. Click Read More below for additional information.
Read More

Smurfit Kappa Partners with EFI to Transform Corrugated Production with Ultra-high-speed Nozomi Platform

Dublin, Ireland-based Smurfit Kappa Group is partnering with Silicon Valley printing technology company Electronics For Imaging, Inc. to establish an efficient, robust digital corrugated packaging production offering with the installation of an EFI™ Nozomi C18000 single-pass LED inkjet corrugated packaging press. As a result of this partnership, Smurfit Kappa, one of the top innovators in packaging, and main driving force of digital print technology in Europe, will establish leaner and more-effective processes to deliver ready-to-sell high quality print packaging that will provide its customers maximum brand benefit in the retail store. “This digital printing partnership with EFI reflects Smurfit Kappa’s serious commitment to providing the best packaging solutions available,” said Ignacio Sevillano, CEO Smurfit Kappa Spain, Portugal and Morocco. Click Read More below for additional information.
Read More

Developments in packaging sustainability and efficiency secure Amcor two 2018 Alufoil Trophies

The company’s PolyInert laminates, which enable sensitive pharmaceuticals to be packaged in stick-pack form, won the Resource Efficiency category, and AluFix Retort Xtra, the newest addition to the successful AluFix range, won the Technical Innovation award. PolyInert Laminates - This material helps keep pharmaceutical patients safe because its stable and inert high barrier doesn’t interact with or absorb active pharmaceutical ingredients and keeps medication effective longer. AluFix Retort Extra - The aluminium foil membrane makes more convenient peelable lidding practical on metal cans for a wider range of food products. For the first time, that includes on cans containing foods with low pH values of 2-4, or those containing salts, spices and oils that can corrode or damage packaging materials. Click Read More below for additional information.
Read More

Arandell Names James Ford New Business Development Executive

Arandell Corp. announced that James Ford has joined the New Business Development Sales Team. In this position, Ford will be responsible for new client acquisition and client consultation in areas of marketing strategy, quality and color improvements, paper, print production and postal optimization. Ford will report to Stephen Sanfelippo, Arandell’s Senior Vice President of Sales and Marketing. “Jim is a highly reputable sales leader in the print industry with experience in effectively managing customer needs across multiple print facilities,” said Sanfelippo. “He will be instrumental in helping us introduce accounts to the expanded capabilities enabled by our new Kentucky facility and strategic partnerships. I am confident that his passion and abilities will help move Arandell to the next level of success.” Click Read More below for additional information.
Read More

Digital and Analog Worlds Unite in New Magazine

Even in the era of “there’s an app for that,” our largely tech-first culture is reclaiming timeless analog elements. Today the Paper & Packaging – How Life Unfolds® campaign unveils a new limited-edition print publication, Pod Papers Magazine, bringing podcasts to life in a way that has never been done before – in print. Complimentary copies of Pod Papers will be available exclusively in store at Barnes & Noble locations nationwide while supplies last. “Our culture, though increasingly digital, is in the midst of a moment of reflection. For many, turning digital into analog is helping fuel inspiration and creativity,” observes Mary Anne Hansan, president of the Paper and Packaging Board. “Pod Papers is our answer to this cultural moment – it’s meant to be pored over and become a keepsake.” Click Read More below for additional information.
Read More

US crude oil slips ahead of Trump decision on Iran

US crude oil prices have slipped back after strong gains as the White House prepared to announce a decision on whether it will withdraw from the Iran nuclear deal. Iran’s oil production has bounced back to nearly 4m barrels a day since world powers eased sanctions over its nuclear programme. Reimposing sanctions could reduce Iranian oil exports by 200,000-300,000 barrels a day, according to RBC Capital Markets. Click Read More below for additional information.
Read More

Canfor to Invest $40M to Upgrade Camden, SC Mill

In addition to significantly boosting the mill’s production capacity, the upgrades will further enhance our first quartile performance in safety and quality. With this major investment, the Camden plant will continue to be a stable and significant employer in this region, paying good wages and benefits to our valuable employees. The upgrades, which will begin later this year, will include an upgraded new planer mill, a new continuous dry kiln to increase drying capacity, as well as new Sawmill equipment that will help increase the mill’s production capacity. Work is expected to be complete in the fourth quarter of 2019. Click Read More below for additional information.
Read More

Surprising Sources of Global Deforestation

What are the most common causes of global deforestation? The answers might surprise you. The Food and Agriculture Organization of the United Nations (FAO) defines deforestation as the conversion of forests to another land use or a permanent loss of forest cover. Deforestation is not a major issue in North America. In fact, in the United States, net total forest area has actually increased in the past 60 years, while in Canada, forest cover remains stable. However, this is not the case in other regions of the world, where the rapid loss of tree cover has reached alarming rates. Despite the fact that the pulp and paper industry is not a major contributor to deforestation in many regions, myths continue to persist about the role our industry plays in this growing problem worldwide. That said, consumers who purchase pulp and paper products without considering the source drive demand in regions where less sustainable practices are common. Click Read More below for additional information.
Read More

InnerWorkings Postpones Release of First Quarter 2018 Financial Results

InnerWorkings, Inc. announced that it is postponing the release of its first quarter 2018 financial results and conference call due to errors in its historical financial statements identified during the course of its first quarter financial reporting close process. The Company will be restating its financial statements for the years ended December 31, 2017, 2016, and 2015, and all interim periods within those years. The accounting errors relate primarily to recording a portion of costs of goods sold in the wrong period, and have no material impact on InnerWorkings’ cash flow, revenue, or liquidity. The restated financial statements will also correct other errors identified during prior periods, which were immaterial individually and in the aggregate. Click Read More below for additional information.
Read More

Shelf impact starts in the customer’s mind

Brands today must align all aspects of their packaging development and production to satisfy the needs and preferences of a new generation of consumers. Skilful optimisation of point-of-sale packaging has never been more important for food and beverage brand owners. A key component is ensuring that primary and secondary packaging designs, materials and missions are fully aligned in order to attract consumers and satisfy their needs. Consumer brands today face many challenges – from an explosion in the number of competitors and the resulting struggle to get noticed on the retail shelf, to rising demand for sustainability and changing consumer demographics. Click Read More below for additional information.
Read More

End of an Era for Last Shop on Chicago’s Once Fabled Printer’s Row

Palmer Printing has been the last printer on Printer’s Row since 2007, when Rider Dickerson moved to a different location. But it too has recently made the decision to relocate - a move that President Ed Rossini and his father and former owner Ciro Rossini felt was the next logical step for the company. In December 2017, Ciro Rossini, who owns the building where Palmer Printing is housed, decided to sell it to Chicago residential developer CMK. According to Ed Rossini, the company is in the process of looking for a new location with plans to move this year. In the past 10 years, Ed Rossini says that the Printer’s Row area has evolved into a vibrant, energetic neighborhood with the addition of universities, restaurants, bars and shops. Click Read More below for additional information.
Read More

Rayonier Advanced Materials Reports First Quarter 2018 Results

• First quarter 2018 net income of $24 million and EBITDA of $86 million • Diluted earnings per share of $0.38; 153 percent increase from prior year • Pulp contributed significant EBITDA; Forest Products delivered solid profitability despite duties on U.S. sales; High Purity Cellulose impacted by production issues in two facilities and a spike in energy costs • Integration of Tembec progressing as planned with significant contributions to first quarter profitability • $7 million of transformation and synergy savings achieved; on track to meet 2018 target of $40 million. Click Read More below for additional information.
Read More

Gannett Reports First Quarter Results

First Quarter 2018 Consolidated Results • Operating revenues were $723.0 million, compared to $773.5 million in the first quarter of 2017. • Favorable changes in foreign currency exchange rates benefited revenues by $7.5 million. • Same store, day adjusted (1) operating revenues declined 7.2%, an improvement compared to the 8.8% decline in the fourth quarter of 2017. The improvement was due to stronger digital advertising revenue and our strategic subscriber pricing initiatives. • Total digital revenues increased 9% to $255.5 million, or approximately 35% of total revenue. • GAAP net losses were $0.4 million, including $14.4 million of after-tax restructuring, asset impairment charges and other costs. Click Read More below for additional information.
Read More

U.S. states, industry join call for end to Trump’s newsprint tariff

An organization of western U.S. states and Canadian provinces is joining the call for the U.S. government to drop its preliminary duties on imported newsprint and book paper. The U.S. Commerce Department has imposed preliminary duties on Canadian uncoated paper that total more than 28 per cent. That’s adding greatly to the costs of U.S. newspapers that are already struggling, says the executive of the Pacific Northwest Economic Region, a group of government and private-sector representatives. PNWER members include B.C., Alberta, Saskatchewan, Yukon, Alaska, Washington, Oregon, Idaho and Montana, with a head office in Seattle. Its executive statement, released Thursday, notes that the U.S. paper industry has shifted away from newsprint as demand in the U.S. has declined by 75 per cent since 2000. Click Read More below for additional information.
Read More

Iran nuclear worries pushes crude oil to 4-year high

Brent crude on Monday touched its highest level since 2014 as oil prices increased on rising tension between the US and Iran. The international oil price, which has benefited from a lift in US demand and Opec supply constraints this year, rose nearly 1 per cent to $75.53 in European trading after earlier hitting a session peak of $75.89, its highest level since November 2014. Click Read More below for additional information.
Read More

Interfor Reports Q1’18 Results

Interfor Corporation recorded net earnings in Q1’18 of $33.0 million, or $0.47 per share, compared to $36.2 million, or $0.52 per share in Q4’17 and $19.7 million, or $0.28 per share in Q1’17. Adjusted net earnings in Q1’18 were $36.8 million or $0.52 per share, compared to $45.1 million, or $0.64 per share in Q4’17 and $22.7 million, or $0.32 per share in Q1’17. Adjusted EBITDA was $81.1 million on sales of $527.6 million in Q1’18 versus $89.5 million on sales of $532.8 million in Q4’17. Click Read More below for additional information.
Read More

AT&T Wants Supreme Court To Strip FTC Of Authority Over Broadband

AT&T plans to ask the Supreme Court to reverse a high-profile decision that restored the Federal Trade Commission's authority to prosecute broadband providers, the telecom said this week in court papers. The company's statement came in a status report submitted to U.S. District Court Judge Edward Chen in the Northern District of California. He is presiding over an FTC lawsuit alleging that AT&T duped millions of wireless customers by promising unlimited data, but throttling their speeds after they hit a monthly data cap. AT&T argued that the lawsuit should be dismissed on the ground that the FTC lacks authority over telecoms like itself. Click Read More below for additional information.
Read More

Going beyond forests: PEFC to open certification to farmers and agroforestry – Give your feedback now!

