Waddington Europe Launches Pioneering Mono-Material Recyclable Meat Tray

Leading European thermoforming packaging specialist Waddington® Europe, a division of Novolex®, has introduced an innovative recyclable tray for meat, fish and poultry products. The container, called Piranha™, is sealed using a series of raised teeth that run around the sealing flange instead of applying a layer of polyethylene or adhesive, which are typically used to seal the lid of modified atmosphere packaging (MAP). The raised teeth maintain the seal’s integrity even if the flange becomes contaminated by animal fat, which can interfere with closure on traditional packaging for meat, fish and poultry (MFP) products.
Read More

Metsä Group selects the first projects to be funded as part of its nature management programme

In the autumn of 2021, Metsä Group launched a ten-year programme to support regionally effective development projects that are carried out outside commercial Finnish forests and support biodiversity and the state of waters. The projects may relate to bird waters and wetlands, watercourse routes, small waters and coastal environments, pollinator habitats or new water protection methods. Nearly 40 projects took part in the first round of applications, which ended in late November 2021. The following projects were the first to be selected for the programme, with a total financial investment by Metsä Group of approximately EUR 350,000. *Rehabilitation and repair of the Virtaankoski dam in Tainionvirta river in Sysmä *Rehabilitation and repair of Hiitolanjoki river in Simpele *Maintenance and repair of wetlands and test use of soil improvement substances suitable for the retaining of agricultural nutrients in Lemi (“Kuuksenenselkä kuntoon” project) *Improvement of the living conditions of the large Arctic char in southern Saimaa and Kuolimo (“Pro Nieriä” project) *Repair work of Pieni Pyhävesi, headwater lake of the Kymijoki waterway in Mäntyharju *Wetland projects in Alavus, Urjala and Orimattila
Read More

Sun Chemical to Increase Prices on Inks, Coatings, Consumables and Adhesives in North America

Sun Chemical will increase prices across its entire portfolio of packaging, commercial sheetfed and screen inks, coatings, consumables and adhesives in North America, effective immediately or as contracts allow. The unprecedented pace of inflationary cost movements continues to impact the entire spectrum of raw material inputs and packaging components for the ink industry. In addition, the sustained shortage of available labor, along with the supply/demand dynamics in both the global and regional logistics markets, are contributing factors in driving further cost increases. Sun Chemical continues to find ways of mitigating these costs, but the magnitude and speed of cost increases require the company to increase prices to offset impacts to the business.
Read More

The ODP Corporation Delays Public Company Separation to Evaluate Potential Sale of Its Consumer Business

The ODP Corporation announced that its Board of Directors determined to delay the previously announced public company separation to evaluate a potential sale of the Company’s consumer business. In May 2021, the Company announced that its Board of Directors unanimously approved a plan to separate ODP into two independent, publicly-traded companies by means of a tax-free spin-off to ODP shareholders. In November 2021, USR Parent, Inc., the parent company of Staples and a portfolio company of Sycamore Partners, reaffirmed its non-binding proposal to acquire the Company’s consumer business, including the Office Depot and OfficeMax retail stores business, the Company's direct channel business (officedepot.com), and the Office Depot and OfficeMax intellectual property, including all brand names, for $1 billion in cash. The Company remains in conversation with Sycamore as it further evaluates the potential value and regulatory risk of Sycamore’s proposed transaction. In December 2021, ODP’s Board of Directors received a non-binding proposal from another third party to acquire the Company’s consumer business. The terms of that proposal are confidential.
Read More

New FSC Trademark License Agreement Coming Soon

FSC individual certificate holders applying for new or renewed certification will need to sign a new Trademark License Agreement (TLA, version 6) starting January 20, 2022. The TLA is a legal document that governs the relationship between FSC and the certificate holder, granting the right to use the FSC trademarks for both on-product labelling and promotional use. The specific rules governing the use of the FSC trademarks by certificate holders are set out in FSC-STD-50-001. FSC regularly revises the TLA to comply with the latest legal requirements and to ensure that the integrity and credibility of the FSC certification scheme is upheld and protected.
Read More