Our revised Sustainable Forest Management benchmark is now up for public consultation, and we are asking you to share your insights and knowledge to help us further improve this vital document. Our Sustainable Forest Management benchmark is at the core of what we do. It provides the basis for the requirements that forest owners or managers must meet to achieve PEFC certification at local level. We therefore need to ensure that it continues to meet the demands and expectations – now and in the future. From expanded social requirements to refined definitions within the forest, and even the opportunity to broaden the scope of sustainable forest management; together with our stakeholders we have moved this benchmark forward – and now we need to hear from you. Click Read More below for additional information.
Read More

Unplanned Shutdown of Rottneros Vallvik Mill has a Negative Impact on Production

Production in the Vallvik Mill has been affected by an unplanned shutdown due to disturbances in the bleaching plant and the recovery boiler. Repair work is underway and normal production is scheduled for Wednesday 9 May. The shutdown represents an estimated production loss of about 6,000 tonnes corresponding to approximately 6 percent of the Group's total planned production for the quarter.
Read More

Mohawk Announces Price Increase on Envelope Products

Mohawk is announcing a price increase of 3.0% on all Domtar Lynx ® and and Earth Choice® Envelopes, and on all International Paper Accent ® Opaque and Springhill ® Envelopes effective with orders taken on June 4, 2018. This price increase will be applied to all contracts and promotions, within agreed upon terms, which include these grades. Manufacturing orders for these envelopes on file with Mohawk prior to June 4, but shipping after that date, will retain the agreed upon price.
Read More

Price Increase Announcement – Select HP Large Format Supplies

Effective June 1st, HP is increasing the list prices on select large format supplies (some SKUs will not change – including PageWide XL and HP T3500 DesignJet eMFP ink SKUs). Actual price increases will vary by SKU, between 3% and 15%. As part of HP’s normal portfolio management process, the company regularly reviews pricing for all its products and adjusts accordingly.
Read More

U.S. Paper Recovery Rate Reaches 65.8 Percent in 2017

“Paper recycling brings continued economic, environmental and social benefits to communities across the country,” said AF&PA President and CEO Donna Harman. “We thank the millions of Americans who choose to recycle every day for their essential contributions to paper recycling’s success.” “Paper is one of the most successfully recovered and recycled commodities in the U.S. because of our strong, market-driven voluntary system,” said AF&PA Board Chairman and GEC Packaging Technologies CEO John Rooney. “Our industry will continue to support and implement education programs and initiatives that drive awareness and increase access to paper recycling.” Click Read More below for additional information.
Read More

Mercer International Inc. Reports Record First Quarter Results

Mr. David M. Gandossi, the Chief Executive Officer, stated: "We are pleased with our performance and results for the first quarter of 2018 as: * we generated record Operating EBITDA of $99.4 million in the current quarter; * in 2018 we continued realizing on identified fiber synergies between the Friesau Facility and our German pulp mills. In the first quarter of 2018, including fiber, we estimate we have realized approximately $3.5 million of synergy savings; and * our pulp mills had solid production in the current quarter, with no scheduled maintenance downtime. Click Read More below for additional information.
Read More

Oceanwood new owner of Norske Skog AS

Oceanwood has entered into a sale and purchase agreement (the SPA*) to buy the entire issued share capital of Norske Skog AS (Norske Skog). Following a four-month competitive auction process, in which more than 100 prospective bidders were approached, Oceanwood emerged as the winning bidder by offering the highest value in cash for the shares and the intercompany loans. John Chiang, an Investment Adviser of Oceanwood, says: “Our first investment in Norske Skog was back in 2015 and we have supported and worked constructively with the group since. In November 2017, as it became apparent that it would be difficult to reach a consensual solution and solve the financial issues in the former Norske Skogindustrier holding structure, we decided to act to protect the operating companies. With the subsequent auction process now concluded, we are very excited to team up with Norske Skog’s management and employees. We share the ambition to see the new Norske Skog Group succeed and to realise the potential that we believe is inherent in the business as it continues to transform and grow.” Click Read More below for additional information.
Read More

Novolex To Acquire The Waddington Group From Newell Brands

Novolex, a portfolio company of The Carlyle Group and an industry leader in packaging choice and sustainability, announced it will acquire The Waddington Group from Newell Brands, Inc. The transaction is expected to close in approximately 60 days. Headquartered in Covington, Ky., The Waddington Group is a global manufacturer and marketer of packaging and disposables serving the foodservice, bakery, deli, produce and confectionery markets. Novolex is a leading provider of packaging solutions serving retail, grocery, food service, hospitality, institutional and industrial markets. Click Read More below for additional information.
Read More

Smurfit Kappa Group plc Q1 2018 Trading Update

First Quarter Overview – Significant year-on-year improvement across all key metrics * Group underlying1 revenue growth of 7% year-on-year * Group EBITDA growth of 22% year-on-year to €340 million * EBITDA margin of 15.7%, significant year-on-year improvement * Increased ROCE of 16.1% * Improved net debt to EBITDA ratio of 2.2x; medium-term target of 1.75x to 2.5x. Click Read More below for additional information.
Read More

LSC Communications Expands Relationship with Workman Publishing to Include End-to-End Order-to-Cash & Digital Content Management Services

LSC Communications announced a multi-year agreement with Workman Publishing that renews and expands the companies’ relationship. In addition to renewing its printing, warehousing, fulfillment and distribution services, LSC will provide Workman with end-to-end Order-to-Cash (“OTC”) services. LSC’s OTC platform includes customer service, order and credit management, invoicing, cash application, and dispute resolution, as well as sales and inventory analysis reporting. Workman will also join LSC’s digital content management platform Harvest, which provides publishers with opportunities to increase ebook sales through online marketplace monitoring, sales analysis & keyword generation. The relationship between Workman and LSC goes back more than forty years. Since 1973, LSC (originally through Banta/RR Donnelley) has been Workman’s largest print vendor, responding with tremendous creativity to Workman’s needs for unusual formats and display ideas. In 1978 it also became Workman’s warehousing and distribution partner. Click Read More below for additional information.
Read More

LSC Communications Reports First Quarter 2018 Results

First quarter net sales were $929 million, up $108 million, or 13.2%, from the first quarter of 2017. After adjusting for acquisitions, changes in foreign exchange rates, pass-through paper sales, and the adoption of new revenue recognition standards, organic net sales decreased 1.7% from the first quarter of 2017 which represents an improvement in the Company’s organic net sales trend. This improvement was driven by sales performance in the Print segment, especially within the book reporting unit, that was more than offset by the impact of customer inventory reductions in the Office Products segment. GAAP Net Income: First quarter 2018 net loss was $11 million, or $0.32 per diluted share, compared to a net loss of $1 million, or $0.02 per diluted share, in the first quarter of 2017. The first quarter 2018 net loss included after-tax charges of $7 million and first quarter 2017 net income included after-tax charges of $5 million, both of which are excluded from the presentation of non-GAAP net income. Click Read More below for additional information.
Read More

Resolute Reports Preliminary First Quarter 2018 Results

The company recorded operating income of $48 million in the quarter, compared to $53 million in the fourth quarter of 2017. Operating results benefitted from the continued positive price momentum across most of our product offerings ($37 million), a decrease in maintenance outages and lower share-based compensation expense. These favorable elements were not sufficient to offset the significant increase in freight costs, seasonally higher energy costs, aggravated by unusually cold weather conditions, an increase in market-based stumpage fees and a decrease in shipments. Sales volumes were lower due to transportation challenges, timing of export sales, seasonally lower demand for supercalendered papers and lower productivity. The operating results in the previous quarter also included a gain on the disposition of assets of our Mokpo (South Korea) paper mill ($13 million). Click Read More below for additional information.
Read More

Metsä Group’s comparable operating result in January–March 2018 was EUR 208 million

January–March 2018 (1–3/2017) *Sales were EUR 1,428 million (1–3/2017: EUR 1,216 million). *Operating result was EUR 208 million (131). Comparable operating result was EUR 208 million (128). *Result before tax was EUR 185 million (130). Comparable result before tax was EUR 185 million (126). *Comparable return on capital employed was 16.6% (12.5). *Cash flow from operations was EUR 34 million (-1). Click Read More below for additional information.
Read More

Metsä Board’s comparable operating result in January–March 2018 was EUR 69 million

January–March 2018 (10–12/2017) • Sales were EUR 492.3 million (451.3). • Comparable operating result was EUR 69.0 million (54.4), or 14.0% (12.0) of sales. The operating result was EUR 69.0 million (54.4). • Comparable earnings per share were EUR 0.15 (0.12), and earnings per share were EUR 0.15 (0.12). • Comparable return on capital employed was 15.8% (12.4). Click Read More below for additional information.
Read More

ANDRITZ GROUP: Results for the first quarter of 2018

Order intake at 1,532.8 million euros (MEUR) reached a very favorable level and was thus only slightly below the high level of the previous year’s reference period (-1.7% versus Q1 2017: 1,560.0 MEUR). The Hydro, Metals, and Separation business areas saw very positive development and were able to achieve – partially significant – increases in order intake compared to the previous year. Sales decreased to 1,291.0 MEUR and were thus 6.9% below the level of the previous year’s reference period (Q1 2017: 1,386.2 MEUR). This is largely due to a decline in sales in Pulp & Paper (a large pulp mill project still had a significant impact on sales in the previous year’s reference period) and Metals (decline in sales due to the low order intake in the second and third quarter of last year). Click Read More below for additional information.
Read More

Aptar Acquires Reboul, An Established and Innovative Leader in Prestige Beauty Packaging

AptarGroup, Inc. announced that as of May 1, 2018, it has acquired Reboul from Vacheron Industries SAS. Reboul is a French leader in the design and industrial production of high-quality metal components, metal-plastic sub-assemblies, next generation lipstick mechanisms, and complete color cosmetic packaging solutions. This strategic acquisition brings to Aptar complementary and distinctive capabilities including deep metal drawing, high speed metal stamping, as well as differentiated lipstick mechanism design and manufacturing. The transaction positions Aptar well to capitalize on growth in the color cosmetics market, while further strengthening its ability to serve customers in the skincare and fragrance markets. Click Read More below for additional information.
Read More

Berry Global Group, Inc. Reports Second Quarter Fiscal 2018 Results

The net sales increase of $161 million from the prior year quarter was primarily attributed to acquisition net sales of $106 million, selling price increases of $59 million due to the pass through of higher resin prices, and a $34 million favorable impact from foreign currency changes, partially offset by a 2% base volume decline. The operating income increase of $13 million from the prior year quarter was primarily attributed to acquisition operating income of $20 million, a $13 million decrease in selling, general and administrative expense due to synergies and cost reductions, a $7 million decrease in depreciation and amortization, and a $5 million favorable impact from foreign currency changes, partially offset by a $22 million negative impact from under recovery of higher cost of goods sold, and a $7 million negative impact from lower base volumes, and a $3 million increase in business integration expenses. Click Read More below for additional information.
Read More

Oil slips as OPEC, Iran worries bump against U.S. output

Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran. On Wednesday, a report from the U.S. Energy Information Administration (EIA) showed a 6.2-million-barrel jump in U.S. crude inventories C-STK-T-EIA. U.S. oil production rose to a record of 10.62 million bpd, putting it ahead of Saudi Arabia, the biggest OPEC producer. U.S. drilling for new production is also increasing, encouraged by rising prices following OPEC’s production curbs. Click Read More below for additional information.
Read More

Houghton Mifflin Harcourt Announces First Quarter 2018 Results

HMH reported net sales of $220 million for the first quarter of 2018, down $2 million compared to $222 million in the same quarter of 2017. The net sales decrease was driven by a $2 million decrease in our Education segment, partially offset by a slight increase in our Trade Publishing segment. Net loss of $101 million in the first quarter of 2018 was $19 million, or 16%, lower compared to a net loss of $121 million in the same quarter of 2017, due primarily to the same factors impacting operating loss and a favorable change in our tax provision of $9 million, from an expense of $14 million for the same period in 2017 to an expense of $5 million in 2018. Click Read More below for additional information.
Read More

NORPAC to Hire 50 New Employees, Restarts Paper Machine on Limited Basis

With the U.S. uncoated groundwood papers industry starting to see a level playing field against unfairly traded imports, North Pacific Paper Company (NORPAC) CEO Craig Anneberg announced the hiring of 50 new full- and part-time employees and the limited restart of operations for Paper Machine 1 (PM1) idled this past year: "NORPAC has a world-class facility that can compete with anyone in the world on a level playing field. With the recent trade case preliminary determinations made by the Department of Commerce, important steps toward fair competition for American producers, NORPAC is excited to announce the hiring of 50 new employees and the limited restart of operations for Paper Machine 1 at our Longview facility to meet growing demand. Click Read More below for additional information.
Read More

Norbord Reports First Quarter 2018 Results

Norbord Inc. reported Adjusted EBITDA of $170 million for the first quarter of 2018 versus $103 million in the first quarter of 2017 and $204 million in the fourth quarter of 2017. The year-over-year improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes, as well as higher European panel prices. The quarter-over-quarter decrease is due to lower North American OSB price realizations and shipment volumes. North American operations generated Adjusted EBITDA of $156 million compared to $102 million in the same quarter last year and $195 million in the prior quarter. European operations delivered Adjusted EBITDA of $18 million versus $6 million in same quarter last year and $12 million in the prior quarter. Click Read More below for additional information.
Read More

SCA increases prices on publication paper

SCA increases prices on coated publication paper, CMR , and improved uncoated publication paper by 40 Euro per tonne. “We see a substantially stronger demand for publication paper, “ says Ulf Edman Vice President Sales and Marketing Publication Paper. The new prices are valid for all deliveries from July 1 this year.
Read More

Sealed Air Reports First Quarter Results

Net sales of $1.1 billion increased 10% on an as reported basis. Currency had a positive impact on total net sales of 4%, or $36 million. As reported, net sales increased across all regions. Net loss from continuing operations on an as reported basis was $208 million, or $(1.25) per diluted share, as compared to $54 million, or $(0.27) per diluted share, in the first quarter 2017. Net loss in the first quarter 2018 was unfavorably impacted by $293 million of special items, primarily related to $290 million of provisional tax expense for one-time tax on unrepatriated foreign earnings pursuant to the U.S. Tax Cuts and Jobs Act of 2017 ("TCJA"). Click Read More below for additional information.
Read More

Solenis and BASF to Combine Paper and Water Chemicals Businesses

Effective May 2, 2018, Solenis and BASF signed an agreement to combine BASF’s paper and water chemicals business with Solenis to jointly create a customer-focused global specialty chemical company. The combined company intends to operate under the Solenis brand and will be positioned to provide expanded offerings and cost-effective solutions for customers in two specialty chemical businesses: paper technologies and industrial water technologies. “Together, we have a unique opportunity to create a customer-focused global specialty chemical company with an enhanced focus and expanded offerings,” said Solenis President and CEO John Panichella, who will lead the combined company headquartered in Wilmington, Delaware, USA. “I am pleased that our cultures are closely aligned and that our companies share a strong common desire to create value for our customers. Together, as one team of experts, we will continue to strive toward excellence in innovation, sustainability and safety.” Click Read More below for additional information.
Read More

Xerox Reports First-Quarter 2018 Results

Strong start to operating cash flow, at $216 million in the quarter; Continued revenue growth in managed document services and Global Imaging Systems operations; Adjusted operating margin of 10.4 percent, down 0.6 points year-over-year; operating margin, excluding equity income, up 0.5 points; Core operating profit, excluding equity income, grew 5 percent year-over-year. Click Read More below for additional information.
Read More

The New York Times Company Reports 2018 First-Quarter Results

Total revenues for the first quarter of 2018 increased 3.8 percent to $413.9 million from $398.8 million in the first quarter of 2017. Subscription revenues increased 7.5 percent, while advertising revenues decreased 3.4 percent and other revenues increased 5.0 percent. Operating costs increased in the first quarter of 2018 to $378.0 million compared with $368.6 million in the first quarter of 2017, largely due to higher compensation costs, which was partially offset by lower print production and distribution costs. Adjusted operating costs increased to $358.5 million from $348.6 million in the first quarter of 2017. Click Read More below for additional information.
Read More

Quad/Graphics Wins U.S. Bank Credit Card Acquisition Program

Quad/Graphics Inc. announced that it has signed a multi-year, multi-million-dollar contract with U.S. Bank to manage credit card acquisition programs for hundreds of its small and mid-size regional banks. The volume for the U.S. Bank programs is significant: more than 70 million data-driven mailpieces annually. Quad, which began production on the programs earlier this year, is using its state-of-the-art direct mail platform for producing the mailpieces that are hyper-personalized with data elements highly relevant to each individual recipient to increase engagement and inspire action. In addition, Quad will engage its delivery optimization services to lower postage costs, reduce mail handling and cycle times, and offer more predictable, in-home arrival intelligence. Click Read More below for additional information.
Read More

Georgia-Pacific to close mill in Augusta

Georgia-Pacific has announced that the formerly known Augusta Select Tissue mill in Augusta, Canada, would be closing, reports WRBC. The company pinned the mill’s closure on increased competition in the industry and improved performance of other facilities. Some of the equipment will be moved to other units, while other will be sold for scrap. The property will also eventually be sold, according to the company. Click Read More below for additional information.
Read More

Resolute Announces Ratification of Unifor Labor Agreement in Canada

"We are pleased with the support expressed by our employees. The company and the union have invested a great deal of time and resources over the last several years addressing public policy issues facing our company and industry. The collaborative environment we enjoy today is built on mutual trust and transparency," said Yves Laflamme, president and chief executive officer. "Our employees and their union leaders are committed to help keep our Canadian pulp and paper mills competitive, while providing stability for our customers, shareholders, communities and other partners." The collective agreements cover approximately 1,100 hourly employees represented by Unifor at Resolute's Amos, Baie-Comeau, Dolbeau, Gatineau, Kénogami and Saint-Félicien mills in Quebec, and Thunder Bay mill and indefinitely idled Thorold facility in Ontario. The eight operations account for about 40% of the company's total pulp and paper capacity. Click Read More below for additional information.
Read More

Trend Offset Printing and LSC Communications Enter into a Definitive Agreement for Trend to Acquire LSC’s Retail Offset Printing Facilities

LSC Communications and Trend Offset Printing announced today that they have entered into a definitive agreement for Trend to acquire LSC’s retail offset printing facilities. Newspaper inserts, which are traditionally used by retailers to advertise promotional offers, are the main product produced on LSC’s retail offset assets. The agreement is subject to customary closing conditions and is expected to close during the second quarter. Anthony Lienau, Chairman of the Board of Trend Offset, commented, “This acquisition will further Trend’s commitment to the retail sector of our business. Trend Offset is dedicated to providing all clients with great customer service, superior quality and increasing speed to market across all of our plants and platforms. We look forward to providing a smooth transition for customers and employees alike.” Click Read More below for additional information.
Read More

RR Donnelley Reports First Quarter 2018 Results

Net sales in the quarter were $1.71 billion, up $48.9 million or 2.9% from the first quarter of 2017. On an organic basis, consolidated net sales increased 1.3% driven by higher volumes in both segments as well as higher fuel surcharges in Business Services, partially offset by price pressure in Business Services. From a products and services perspective, Packaging, Logistics, Direct Mail and Business Process Outsourcing accounted for most of the increase while Commercial Print was down due to ongoing secular pressure and lower specialty card sales. Gross profit in the first quarter of 2018 was $294.7 million or 17.3% of net sales versus $326.8 million or 19.7% of net sales in the prior year quarter. The favorable impact of volume growth and cost reduction initiatives was more than offset by inflationary increases, primarily in paper and costs of transportation, unfavorable changes in foreign exchange rates, operational inefficiencies due to volume reductions from two clients and modest price pressure. Click Read More below for additional information.
Read More

Quad/Graphics Reports First Quarter 2018 Results

Net sales for the first quarter ended March 31, 2018, were $968 million, representing a 3.1% decrease as compared to 2017. Organic sales declined 5.1% due to ongoing print industry volume and pricing pressures after excluding acquisitions (2.0% impact), pass-through paper sales (-0.2% impact) and foreign exchange (0.2% impact), and is consistent with previous guidance. The Company incurred a net loss of $3.5 million, or $0.07 per share, for the three months ended March 31, 2018, which included a special $22 million non-cash employee stock ownership plan contribution as part of the benefit of tax reform. Net cash provided by operating activities was $2 million for the first quarter 2018, compared to $63 million in the first quarter of 2017, and Free Cash Flow decreased $62 million to a negative $22 million. These variances were primarily due to expected timing differences in 2018 versus 2017 for cash generated from working capital, which will be weighted more towards the fourth quarter. Click Read More below for additional information.
Read More

LSC Communications and RRD Enter into a Definitive Agreement for LSC to Acquire the Print Logistics Component of RRD’s Logistics Business

LSC Communications and R.R. Donnelley & Son’s Company announced that they have entered into a definitive agreement for LSC Communications to acquire the Print Logistics component of RRD’s Logistics business. RRD’s Print Logistics capabilities include a range of logistics services and technologies to optimize the print distribution and mail supply chain, including solutions that drive postal discounts. The acquisition is expected to close in Q3 2018. President of LSC Logistics, George Zengo, commented, “As we continue to strengthen LSC’s logistics solution offering, the combination of RRD’s Print Logistics with our recent acquisitions of Fairrington and The Clark Group greatly expands our national footprint. This gives LSC the natural synergies and scale to improve service and add more value to our current client base, as well as extends our reach deeper into a variety of other industries.” Click Read More below for additional information.
Read More

Printed books have a positive future, a new survey indicates

There is a bright future for printed books, a recent survey finds. According to the results, printed books will continue to be important, relevant, interesting and still very much appreciated compared to e-books and audiobooks. As one of the leading book paper and cover providers, Stora Enso conducted a study with 80 in-depth interviews in 13 countries across Europe, Asia and North America together with research company Opticom International. The aim was to gain a better understanding of the challenges and opportunities regarding book publishing and consumption. Participants included publishers, retailers, printers, merchants and new players such as audio and e-book publishers as well as companies that transfer physical books into digital format. “One of the main findings was that there is a positive future for printed books”, says Essi Lauri, VP, Head of Segment Newsprint & Book, in Stora Enso Paper division. Click Read More below for additional information.
Read More

Better with Less – Design Challenge finalists announced

The international packaging design competition Better with Less – Design Challenge, organised by Metsä Board was created to find new environmentally-friendly and functional packaging solutions for some of the world’s most frequently used and fastest growing types of consumer packages. The competition was launched in November and by the time it closed at the end of March 2018 there had been an impressive 302 design concepts entered from 38 different countries. The competition jury included several renowned packaging design experts who now have selected the following ten finalists: Janne Asikainen - Koepala Cup Pocket™; Jeroen Caelen - Plastic banning toilet roll; Abdullah Cam - Moisture Face Creme Cosmetic Package; Insik Chung - ECO cake tray; Alessandro Grossi - Playing nature; Gerlinde Gruber - Fune - Sushi take-away; Sī Míng Guì - A scarf which can be turned into a hanger; Yukihiro Hozumi - Paperboard pocket tissue case; Pawel Krawczugo - Twist; Iiro Numminen - Stretching inner part. Click Read More below for additional information.
Read More

Allen Press Leads the Way with 19 Printing Awards at PIA GraphEx 2018

Allen Press, Inc. is the recipient of 19 awards from the Printing & Imaging Association of MidAmerica’s 2018 Graphic Excellence Competition (GraphEx). The 19 awards are the most of any company competing in the 2018 GraphEx competition. Of the winning submissions, 9 entries were Best of Category with the 2018 Alaska by Rail Calendar winning a Best of Kansas City Bronze Award and Orchids winning a Division III Silver Award. Click Read More below for additional information.
Read More

Oil Trades Near $68 Before U.S. Stockpile Data, Iran Decision

Futures in New York increased 0.6 percent after a 1.9 percent drop on Tuesday. U.S. crude inventories rose 3.43 million barrels last week, the American Petroleum Institute was said to report. That compares with a 1.23 million-barrel gain in a Bloomberg poll of analysts ahead of Wednesday’s government data. The oil market has priced in a more than 50 percent probability that the U.S. will sanction Iran, according to Standard Chartered Plc. If the API’s stockpiles data is reflected in the government announcement, it would be the biggest build since early March. The industry body was also said to show crude inventories in the American oil-storage hub of Cushing, Oklahoma, rose by 725,000 barrels last week. Gasoline stocks increased by 1.6 million barrels while distillates declined 4.08 million. Click Read More below for additional information.
Read More

Heidelberg presents new Versafire EP high-performance digital printing system

“The new Versafire EP delivers extremely stable production at a constantly high speed,” sums up Marcus Unterleider, Managing Director of the Unterleider Medien Gruppe. The company, based in Rödermark, has been testing the new high-performance digital printing system from Heidelberger Druckmaschinen AG (Heidelberg) for several weeks. The Versafire EP is based on the tried-and-tested platform of the Versafire CP and has been systematically enhanced for the needs of customers in the graphics industry. Like the recently introduced Versafire EV (press released from 20 March 2018), the Versafire EP has been developed for flexible production and maximum performance. Both machine models from Heidelberg feature the Prinect Digital Frontend (DFE) and an intuitive user interface that simplifies prepress work. Click Read More below for additional information.
Read More

Top takeaways from the first European shopping bag summit

Challenges, opportunities and new ways of working were the topics of the day at Europe’s first shopping bag summit, hosted by Mondi. The paper bag industry took an important step towards sustainable innovation when leading shopping bag converters, suppliers and customers came together in Prague on 19 April for Let’s Paper the World 2018 – the first European shopping bag summit, organised by Mondi Group’s Speciality Kraft Paper segment. Participants included global brands Benetton, H&M and REWE Group; bag manufacturers; papermakers and paper associations; ink and glue producers; bag machine manufacturers; and market intelligence leader Mintel. Click Read More below for additional information.
Read More