Vonco Acquires Flex-Pak, Specialty Provider of DuPont™ Tyvek®

Vonco Products LLC, an industry-leading risk-free turnkey contract manufacturer of medical devices and fluid bags, biohazard and specimen transport, infection protection and PPEs, and clean room assembly, packaging, sterilization management, and distribution, is excited to announce the acquisition of Flex-Pak Packaging Products, Inc. Based out of Batavia, IL, Flex-Pak provides world-class flexible barrier packaging and sterile barrier DuPont™ Tyvek® pouches for leading consumer and healthcare organizations. “Vonco is on a mission to create more value for healthcare devices and consumer products while reducing risk for our customers,” said Keith Smith, CEO of Vonco. “This acquisition puts Vonco in a very unique space of providing risk-free turnkey contract manufacturing of devices, packaging, and sterilization management, streamlining the supply chain for our customers.”
Read More

Smurfit Kappa receives SBTi approval for carbon reduction targets

Smurfit Kappa has had its emissions reduction targets approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement. The targets covering greenhouse gas emissions from Smurfit Kappa’s operations (scopes 1 and 2) are consistent with reductions required to keep global warming to well-below 2°C. The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) which defines and promotes best practice in science-based target setting and independently assesses companies’ targets. The initiative mobilises companies to set science-based targets in the transition to a low-carbon economy. Emission reduction targets are considered ‘science-based’ when their CO2 reduction targets are in line with what the latest climate science says is needed to meet the goals of the Paris Agreement.
Read More

2022 Book Printing Market Outlook: Positivity, But Challenges Persist (piworld.com)

When defining the outlook for book manufacturing in the year ahead, John Galligan, president of Bradford & Bigelow in Newburyport, Massachusetts, uses an apt analogy considering the topic at hand: “It’s a tale of two cities,” he says. Galligan is referring to the marked difference between the outlook at the beginning of this year to the outlook now, with regard to the ongoing supply chain challenges. In Printing Impressions’ Book Manufacturing Outlook for 2021, demand outstripping supply was already emerging as a leading concern, and as the Book Manufacturers Institute (BMI) published its "State of the Book Industry 2021," Executive Director Matt Baehr commented: “As we move forward, economic and labor trends, along with supply chain issues, will affect our industry greatly.”
Read More

RRD Joins the Paperboard Packaging Council

R.R. Donnelley & Sons Company has joined the Paperboard Packaging Council (PPC), the North American association for paperboard packaging manufacturers and their suppliers. “We are thrilled to be accepted into the PPC as one of their Principal members,” said Lisa Pruett, President of RRD Packaging Solutions, Forms and Labels. “The leaders in the packaging industry rely on the PPC for research, education, networking, and more; I am certain we will gain great value from our membership that will enhance RRD’s place in the paperboard packaging universe translating to better service to our clients.”
Read More

Ahlstrom-Munksjö completes the acquisition of majority stake in Chinese decor paper producer Minglian

Ahlstrom-Munksjö has successfully completed the acquisition of a 60% stake in Chinese decor paper producer Minglian New Materials Technology Co., Ltd. and forms a joint venture which comprises a state-of-the-art plant in the city of Xingtai, Hebei Province, China. A non-binding letter of intent with the majority shareholders was initially signed in November 2019 but the Covid-19 pandemic delayed the negotiations and closing of the transaction. By combining Minglian with its existing Decor business, Ahlstrom-Munksjö creates a global leader in decor papers with improved cost competitiveness and strong presence in Europe, Americas and Asia. The business combination allows Ahlstrom-Munksjö to leverage its brand and capabilities in the large and growing high-end decor paper market in China. It will strengthen Ahlstrom-Munksjö’s ability to serve international customers both in the short- and long term. Ahlstrom-Munksjö will provide technical and operational expertise to Minglian and strengthen Minglian’s customer offering and service in the domestic medium and high-quality segments as well as adjacent export markets. Minglian provides cost competitive manufacturing to the combined Decor business platform and opportunities to optimize production and extend further decor paper manufacturing capacities.
Read More