Shutterfly Announces First Quarter 2018 Financial Results

Net revenues were $199.7 million, a 4% year-over-year increase. Shutterfly Consumer net revenues totaled $152.1 million, a 5% year-over-year decrease which was consistent with the Company's expectations of a mid-single digit decline in the first quarter of 2018 as indicated on prior earnings calls. Shutterfly brand growth was supported by strong performance in Photo Books as well as the Wedding Shop, which was launched in the third quarter of 2017, and was offset by anticipated revenue declines in the non-Shutterfly brands due to the platform consolidation and the brand shutdowns over the course of 2017. Shutterfly Business Solutions net revenues totaled $47.7 million, a 52% year-over-year increase. GAAP operating loss totaled $34.1 million and net loss was $27.2 million or a $0.83 loss per share. Adjusted EBITDA was $7.1 million, a $9.0 million year-over-year increase primarily due to growth in the Shutterfly brand and the benefits of the platform consolidation and restructuring. Click Read More below for additional information.
Read More

Transcontinental Inc. completes the transformational acquisition of Coveris Americas

Transcontinental Inc. is pleased to announce that it has completed the previously announced acquisition of the business of Coveris Americas, a business previously held by Coveris Holdings S.A. Headquartered in Chicago, Illinois, Coveris Americas manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films, coated substrates and labels. Coveris Americas operates 21 well invested production facilities in the United States, Canada, Ecuador, Guatemala, Mexico, the United Kingdom, New Zealand and China. With this Acquisition, TC Transcontinental welcomes 3,100 employees, the majority of whom are located in North America and Latin America. "We could not be prouder of this historical acquisition as we become a North American leader in flexible packaging,” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “We started building our Packaging network only four years ago through a robust acquisition strategy to complement our well established printing and media operations and, today, the acquisition of Coveris Americas marks a major milestone in our continued journey to long-term profitable growth." Click Read More below for additional information.
Read More

Apple’s newest campus includes 9000 trees!

Apple has introduced a new campus called the ‘Apple Park’ in Cupertino, California. It is reported that 80 percent of it will feature landscaping, which is set to include 9,000 trees. The new structure spans about a mile in circumference and is a single ring. The entire facility is powered by renewable energy. Solar panels on the roof generate up to 17 megawatts of power, enough for 75 percent of demand during peak times. The rest of the building’s needs are met by onsite fuel cells powered by biofuel or natural gas. Click Read More below for additional information.
Read More

Resolute Invests close to $13 Million in its La Doré Wood Products Facilities in Quebec

Resolute Forest Products Inc. announced major investments totaling $12,956,700 in its La Doré wood products facilities, located in the Lac-Saint-Jean region of Quebec. The announcement was made during a press conference attended by Quebec Premier Philippe Couillard, as well as dignitaries and company employees. The investments will be used to integrate new technologies into the manufacturing processes in order to sustain the facilities' continuously enhanced performance in an ever-changing competitive environment. Also through these investments, energy efficiency will be improved as operational processes are modernized. Click Read More below for additional information.
Read More

Quad/Graphics Achieves HITRUST CSF® Certification to Manage Risk, Improve Security Posture and Meet Compliance Requirements

HITRUST CSF (Common Certified Framework) certified status demonstrates that Quad/Graphics’ HealthVision™ Solution and the HiCO Environment have met key regulations and industry-defined requirements and are appropriately managing risk. This achievement places Quad/Graphics in an elite group of organizations worldwide that have earned this certification. By including federal and state regulations, standards and frameworks, and incorporating a risk-based approach, the HITRUST CSF helps organizations address these challenges through a comprehensive and flexible framework of prescriptive and scalable security controls. Click Read More below for additional information.
Read More

1-800-FLOWERS.COM, Inc. Reports Results for Its Fiscal 2018 Third Quarter

For the third quarter of 2018, total revenues increased 2.1 percent to $238.5 million compared with $233.7 million in the prior year period. On a comparable basis1 (adjusted for the sale of Fannie May Confection Brands, which closed on May 30, 2017) total revenues increased 10.2 percent. Comparable revenue growth was driven primarily by strong revenue growth of 8.9 percent in the Company’s Consumer Floral segment, combined with growth of 15.5 percent (adjusted for the sale of Fannie May) in the Company’s Gourmet Foods and Gift Baskets segment. Comparable revenue growth benefited from the shift of the Easter holiday into the period. Gross profit margin for the quarter was 39.2 percent, compared with 40.0 percent in the prior year period. Comparable gross profit margin for the prior year was 39.9 percent. Click Read More below for additional information.
Read More

Domtar Corporation Reports Preliminary First Quarter 2018 Financial Results

Domtar Corporation reported net earnings of $54 million ($0.86 per share) for the first quarter of 2018 compared to a net loss of $386 million ($6.16 per share) for the fourth quarter of 2017 and net earnings of $20 million ($0.32 per share) for the first quarter of 2017. Sales for the first quarter of 2018 were $1.3 billion. "We continued to see strong price momentum for our products in the first quarter with higher price realizations in both of our pulp and paper businesses," said John D. Williams, President and Chief Executive Officer. "Despite improved results, some of our operations were adversely affected by severe weather, notably in our pulp business, which impacted production and costs. Constrained availability of trucking options also contributed to higher than expected freight costs in the first quarter. Nevertheless, the short-term outlook for pulp and paper markets continues to be favorable." Click Read More below for additional information.
Read More

EFI Reports Record First Quarter Revenue For Q1 2018

For the quarter ended March 31, 2018, the Company reported record first quarter revenue of $239.9 million, up 5% compared to first quarter 2017 revenue of $228.7 million. GAAP net loss was $3.6 million compared to GAAP net income of $4.8 million for the same period in 2017 or $(0.08) per diluted share compared to $0.10 per diluted share for the same period in 2017. Non-GAAP net income was $17.2 million, down 33% compared to non-GAAP net income of $25.8 million for the same period in 2017 or $0.38 per diluted share, down 31% compared to $0.55 per diluted share for the same period in 2017. Cash flow from operating activities was $6.3 million compared to $14.9 million during the same period in 2017. Click Read More below for additional information.
Read More

Asia Pulp & Paper Achieves Gold Rating in EcoVadis CSR Assessment

Asia Pulp & Paper (APP) announced that it has achieved a gold rating from EcoVadis, the global leader in sustainability assessments, for its continued commitment to corporate social responsibility (CSR) throughout its business operations. This achievement places the company in the top five percent of organizations rated. This is the second time APP has received this recognition from EcoVadis. The rating is based on anextensive assessment of four key areas in APP’soperations in Indonesia and China – Environment; Labor Practice and Human Rights; Sustainable Procurement; and Fair Business Practices. Click Read More below for additional information.
Read More

New Magazine to Launch from Bauer Media’s Real-Life Portfolio

SIMPLY YOU will offer 40+ women inspirational REAL-life stories and practical tips for self-improvement. The team behind Bauer Media’s best-selling real-life magazines Take a Break and that’s life are to launch a new title. Simply You, on sale on 3 May, will feature a unique mix of inspirational and engaging real-life stories, practical advice, cost-saving tips, health advice and high-street buys. Initially, Simply You will be published monthly from May as part of a three-month trial to establish the title in the marketplace. Click Read More below for additional information.
Read More

Oil Slides While Traders Await Trump Decision on Iran Accord

Futures in New York dropped as much as 1.1 percent after rising 0.5 percent earlier. Israeli Prime Minister Benjamin Netanyahu said his country has documents that prove Iran had a program to build atomic bombs. That’s raising concern Trump may pull the U.S. out of a nuclear accord between Iran and world powers, a move that energy consultant FGE says could cut the Persian Gulf nation’s 2019 oil exports by 700,000 barrels a day. FGE Chairman Fereidun Fesharaki said Trump is likely to restore sanctions on Iran, meaning buyers would have to cut their crude purchases from the country in 180 days. The nation’s exports could drop by 200,000 to 500,000 barrels a day this year, leading to higher oil prices, he said. Click Read More below for additional information.
Read More

Introducing VIVO ColourPortal and VIVO ColourCloud

VIVO Colour Solutions, Flint Group’s Paper & Board division is proud to be the first ink supplier to offer a cutting edge end to end integrated press room digital colour management service. Adding to this platform, Flint Group announces the launch of VIVO ColourPortal and VIVO ColourCloud. VIVO ColourPortal provides a fast, structured, and professional communication interface between the customer and Flint Group’s Global Colour Centre (GCC). The GCC delivers a centralised colour service supporting a comprehensive range of colour related requests. Services range from individual colour matching and DigiSwatch creation, to group wide, multi-site, colour mapping and private colour cloud management projects. VIVO ColourPortal is how 21st century customers communicate with colour experts. Click Read More below for additional information.
Read More

Four Publishing Trade Groups Criticize Google’s Ad Policy Change in Letter to CEO

As a response to Google’s announced ad policy change for publishers on April 26, created in accordance with the European Union’s General Data Protection Regulation (GDPR) that goes into effect May 25, four publishing trade groups released a letter addressed to Sundar Pichai, Google CEO, that criticizes the demands placed on publishers as well as the lack of information provided by the company in their policy change. Top executives from Digital Content Next, European Publishers Council, News Media Alliance and News Media Association, representing publishers like Hearst, Conde Nast and National Geographic, expressed the concerns they share about the regulations placed on publishers who wish to continue using Google’s advertising services in the European Union. The three areas highlighted in the letter that pose the most concern and create uncertainty for the trade groups are Google’s Controller Terms, responsibility of obtaining legal consent, and the complete placement of liability of said consent on the publisher and not on Google. Click Read More below for additional information.
Read More

Glatfelter Reports First Quarter 2018 Earnings

Glatfelter reported first quarter of 2018 net income of $5.7 million, or $0.13 per diluted share compared with $11.6 million, or $0.26 per diluted share in the first quarter of 2017. Adjusted earnings for the first quarter of 2018 were $8.6 million, or $0.19 per diluted share compared with $17.2 million, or $0.39 per diluted share for the same period a year ago. Consolidated net sales totaled $410.6 million and $390.7 million for the three months ended March 31, 2018 and 2017, respectively. Foreign currency translation favorably impacted the year-over-year comparison by $21.8 million. On a constant currency basis, Composite Fibers’ net sales were essentially flat and Advanced Airlaid Materials’ increased by 7.8%. Specialty Papers’ net sales declined 3.1% in the year-over-year comparison. Click Read More below for additional information.
Read More

GreeNest egg packaging comes to the U.S.

Huhtamaki’s innovative GreeNest® egg packaging, using 50 percent grass fibers, is now available in the United States. In partnership with Sauder’s Eggs, Huhtamaki has introduced an environmentally conscience egg package nearly as natural as Sauder’s Pasture Raised Eggs themselves. Our GreeNest® line of molded fiber egg packaging provides the same protection as traditional molded fiber egg packaging, while being both home and commercially compostable. Customers will be able to actually see and feel the grass fibers on the surface of the packaging, reinforcing brands who value sustainability. It all comes together with a patented production technology that produces a completely natural product made from grass collected in nature reserves. The process also reduces the carbon footprint of production by 10 percent while consuming less recovered paper. Click Read More below for additional information.
Read More

LEIPA on its way to market leadership in White Top Testliner business

After first “paper on reel” on March 31st, LEIPA will soon complete the startup period of its PM 5 and begin supplying customers with uncoated White Top Testliner from PM 5. LEIPA Group CEO Peter Probst: “We look forward to growing successfully with our customers and partners. The demand for White Top Liner remains consistently high and the trend is rising. Prices are at a high level as well. These factors result in excellent conditions for the market launch of the PM 5.” As an international market leader LEIPA will have developed a one-stop shop for their customers with the PM 3 and PM 5, offering an annual total capacity of 700,000 tons of coated and uncoated White Top Testliner. Click Read More below for additional information.
Read More

Sappi North America Launches Groundbreaking Retrospective Collection, The Reflected Works, at HOW Design Live

Sappi North America announced a new addition to The Reflected Works, an educational collection showcasing the creative marketing campaigns of S.D. Warren Company, which Sappi Limited acquired in 1994. The collection originally consisted of three printed booklets and online archives, each showcasing a different area of marketing expertise, and was recently expanded to include additional work from notable designer W.A. Dwiggins. The collection demonstrates Sappi's creative leadership since 1854 as the S.D. Warren Company. Featuring various S.D. Warren advertisements, educational pieces and promotions from 1910 – 1969, the series provides a comprehensive look at how the industry has changed over the past century, as well as how it has stayed the same. Click Read More below for additional information.
Read More

HBG Makes Strides in Hitting Environmental Goals

Hachette Book Group has been one of the most steadfast publishers in reporting its annual progress on meeting its environmental goals—and late last week, the company reported it had made steady, if small, gains towards its targets. During 2017, HBG reduced its carbon footprint by 2%, slightly below its annual reduction goal of 2.5% for the 2017 to 2020 period. The company noted that expansion at the publisher—which included the integration of Perseus, the growth in title output, and the growrth in number of employees and office locations—had played a role in the slight miss of the 2.5% carbon reduction goal. Click Read More below for additional information.
Read More

AMPCo and Wiley Announce New Publishing Partnership

John Wiley and Sons Inc., announced its partnership with The Australasian Medical Publishing Company Pty Ltd (AMPCo) to publish the Medical Journal of Australia (MJA). The MJA is produced by AMPCo, a wholly owned subsidiary of the Australian Medical Association (AMA) — the most influential membership organisation representing registered medical practitioners and medical students of Australia. In the top 20 general medical journals globally, the MJA is the leading general medical journal in the Asia–Pacific region. The MJA covers issues surrounding Australian health care, clinical research and practices and developments within medicine. Wiley will assume online publishing and distribution responsibilities in January 2019. The partnership will provide institutional customers with access to the MJA via the Wiley Online Library platform. Click Read More below for additional information.
Read More

Heeter Achieves Sustainability Certification with SGP

The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications for print manufacturers, announced today Heeter has achieved SGP certification. Heeter is a service leader among single-source providers of complex print, direct mail, fulfillment and digital marketing to the casino, healthcare, pharmaceutical, retail and education industries. They focus on delivering marketing communications reliably and securely. Heeter offers innovative print solutions, advanced technology, and cost-effective distribution methods to a multitude of diverse clients. Click Read More below for additional information.
Read More

Huhtamaki acquires the majority of an Australian foodservice packaging distributor

Huhtamaki has acquired the majority of Tailored Packaging, an Australian foodservice packaging distribution and wholesale group. With the acquisition Huhtamaki gains access to a national network of distribution centers across Australia, allowing it to serve its customers even better and with more agility. Tailored Packaging is a national foodservice packaging distribution and wholesale group, founded in Sydney in 2001 and having sales offices and distribution centers in each state of Australia. Tailored Packaging employs app. 130 people and is one of the largest importers and distributors of foodservice packaging in Australia. Click Read More below for additional information.
Read More

Euro-Graph Reports Statistics of European Graphic Papers Industry

Total European shipments of graphic papers in February 2018 were down 3.7% vs. February 2017 and are down 2.7% year-to-date. Total European shipments of newsprint in February 2018 were down 9.0% vs. February 2017 and are down 7.1% year-to-date. Total European shipments of sc-magazine in February 2018 were down 5.2% vs. February 2017 and are down 7.8% year-to-date. Total European shipments of coated mechanical reels in February 2018 were UP 2.6% vs. February 2017 and are UP 4.6% year-to-date. Total European shipments of uncoated mechanical (improved & others) in February 2018 were UP 9.9% vs. February 2017 and are UP 12.3% year-to-date. Total European shipments of coated woodfree in February 2018 were down 7.6% vs. February 2017 and are down 4.4% year-to-date. Total European shipments of uncoated woodfree in February 2018 were down 3.5% vs. February 2017 and are down 4.4% year-to-date. Click Read More below for additional information.
Read More

Oil Pares Monthly Gain as U.S. Rigs Counter Iran-Deal Risk

Futures in New York are up 3.7 percent this month, even after a 1 percent drop on Monday, following data that showed an increase in U.S. drilling activity. A potential withdrawal in May by U.S. President Donald Trump from a 2015 nuclear deal between world powers and Iran would reimpose sanctions on the Middle Eastern producer and curb its exports. Meanwhile, OPEC is trimming output even after concluding it has cleared 97 percent of the surplus that has weighed on prices. “Obviously the rig count that came on Friday was quite bearish,” says Torbjorn Kjus, chief oil analyst at DNB Bank ASA. “There’s a lot of profit in the books here for the non-commercials. You shouldn’t be surprised if there’s a $5 flush out and some profit taking.” In the U.S., working oil rigs rose by five last week to 825, the highest level since March 2015, according to data from Baker Hughes. Click Read More below for additional information.
Read More

PRC Evaluates USPS 2017 Performance and 2018 Performance Plan

The Postal Regulatory Commission (Commission) issued its analysis of the United States Postal Service (Postal Service) fiscal year (FY) 2017 Annual Performance Report and FY 2018 Performance Plan. Each year, the Commission must review the Postal Service’s performance goals, evaluate whether the Postal Service met those goals in the previous fiscal year, and offer recommendations regarding the protection or promotion of public policy objectives. The Commission’s review finds that, for the first time, the Postal Service’s FY 2018 Plan complies with legal requirements, and the FY 2017 Report meets most of the requirements. The report further provides an in-depth evaluation of the Postal Service’s four performance goals: 1) High-Quality Service, 2) Excellent Customer Experiences, 3) Safe Workplace and Engaged Workforce, and 4) Financial Health, which either did not meet or only partially met FY 2017 targets. Click Read More below for additional information.
Read More

Tetra Pak to Develop Paper Straws for Its Portion-size Carton Packages

Tetra Pak aims to launch a paper straw that is suitable for its portion-sized carton packages before the end of the year, as part of a broader programme to help address the issue of plastic straw waste. Straws play an integral functional role on portion packages, but if not properly disposed of, they then become part of the plastics waste problem. The company has been working to encourage consumers to push straws “back in the pack” once empty, so they can be collected along with the rest of the package. Now, work is under way to develop a paper straw that is suitable for use on its portion-size carton packages. Click Read More below for additional information.
Read More

Millennials, Small Business Owners Favor Professionally Printed Materials

A new survey released by FedEx Office, a leading provider of printing, packing and shipping services and a subsidiary of FedEx Corp., shows that consumers and small business owners find comfort and prefer tangible, printed materials, despite an increasingly digital and on-demand society. More than nine in 10 consumers agreed there will always be a need for printed materials, with almost half (49 percent) of those surveyed saying a world without paper would make them feel stressed or annoyed. In the survey, FedEx Office explored the opinions of consumers and small business owners to learn more about their preferences and purchasing habits regarding professional printing services. Click Read More below for additional information.
Read More

TC Media sells its 30 publications in the Montréal and Québec City areas

Transcontinental Inc.’s Media Sector, TC Media, announced the sale of 30 publications, including 21 weeklies in the Montréal area, the Métro Montréal weekday newspaper, as well as 8 publications in the Québec City area to a Canadian corporation of which Mr. Michael Raffoul, a Montréal-based businessman, is President. The transaction includes all web properties related to the titles sold as well as the Québec Hebdo website. In total, 119 employees of the various publications and 20 employees from TC Media’s Production team are transferred to the acquirer. TC Transcontinental also concluded a multi-year agreement for the printing of all of these titles, as well as for the distribution, with the exception of Métro Montréal, which is already under contract with Mr. Raffoul’s print media distribution company. In addition to the Métro Montréal newspaper, the Montréal-area publications included in this transaction are: Ambiance/Rendez Vous, L’Avenir de l’Est, Cités Nouvelles, Courrier Ahuntsic, Courrier Bordeaux-Cartierville, Corriere Italiano, L’Express d’Outremont – L’Express Mont-Royal, Le Flambeau Mercier-Anjou, Le Guide Montréal-Nord, Le Magazine de l’Île-des-Soeurs, L’Informateur de Rivière-des-Prairies, Journal de Rosemont, Messager Lachine & Dorval, Le Messager LaSalle, Le Messager Verdun, Nouvelles Hochelaga-Maisonneuve, Les Nouvelles Saint-Laurent News, Le Plateau, Progrès Saint-Léonard, Villeray–Parc-Ex Petite Patrie and La Voix Pop. For the Québec City area: L’Actuel, L’Appel, L’Autre Voix, Beauport Express, Charlesbourg Express, Le Jacques-Cartier, Journal Habitation and Le Québec Express, as well as the Québec Hebdo website. Click Read More below for additional information.
Read More

Publishers Welcome 2018 USTR Special 301 Report Addressing Copyright Protection and Enforcement Issues

The Association of American Publishers (AAP) welcomes the release of the 2018 Special 301 Report by the Office of the U.S. Trade Representative (USTR). The Report highlights key markets in which publishers have significant copyright concerns and face market-access barriers. The Report is a critical tool for policymakers to identify barriers that impede the ability of U.S. copyright owners to compete in foreign markets. The Report notes that the U.S. “remains deeply troubled by the ambiguous education-related exception to copyright that has significantly damaged the market for educational publishers and authors.” This overbroad fair dealing exception for education has led to systematic, uncompensated copying and confusing guidance to courts. Reform is necessary to instill balance into the law and ensure that authors and publishers are appropriately compensated for the use of their works. Click Read More below for additional information.
Read More

McClatchy Reports First Quarter 2018 Results

Total revenues in the first quarter of 2018 were $198.9 million, down 10.1% compared to the first quarter of 2017. Headwinds that impacted advertising included continued declines in print advertising and difficulties faced in retail advertising. Total advertising revenues were $99.9 million, down 16.7% in the first quarter of 2018 compared to the first quarter of 2017. Digital-only advertising revenues grew 21.6% and total digital advertising revenues were up 7.6% over the same period in 2017. Adjusted net loss, which excludes the items above, was $20.3 million. Adjusted EBITDA was $17.4 million, down 24.5% compared to the first quarter last year. Operating expenses were down 10.6% while adjusted operating expenses, which exclude non-cash and certain other charges, were down 8.4% compared to the same quarter last year. Click Read More below for additional information.
Read More

Resolute’s 2017 Annual and Sustainability Report Now Available

Resolute reports on business and sustainability results together – an approach that reinforces our vision that profitability and sustainability drive our future. The 2017 Annual and Sustainability Report features three principal components. The Economic section outlines our corporate business and sustainability strategies, the Environmental section includes updates on our sustainability performance; and the Social section provides insight into our continuous efforts to be a better employer, a stronger business partner, and even more deeply engaged in the communities in which we live and work. I invite you to learn more about Resolute’s rewarding culture by reading the online version of our 2017 Annual and Sustainability Report. Click Read More below for additional information.
Read More

Discover Financial Services Reports First Quarter Net Income of $666 Million or $1.82 Per Diluted Share

First Quarter Highlights • Total loans grew $6.9 billion (9%) from the prior year to $82.7 billion. • Credit card loans grew $5.8 billion (10%) to $65.6 billion, on Discover card sales volume of $30.9 billion. • Total net charge-off rate, excluding purchased credit-impaired ("PCI") loans, increased 48 basis points from the prior year to 3.17% and the total 30+ day delinquency rate excluding PCI loans increased 26 basis points from the prior year to 2.23%. • Consumer deposits grew $4.2 billion (11%) from the prior year to $41.3 billion. • Payment Services transaction dollar volume was $56.1 billion, up 19% from the prior year. Click Read More below for additional information.
Read More

WestRock Reports Strong Fiscal 2018 Second Quarter Results

Second Quarter 2018 Highlights •Earned $0.86 per diluted share and $0.83 of adjusted earnings per diluted share compared to $0.40 per diluted share and $0.54 of adjusted earnings per diluted share in the prior year quarter, up 115% and 54%, respectively. •Segment EBITDA increased $122 million, or 22%, compared to the prior year quarter. •Corrugated Packaging Segment EBITDA increased 39% compared to the prior year quarter. The segment delivered a Segment EBITDA margin of 18.9% and a North American Adjusted Segment EBITDA margin of 20.5%, up 410 and 460 basis points, respectively, compared to the prior year quarter. •Pulp & Paper Week published North American price increases across all of WestRock’s major grades, including containerboard, SBS, CNK, CRB and URB. •Achieved $64 million in year-over-year productivity and a run rate of $975 million of synergy and performance improvements since the creation of WestRock.. Click Read More below for additional information.
Read More

Stora Enso Interim Report January–March 2018

Q1/2018 (year-on-year) · Sales increased by 3.3% to EUR 2 579 (2 497) million, primarily due to favourable prices and the ramp-up of strategic investments. · Operational EBIT increased 72% to EUR 369 (215) million as announced on 13 April, mainly due to favourable prices and mix optimisation combined with continued successful ramp-ups of the strategic investments. · The operational EBIT margin was 14.3% (8.6%), the highest for any quarter since 2001. · EPS was EUR 0.35 (0.14). EPS excl. IAC increased to EUR 0.35 (0.17). · Balance sheet strengthened further and net debt was reduced by EUR 485 million; the net debt to operational EBITDA ratio improved to 1.3 (1.9). Click Read More below for additional information.
Read More

Suzano Pulp and Paper announces its 1Q18 Earnings

1Q18 HIGHLIGHTS • Strong Results: Adjusted EBITDA² of R$1.5 billion and ROIC of 17.4% • Solid performance in the pulp segment: Adjusted EBITDA²/ton of R$ 1,467/ton (+ 103% vs. 1Q17) • Lower cash costs in LTM: R$573/ton, down 5.3% from LTM 1Q17 • Implementation of price increase and recovery of paper segment: Adjusted EBITDA²/ton of R$ 855/ton (+22% vs. 1Q17) • Investments: announcement of the combination with Fibria’s assets • Tissue: integration of operations with Facepa and segmented results as from 2nd half of 2018 • Financial Solidity: reduction in net debt, with leverage ratio of 1.7x Net Debt/ Adjusted EBITDA (in BRL and USD). Click Read More below for additional information.
Read More

Amazon.com Announces First Quarter Sales up 43% to $51.0 Billion

Net sales increased 43% to $51.0 billion in the first quarter, compared with $35.7 billion in first quarter 2017. Excluding the $1.6 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 39% compared with first quarter 2017. Operating income increased 92% to $1.9 billion in the first quarter, compared with operating income of $1.0 billion in first quarter 2017. Net income was $1.6 billion in the first quarter, or $3.27 per diluted share, compared with net income of $724 million, or $1.48 per diluted share, in first quarter 2017. Click Read More below for additional information.
Read More

Aptar Reports First Quarter Results

First Quarter Summary • Reported sales increased 17%, including the positive effect of currency rates (+10%) • Core sales, excluding currency effects, rose 7% driven by growth in each business segment • Reported net income (8% of net sales) increased 14% to $59 million • Adjusted EBITDA (19% of net sales) increased 17% to $134 million • Reported earnings per share grew 14% to $0.92 and included costs associated with our business transformation ($0.07 per share) • Adjusted earnings per share of $0.99 compared to prior year reported earnings per share of $0.81 (+22%) and to prior year currency adjusted earnings per share of $0.90 (+10%) • Business transformation progressing as planned. Click Read More below for additional information.
Read More

Oil Steadies as Traders Weigh Impact of Korea Summit, Iran Deal

Futures in New York slipped 0.4 percent, on course for a 0.7 percent drop this week. French President Emmanuel Macron earlier this week predicted President Donald Trump will exit the Iran agreement, while U.S. Defense Secretary Jim Mattis said Thursday a decision on a withdrawal hasn’t been made. North Korean leader Kim Jong Un and South Korean President Moon Jae-in agreed to finally end seven decades of hostile relations this year. Oil this month touched the highest level in more than three years as speculation swirled over the potential breakup of the nuclear accord that Iran signed with world powers in 2015. The deal had lifted sanctions on the Islamic Republic, enabling it to boost oil production by about 1 million barrels a day. Investors are also watching global inventories amid signs that production cuts by the Organization of Petroleum Exporting Countries and its allies could continue to deepen while American output soars. Click Read More below for additional information.
Read More

S&P Global Reports First Quarter Results

U.S. revenue increased 1% and international revenue, led by gains in EMEA and Asia-Pacific, increased 10%. International represented 44% of first quarter revenue. With the exception of U.S. public finance, every major ratings sector delivered revenue growth with the largest gain in structured products. Operating profit increased by 9% to $408 million. The operating profit margin improved 220 basis points to 55% compared to the first quarter of 2017. Adjusted operating profit increased 8% to $408 million. The adjusted operating profit margin improved 190 basis points to 55%. Click Read More below for additional information.
Read More

Spectrum Printing & Graphics Joins Two Sides

“We welcome Spectrum Printing & Graphics to the growing Two Sides network and look forward to working with them to promote the unique sustainable features of print and paper. Our membership now includes several commercial printers from family-owned businesses to large operations – they have been instrumental in educating their stakeholders about the great environmental story of print,” said Two Sides North America President, Phil Riebel. "Getting the facts straight about the positive story that the paper and printing industries have related to the environment and the economy is very important to us – it has been misunderstood for years. We are excited to help Two Sides convey an accurate message to the marketplace, our customers, employees and vendors," says Andrew Berman, President, Spectrum Printing & Graphics.
Read More

International Paper Reports First Quarter 2018 Earnings

Printing Papers operating profits in the first quarter of 2018 were $64 million versus $136 million in the fourth quarter of 2017. In North America, the benefits from increased sales prices and a favorable mix were more than offset by higher planned maintenance outages and higher input costs related to transportation and energy. In Brazil, seasonally lower sales volumes and an unfavorable geographic and product mix exceeded the benefits from higher sales price realizations. In Europe and Russia, earnings decreased due to higher planned maintenance outage costs, higher input costs and lower sales volumes, partially offset by improved pricing. Industrial Packaging operating profits in the first quarter of 2018 were $437 million ($464 million excluding special items) compared with $609 million ($614 million excluding special items) in the fourth quarter of 2017. In North America, strong demand in box and export containerboard markets, along with price realization, were more than offset by seasonally lower sales volume, production constraints due to weather related disruptions and maintenance outage costs. Click Read More below for additional information.
Read More

LSC Communications Awarded Multi-Year Book Publisher Services Agreement with Taylor & Francis Group

LSC Communications has embarked on a new strategic relationship with international academic publisher Taylor & Francis Group, a division of Informa plc, to provide print, fulfillment and distribution services. According to Dave McCree, President of Book Sales at LSC Communications, “We are very excited about the opportunity to work with Taylor & Francis. LSC has been diligently focused on creating a scalable, customizable and fully integrated supply chain model for publishers that brings efficiencies to the next level, and we will continue to innovate new ways to support Taylor & Francis and our other global publishing clients.” Click Read More below for additional information.
Read More

Bemis Company Reports First Quarter Results

U.S. Packaging net sales of $666.0 million for the first quarter of 2018 represented an increase of 2.6 percent compared to the same period of 2017. The increase in net sales was driven primarily by sales price and mix partially offset by lower unit volumes of approximately 1 percent. Lower unit volumes were driven by the Company’s planned shutdown of its Shelbyville, Tennessee facility. U.S. Packaging operating profit increased to $87.2 million in the first quarter of 2018, or 13.1 percent of net sales, compared to $83.5 million, or 12.9 percent of net sales, in 2017. The increase in U.S. Packaging operating profit was driven by improved operations and cost savings from the Company’s Agility plan. Click Read More below for additional information.
Read More

UPM continues to grow in the global label paper business

As the world leader in label papers, UPM continues to grow in the attractive release liner segments to support its customers globally. Steady growth is expected to continue in all markets driven by favourable economic conditions and strong increase in specialty paper demand for labelling, packaging and e-commerce as well as in medical and hygiene applications. To strengthen its position UPM will rebuild paper machine 2 at its Nordland mill in Dörpen, Germany and convert it from fine paper to glassine paper production. The machine will be equipped with new finishing equipment and starts producing glassine paper as of Q4 2019. The planned capacity after the rebuild will be 110,000 tonnes per year. The total investment in Nordland is EUR 116 million. The production of woodfree papers on PM2 in Nordland will continue until Q3 2019 and the machine will be producing both glassine and woodfree paper during the ramp-up phase. Click Read More below for additional information.
Read More

UPM Paper ENA to be renamed UPM Communication Papers

UPM Paper Europe and North America (ENA) business area will be renamed UPM Communication Papers as of 26 April 2018. The new name underlines the industry focus and global reach of the business area. It further highlights UPM's long-term commitment to sustaining its global graphic paper business, building on the view that paper will continue to be an important part of the media mix in the publishing industries and business communication. UPM Communication Papers is a world leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. We serve our customers through a global sales network providing quality papers, strong services and an integrated supply chain. Our papers are produced in 15 paper mills in Austria, Finland, France, Germany, the UK and the USA. Click Read More below for additional information.
Read More

UPM Interim Report Q1/2018: UPM continues to grow earnings – Strong customer demand in all businesses

Q1 2018 highlights •Comparable EBIT increased by 17% to EUR 355 million (305 million in Q1 2017). •Sales prices increased in all business areas, outweighing the impact of higher input costs and unfavourable currencies. •Operating cash flow was EUR 208 million (396 million), including an increase in working capital. •Net debt decreased to EUR 41 million (807 million). Click Read More below for additional information.
Read More

AF&PA: Senate Confirmation of USTB Nominees Critical to Advancing Overdue Freight Rail Reform

Underscoring the need for long-overdue freight rail reform, American Forest & Paper Association (AF&PA) President and CEO Donna Harman urged the United States Senate to quickly confirm the nominations of Patrick Fuchs and Michelle Schultz to the U.S. Surface Transportation Board. The Senate Committee on Commerce, Science and Transportation approved the nominations on Wednesday, April 25. “As one of the largest manufacturing sectors in the nation, the paper and wood products industry relies on the nation’s rails to move millions of tons of materials to production mills and final markets. Revoking the outdated commodity exemption policy and addressing harmful service failures and higher pricing will help ensure the accessibility of effective, streamlined and competitive rail service to our companies all rail customers. We thank the committee for its approval and urge the Senate to quickly confirm Mr. Fuchs and Ms. Schultz.”
Read More

Bertelsmann Strengthens its Education Business in Brazil

Bertelsmann continues to expand its educational activities in Brazil: The international media, services and education group is now the majority stakeholder in Affero Lab, having acquired the shares of the remaining founders of the Brazilian training company. IFC, a member of the World Bank and ALAC, a fund managed by IFC Asset Management Company, will remain minority shareholders. The partners have agreed not to disclose the financial details of the deal. Affero Lab is the biggest player in Brazil’s corporate training sector and offers digital solutions for learning as well as classroom-based and blended training solutions for companies. Around 500,000 people use its services every year. The company employs approximately 450 people mainly in São Paulo and Rio de Janeiro. Bertelsmann had already acquired around 40 percent of the shares in Affero Lab in 2015 and is now increasing its stake in a second step. Click Read More below for additional information.
Read More

Houghton Mifflin Harcourt Teams Up With City Year to Launch HMH Classroom Corps; Connecting Employees, Students and Teachers Nationwide

Global learning company Houghton Mifflin Harcourt (HMH) announced today a partnership with education nonprofit City Year to launch HMH Classroom Corps, a unique multi-tiered program that provides employees with opportunities to connect with teachers and students in schools across the United States. Part of the company’s Corporate Social Responsibility program, HMH Classroom Corps will connect employees with local City Year chapters to host Learning Forums—interactive events focused on helping students build literary and math skills through hands-on activities. In March, HMH employees across three offices participated in the inaugural Learning Forums at P.S. 75 School of Research and Discovery in New York City, the Lake View YMCA in Chicago, and the Curtis Guild Elementary School in Boston. Volunteers guided elementary school students through literacy and STEM activities, including assembling geometric shapes using marshmallows and toothpicks, conducting volcano experiments, and performing short plays from HMH’s Readers’ Theater collection. Each student was able to select from hundreds of donated HMH books to take home. Click Read More below for additional information.
Read More

Orchids Paper Products Company Announces First Quarter 2018 Results

The company reported net sales of $48.2 million in the first quarter of 2018, up 36.5% compared to the year-ago period. Converted product sales were $43.6 million, a year over year increase of 32.7%, and parent roll sales were $4.6 million, up 86.8% over the first quarter of 2017. The increase in converted product sales was a result of the company ramping new customer volume at the Barnwell facility. Parent roll growth was driven by an increase in the volume of excess parent rolls sold from Barnwell. Orchids had a first quarter operating loss of $1.0 million in 2018 and a loss of $0.9 million in the first quarter of 2017. The increase in the operating loss was driven by SG&A increasing to $3.6 million in the first quarter of 2018, up $1.0 million from $2.6 million in the year-ago period. Click Read More below for additional information.
Read More

E-book Sales Fell 10% in 2017

Unit sales of traditionally published e-books fell 10% in 2017, compared to 2016, according to figures released by PubTrack Digital, part of the NPD book group. The service, which tracks sales from about 450 publishers, said e-book unit sales hit 162 million last year, down from 180 million units in 2016. NPD reported that combining print sales from its BookScan service with PubTrack digital sales, e-books accounted for 19% of total units (both print and digital) last year, down from 21% in 2016. The top selling e-book among the trade publishers, it reported, was The Handmaid's Tale published by Houghton Mifflin Harcourt. Click Read More below for additional information.
Read More

SCA Interim Report Q1 2018

JANUARY 1 – MARCH 31, 2018 (compared with the year-earlier period) •Net sales increased 11% to SEK 4,400m (3,972). Sales growth was mainly related to higher prices in the industrial units. •EBITDA rose 47% to SEK 1,175m (797). The improvement in EBITDA was mainly related to higher prices in Wood, Pulp and Kraftliner, and an improved market and product mix. •EBITDA margin increased to 26.7% (20.1) •Earnings per share amounted to SEK 1.00 (0.52) •Operating cash flow, which excludes strategic capital expenditures, rose to SEK 591m (85). Strategic capital expenditures amounted to SEK 634m (515) and relates to the Östrand investment which proceeds according to plan. Click Read More below for additional information.
Read More

UPS Delivers 1Q 2018 EPS Of $1.55, Up 17%

For the total company in 1Q 2018: ◦Total revenue increased 10% to $17.1 billion, on strong demand for UPS solutions. ◦Average yield increased by 4.3%, led by International and U.S. Deferred Air products. ◦UPS rewarded shareowners by increasing dividends per share by nearly 10% over the prior year, and distributing $840 million during the quarter. ◦To support investment strategies the company made capital expenditures of $1.5 billion. ◦The lower effective tax rate reflects a more competitive U.S. tax structure, some discrete tax items and includes the impact of share-based compensation. Click Read More below for additional information.
Read More

Deluxe Reports First Quarter 2018 Financial Results

First Quarter 2018 Highlights • Revenue increased 0.8% year-over-year, driven by Small Business Services growth of 2.7% which includes the results of several small tuck-in acquisitions. Financial Services revenue was flat compared to the prior year. • Gross margin was 61.6% of revenue, compared to 63.2% in the first quarter of 2017. The impact of product and service mix and increased delivery and material costs this year, as well as acquisitions, was only partially offset by previous price increases and continued improvements in manufacturing productivity. • Operating income increased 3.2% year-over-year. Adjusted operating income, which excludes restructuring, integration and transaction costs, as well as asset impairment charges, in both periods, increased 0.9% year-over-year primarily from price increases and continued cost reduction initiatives, partially offset by the continuing decline in check and forms usage. Click Read More below for additional information.
Read More

Packaging Corporation of America Reports First Quarter 2018 Results

In the Packaging segment, total corrugated products shipments with one less workday were up 6.0% and shipments per day were up 7.7% over last year’s first quarter. Containerboard production was 953,000 tons, and containerboard inventory was down 23,000 tons from the fourth quarter of 2017 and up 31,000 tons compared to the first quarter of 2017, primarily due to the addition of recently acquired Sacramento Container. In the Paper segment, office paper and printing and converting paper sales volumes were up 33,000 tons compared to the first quarter of 2017, and production volume was up 10,000 tons primarily due to no scheduled maintenance outages in the first quarter of 2018. Click Read More below for additional information.
Read More

Huhtamäki Oyj’s Interim Report January 1 – March 31, 2018: Solid comparable growth, negative currency impact

The Group's comparable net sales growth was 5% with all segments making good progress. Comparable growth in emerging markets was 8%. In absolute terms growth was strongest in Eastern Europe, India, and Middle East and Africa. The Group's reported net sales declined and were EUR 725 million (EUR 739 million). The Group's reported earnings declined but in comparable currencies the Group's earnings improved slightly compared to the previous year. Foodservice Europe-Asia-Oceania segment's earnings increased significantly as a result of sales growth and operational efficiency. Fiber Packaging segment's earnings grew as well, while earnings in Flexible Packaging and North America segments declined. Click Read More below for additional information.
Read More

Avery Dennison Announces First Quarter 2018 Results

Label and Graphic Materials Segment: • Reported sales increased 11.8 percent. Sales ex. currency increased 4.2 percent; on an organic basis, sales grew 3.6 percent. Sales on an organic basis increased mid-single digits in Label and Packaging Materials and increased low-single digits in the combined Graphics and Reflective Solutions businesses. • Reported operating margin decreased 30 basis points to 12.3 percent, reflecting the impact of restructuring actions. Adjusted operating margin increased 20 basis points to 13.0 percent as the benefits of increased volume and productivity more than offset higher employee-related costs and the net impact of pricing and raw material costs. Click Read More below for additional information.
Read More

Fibria announces its 1Q18 Earnings

Adjusted EBITDA totaled R$1,824 million in 1Q18, 8% less than in 4Q17, due to lower sales volume, to the higher cash COGS effect, in turn impacted by the higher production cash cost, partially offset by the higher average net price of pulp in dollars. The EBITDA margin stood at 55% excluding the sale of pulp from Klabin and 49% including this effect. The 1Q18 net financial result was negative by R$270 million, versus a negative R$781 million in 4Q17 and a positive R$331 million in 1Q17. The variation from 4Q17 and 1Q17 was chiefly due to the lower exchange rate effect on the debt position and the hedge result. As a result of all the above, Fibria reported 1Q18 net income of R$615 million, versus net income of R$280 million in 4Q17 and R$329 million in 1Q17. Click Read More below for additional information.
Read More

Oil heads up to $74 a barrel, but U.S. bonds, crude supply cast a pall

Oil edged higher on Wednesday, nearing three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Weekly data on Tuesday that showed a rise in U.S. crude inventories also subdued the oil price somewhat. The prospect of fresh sanctions on Tehran and disruption to the country’s oil flows has helped push the oil price to its highest since late 2014 this month.
Read More

Canfor Reports Results for First Quarter of 2018

Highlights * Q1, 2018 adjusted operating income of $238.7 million driven by historically high lumber prices and record-high pulp and paper earnings; record-high sales of $1.23 billion * Adjusted net income of $145.4 million, or $1.13 per share * Net debt of $96.8 million, or 4.3% net debt to total capitalization, at March 31, 2018. Click Read More below for additional information.
Read More

Holmen’s interim report January-March 2018

*Operating profit for January–March was SEK 653 million (January–March 2017: SEK 627 million). Operating profit includes a forest property sale of SEK 70 million. Prices for paper and wood products increased, wheras costs for wood and other input goods rose. *Compared with the fourth quarter of 2017, profit was SEK 232 million higher, mainly as a result of income from the forest property sale and due to that fourth-quarter earnings were affected by a maintenance shutdown. *Profit after tax for January–March amounted to SEK 507 million (485), which corresponds to earnings per share of SEK 6.0 (5.8). Click Read More below for additional information.
Read More

$40 Million Investment at Irving Pulp & Paper and Irving Tissue Benefits 84 New Brunswick Suppliers

Irving Pulp and Paper as well as Irving Tissue on the west side of Saint John is underway with a $40 million investment with an impact across NB. Eighty-four (84) New Brunswick companies will be working on the modernization, accounting for $29 million of the investment. These suppliers are located across New Brunswick. The project is scheduled for completion on May 14, 2018. This project is also going to provide hands-on learning experiences for the workforce of the future – over twenty-five co-op students from the University of New Brunswick, Dalhousie University, Memorial University in Newfoundland & Labrador as well as the New Brunswick Community College (NBCC). This new investment brings environmental benefits. Today, the pulp mill is already 95% green energy. This upgrade will improve energy use and further reduce the site's carbon footprint. Click Read More below for additional information.
Read More

JohnsByrne Adds Flexibility, Innovation with Eagle Systems Cold Foil System

Luxury packaging printer JohnsByrne has installed the Eagle Systems Cold Foil system to better serve their client base and increase their ability to innovate. Founded in 1959, the organization remains a family-owned operation, with founder, John B. Gustafson’s four sons: Corey, Jack, Mike and Pate, running the business as President, COO and Executive Vice Presidents, respectively. “We are a very client-centric, customer-focused operation,” said Corey Gustafson. “We look at the marketplace, and look for ways to provide solutions to problems our customers are having, and new ways to enhance their current product lines. We try to be very proactive about getting in front of our clients’ needs and the available technology, and the Eagle Systems Cold Foil system proved to be a great compliment to our offering; it was the right fit, at the right time.” He noted that while they have, and continue to offer, hot stamping technologies, there were some applications where that process wasn’t a perfect fit. They could find a way to get it done, but Cold Foil, said Corey Gustafson, “gives us a great deal of flexibility, now, and nuance to our offerings. We can provide different solutions to the same problem, to find the one that best suits the project, product and customer. It’s a different tool in our belt.” Click Read More below for additional information.
Read More

Silgan Announces Record First Quarter Earnings and Confirms Full Year Earnings Outlook

Net sales for the first quarter of 2018 were $1.01 billion, an increase of $206.9 million, or 25.7 percent, as compared to $805.4 million in 2017. This increase was the result of the acquisition of the Dispensing Systems operations in April 2017 and higher net sales in each of the businesses. Income before interest and income taxes for the first quarter of 2018 was $92.2 million, an increase of $35.4 million, or 62.3 percent, as compared to $56.8 million for the first quarter of 2017, and margins increased to 9.1 percent from 7.1 percent for the same periods. Click Read More below for additional information.
Read More

Coalition for Paper Options Receives United Paper, Printing & Mailing Industry Support to Fight for Paper-Based Resources

The Coalition for Paper Options (CPO) – the only stand-alone coalition devoted exclusively to protecting citizen access to paper-based information – proudly welcomes its newest members: the Association for Print Technologies (formerly NPES) and the Idealliance. These new members have joined with Printing Industries of America, the American Forest & Paper Association, the Envelope Manufacturers Association and a host of individual corporations in the paper manufacturing, printing and mailing industries as financial supporters of the Coalition for Paper Options’ efforts to protect access to paper-based resources and information. “By supporting the Coalition for Paper Options, the paper, printing and mailing industry is speaking out in a loud and unified voice against government efforts to limit access to important paper-based information,” said John Runyan, executive director of the Coalition for Paper Options. “Our coalition, however, is not just about industry, as evidenced by a wide range of consumer, senior, and rural groups which are also active members. We are all united in making sure that our nation embraces technology without penalizing citizens who still need or prefer traditional access to paper-based services offered by government and the private sector.” Click Read More below for additional information.
Read More

RRD Launches “SuperDoc” Web Statement Enhancement

R.R. Donnelley & Sons Company announced the release of its SuperDoc web statement enhancement. This technology transforms static business statements into interactive dynamic customer communications. Developed by RRD’s Business Communications Solutions (BCS) unit, the SuperDoc enhancement acts as a secure website add-on that embeds customer-facing PDF statements, bills, policies, letters, and other transactional communications with entirely new dimensions of interactivity and activated content. This latest offering from RRD is designed to help organizations across a variety of industries increase their eAdoption rate. The SuperDoc enhancement provides consumers with a variety of widgets that grant a higher level of interactivity than paper statements, such as: • Compare balances month-to-month, quarter-to-quarter, and year-to-year • Search transactions by date, vendor, amount paid, and more • Use payoff and financing calculators • Access local data like weather history, property values, and more • Model future bills • Learn about upgrade details and special offers. Click Read More below for additional information.
Read More

CP, TCRC-Train & Engine and IBEW take significant steps forward, avoid work stoppage

Canadian Pacific Railway Limited has reached an agreement with both the Teamsters Canada Rail Conference-Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW), which averts the potential work stoppage of 12:01 am Eastern time tomorrow, April 21, 2018. On the recommendation of federal mediators, the Minister of Labour will direct the Canadian Industrial Relations Board to administer a ratification vote on each of the company's final offers to the TCRC and IBEW. Click Read More below for additional information.
Read More

Rolland Announces Price Increase for U.S. Market

Please be advised that Rolland will increase our prices by 5% to 7% USD on the following products, effective with shipments on or after May 25th, 2018. Rolland Enviro® Print;Rolland Enviro® Satin;Rolland Enviro® Book & Schoolbook; Rolland Opaque®; Rolland Kraft®; Rolland Enviro® Digital; Rolland Enviro® Jet; Rolland Hitech®; Rolland Enviro® Copy; ReproPlus®; New Life® Envelope; Rolland Kraft® Envelope; All specialty papers and private label grades; Price increases apply to all rolls, folio and cut size. All standard upcharges will remain unchanged.
Read More

O-I Reports First Quarter 2018 Results

Highlights: • For the first quarter 2018, the Company recorded earnings from continuing operations of $0.59 per share (diluted). This was on the upper end of management guidance of $0.55 to $0.60 per share. • Net sales were $1.7 billion, an increase of nearly 8 percent compared to the prior year, due to higher prices and favorable currency translation. Total glass container shipments in the first quarter of 2018 were comparable to the prior year quarter, with low-single-digit gains reported in the Americas. • Earnings from continuing operations before income taxes were $135 million, compared with $73 million in the prior year, driven by solid operational performance and non-recurrence of certain expenses in the prior year. Click Read More below for additional information.
Read More

UPM Biofuels gains the world’s first RSB low indirect land use change (ILUC) risk certification for its feedstocks

UPM Biofuels' continuous efforts for a more sustainable supply chain and operations has been recognized by the world's first RSB (Roundtable of Sustainable Biomaterials) low ILUC (indirect land use change) risk certification. The certificate was received for crude tall oil, the feedstock used for UPM BioVerno renewable fuels production at the Lappeenranta Biorefinery in Finland, and for UPM's cultivation of the Brassica carinata oil crop in Uruguay. The RSB low ILUC risk certification is an additional proof of sustainability for UPM Biofuels, showing that the company's use of crude tall oil and Brassica carinata oil for biofuels production has a low risk of causing indirect emissions elsewhere. The low ILUC risk RSB certification places UPM Biofuels' raw materials, crude tall oil and Brassica carinata oil in the category of most sustainable feedstocks. Click Read More below for additional information.
Read More

AF&PA Welcomes New EPA Policy on Carbon Neutral Forest Biomass

“We applaud the Administration for reflecting long-standing scientific principles and Congressional direction in recognizing as carbon neutral the paper and wood products industry’s use of renewable biomass for energy production. We are one of the largest manufacturing sectors in the nation, eager to strengthen the economy and boost U.S. job creation with the support of public policy that levels the playing field with competitors around the globe. This new EPA policy is an important milestone in implementing the Congressional directive to produce clear and simple policies and acknowledges the scientific record on the carbon neutrality of forest-based, renewable biomass. We look forward to working with EPA as it develops regulations to fully implement this policy.”
Read More

Ahlstrom-Munksjö to acquire the Caieiras specialty paper mill in Brazil

Ahlstrom-Munksjö has entered into an agreement to acquire MD Papéis’ Caieiras specialty paper mill in Brazil of the Formitex Group, an industrial conglomerate active in the paper, chemicals and panel board industries. Ahlstrom-Munksjö has entered into an agreement to acquire MD Papéis’ Caieiras specialty paper mill in Brazil of the Formitex Group, an industrial conglomerate active in the paper, chemicals and panel board industries. Click Read More below for additional information.
Read More

Ahlstrom-Munksjö interim report January-March 2018: Strong sales growth in constant currency and synergy realization to continue

Q1/2018 highlights (vs Q1/2017 proforma): • Net sales EUR 572.4 million (EUR 566.9 million), an increase of 1.0%. In constant currency growth was 5.9%, driven by higher selling prices. • Continued good demand across most markets • Comparable EBITDA EUR 66.7 million (EUR 79.4 million), representing 11.7% (14.0%) of net sales in an environment of significant raw material cost escalation • Net profit EUR 21.2 million (EUR 24.2 million).
Read More

Oil tops $75, highest since 2014 OPEC meeting that led to pump war

“Prices are being driven up by tight supply due to high production outages in Venezuela plus the cuts implemented by OPEC and Russia,” said Carsten Fritsch, analyst at Commerzbank. “What is more, demand appears robust.” The United States has until May 12 to decide whether to quit a nuclear deal with Iran and reimpose sanctions against the third-largest producer in the Organization of the Petroleum Exporting Countries, tightening global supplies. OPEC’s supply curtailments and the threat of new sanctions are occurring as demand in Asia, the biggest oil-consuming region, has risen to a record. Click Read More below for additional information.
Read More

BPM Paper Named Green Professional

For the fourth year in a row, BPM Inc., northeast Wisconsin paper mill, has received recognition as a Green Professional in the Wisconsin Green Masters Program. The Green Masters Program recognizes and assesses Wisconsin businesses on their sustainability performance in a variety of sustainability categories. According to a letter received from Kevin Banas, Green Masters Program Director, BPM is also in the running to achieve the highest rank as a Green Master, to be announced the end of October with Masters level certificates given out in person at the annual conference in December. “Participation in the Green Masters Program validates BPM’s continued commitment to the environment, sustainability and social responsibility,” said Jim Koronkiewicz, BPM General Manager. “It’s a hands-on tool that BPM can use annually to review areas of sustainable potential. With an increased score of 20% over last year, the BPM team has worked hard for this impressive accomplishment.” Click Read More below for additional information.
Read More

BPM Partners with Local Schools for Earth Day Clean Up

Students from area schools will join together to recognize Earth Day by picking up trash, litter and garbage to make area communities cleaner. For the past seven years, BPM has donated garbage bags and gloves for area students. Schools and organizations which have volunteered to clean up surrounding areas of school grounds and communities include Central Elementary, Coleman Elementary and Middle, Lena Public, M&M Love Where You Live Volunteers, Marinette Middle and High, Merryman Elementary, Oconto Falls Elementary, Oconto Middle, Park Elementary, Peshtigo Elementary and Middle High, St. Thomas Aquinas Academy and Suring Public. With the excellent response and interest, the company provided bags and gloves to 15 schools and organizations for an estimated 2100 students, teachers and volunteers. “The Earth Day Clean Up is a community event we look forward to every year,” said Mitchell Mekaelian, VP of Sales and Marketing. “Since 2009, BPM has coordinated the donation and partnerships with area schools. Year after year, we receive positive feedback from teachers and students. This is a hands-on way to have kids involved in making a difference within the community in which they live.” Click Read More below for additional information.
Read More

Graphic Packaging Holding Company Reports First Quarter 2018 Results

Net Sales increased 39% to $1,476.0 million in the first quarter of 2018, compared to $1,061.5 million in the prior year period. The $414.5 million increase was driven by $359.5 million of revenue from the SBS mill and foodservice converting assets, $25.5 million of improved volume/mix related primarily to acquisitions, $24.0 million of favorable foreign exchange, and $5.5 million of higher pricing. EBITDA for the first quarter of 2018 was $187.6 million, or $35.3 million higher than the first quarter of 2017. After adjusting both periods for business combinations and other special charges, Adjusted EBITDA increased 43% to $230.8 million in the first quarter of 2018 from $160.9 million in the first quarter of 2017. Click Read More below for additional information.
Read More

Announcing Monadnock Archival Products

Monadnock Paper Mills, Inc. introduces Monadnock Archival line of cotton and high alpha fiber papers and boards for printing, presentation and preservation of fine artworks, photographs and important documents. •Archival Facing & Backing Papers •Archival Mat & Mounting Boards •Archival Liner Board & Mediums •Coated Fine Art Inkjet/Giclee Papers •Archival File Folder •Fine Printing and Envelope Papers. Monadnock combines its fine printing and technical/specialty expertise to create high performance papers that meet ANSI longevity standards. These superior quality papers are groundwood-free, alkaline pH and lightfast (per Standard and Color Photo Activity Tests). Monadnock’s archival art and conservation papers and boards/solids meet ISO 9706 and ANSI Z 39.48-1992 (Permanence of Paper for Printed Library Materials) standards. Click Read More below for additional information.
Read More

Solenis to Increase Prices on all Process Chemicals Globally

Solenis, a leading global producer of specialty chemicals, will increase prices by five to 30 percent on all process chemicals, effective immediately or as customer contracts allow. The price increases are due to increases in key raw material costs, escalating freight costs and decreased market availability of several raw materials. “We are committed to delivering high-value, innovative solutions to help customers maximize their productivity,” said Varun Ratta, Senior Vice President, Product and Pricing Management. “While these price increases are necessary for us to reliably supply and support our customers, we’ll continue our efforts to help mitigate these increases and control their costs with beneficial process improvements.”
Read More

Whether you are young or old, reading and writing should be a priority

In the midst of technological advances, essential reading and writing skills are being somewhat lost in the process of keeping up with the latest ‘trend’. More than a quarter (26 percent) of American adults admit to not having read even part of a book within the past year. That's according to statistics coming out of the Pew Research Centre. Science supports the idea that reading is good for you on several levels. Reading fiction can help with an open-mind and creative thinking - According to research conducted at the University of Toronto, study participants who read short-story fiction experienced far less need for "cognitive closure" compared with counterparts who read nonfiction essays. Essentially, they tested as more open-minded, compared with the readers of essays. "Although nonfiction reading allows students to learn the subject matter, it may not always help them in thinking about it," the authors write. Click Read More below for additional information.
Read More

Verso Announce Price Increase for Ideal® Uncoated Freesheet Products

Effective with all new and existing orders with confirmed delivery dates of May 19, 2018 or later, Verso Corporation is increasing the transaction price of all Uncoated Freesheet Grades, including but not limited to: Ideal® Offset; Ideal® Reply Card; Ideal® Enhanced Tablet; Ideal® Tablet. The increase applies to all basis weights, bulks, finishes and related private label grades.
Read More

Glatfelter Announces Price Increase for US Market

Glatfelter is announcing a price increase for the listed grades and product lines sold in our United States market. The increase will be effective with shipments on or after May 21, 2018. The increase will be 4-8% for the following items: Moistrite® Form Bond; Worthington Index; Glatfelter End Leaf; Moistrite® MICR Colors; Index Card; Natures® End Leaf; Transform®Laser MOCR; Tiffin Tag; Glatfelter Offset; Spring Forge® Offset; Scioto™Ledger; Natures® Book; Spring Forge® Digital; Sealer Envelope; Conserve®; Thor® Plus & Thor® PCW; Carbonizing Bond; digiBOOK®; Hopewell Offset; Adena Opaque®; All Envelope grades; Pixelle® Ink Jet Uncoated Repro Bond; All Cut Size Papers (Mill/Private Label). All current standard differentials and upcharges remain in effect.
Read More

Flambeau River Papers Announces May Price Increase

Effective with shipments on or after May 20, 2018, Flambeau River Papers will increase the transaction prices for the following grades of paper: • FRP Converting and Envelope Papers • FRP Specialty Papers • FRP Glacier and Torchglow Opaque and Pastel Papers • FRP Reply Card Papers • FRP Index, Vellum Bristol and Tag Papers • FRP Tradebook and Endleaf Papers • FRP InkJet Papers • FRP MOCR and Ledger Papers • FRP 100 Papers. All current standard upcharges and differentials will remain in effect.
Read More
Back To Top
×Close search
Search