O-I Glass Subsidiary Paddock Enterprises, LLC Files Chapter 11 Plan of Reorganization

O-I Glass, Inc. announced that its wholly owned subsidiary, Paddock Enterprises, LLC, has filed its Plan of Reorganizationand related disclosure statement with the United States Bankruptcy Court for the District of Delaware as part of the Chapter 11 bankruptcy case Paddock initiated on January 6, 2020. The Plan, once confirmed by the courts, will result in a permanent resolution of all current and future asbestos personal injury claims. The Plan is jointly proposed by the “Plan Proponents,” which are O-I Glass, the Official Committee of Asbestos Personal Injury Claimants, Paddock, and the legal representative for future asbestos personal injury claimants.
Read More

REI building fourth distribution center to support growth (chainstoreage.com)

REI Co-op is putting a new distribution center that will operate as a zero-waste facility. The specialty outdoor retailer is building a 400,000-sq.-ft. distribution center in Lebanon, Tenn., to support its continued growth on the East Coast and in the Midwest and South. Expected to open in fall 2023, the building and its operations will proactively address the employee experience, community engagement and environmental impact, according to REI. Al. Neyer is the retailer’s architect and general contractor partner. Situated on 41 acres in Wilson County, the facility will be one mile from I-40 and three miles from downtown Lebanon. The location will considerably reduce shipping times to fulfill customers' online purchases and be able to support more than 70 REI stores. Nearly 5.6 million REI members live in the service area of the new distribution center.
Read More

PAFC Congo Basin regional certification system achieves PEFC endorsement

The Pan African Forest Certification (PAFC) Congo Basin regional system has achieved PEFC endorsement. This is the world’s first PEFC endorsed regional forest certification system. Our national members for Cameroon, Congo, and Gabon joined forces under the name of PAFC Congo Basin to develop this regional certification system. The shared language and the similar forestry conditions in the three neighbouring countries enables them to share one system. By developing a regional system, our members can maximise their impact and reach, share resources and knowledge, and reduce the costs in developing and running a forest certification system.
Read More

5 Ways Using Paper Can Make Your Packages Greener And Less Prone to Damage

Paper is a sustainable, capable packaging material. Here are some of the ways protective paper packaging can increase sustainability and reduce damages. Executive summary: *Paper is a sustainable option for shippers who want to simultaneously protect packages and meet sustainability goals. *Protective paper packaging is an excellent material for block and brace packaging and works well for industrial components like small automotive parts. *Pregis machines like the Easypack® Packmaster™ Pro complement paper packaging and allow workers to quickly and efficiently protect products during shipment. *Box-in-box products, like those commonly used by e-commerce shippers, can be filled with paper packaging to provide extra protection. *Paper is ideal for products with sharp edges or irregular shapes, as it can be ripped and torn without losing its cushioning qualities.
Read More

Direct Mail Printing Outlook for 2022: Still Remains as a Shining Star (piworld.com)

As we close in on two full years of the pandemic, lockdowns, Zoom meetings, and lives lived through screens, experts are finding that digital fatigue has firmly set in. Everyone is looking to make connections that don’t involve the light of a computer, phone, or tablet. Direct mail — a brand’s old and trusted friend — is one of the answers. “Businesses are realizing with digital fatigue that direct mail can play a critical role of getting attention,” notes Jeff Heyman, VP of product development and e-commerce for FedEx Office. “Direct mail is an integral part of the most successful marketing strategies that combine digital and physical communication.” He continues, “Customers are longing for connection after being home for so long and direct mail gives that to them. It allows businesses to communicate that they are open for business, and how they have adapted their business throughout the pandemic.”
Read More

Researchers Say Signs and Graphics Significantly Boost Your Bottom Line

Studies show signs give you the biggest bang for your buck. In ancient times, signs were a primary form of communication between merchants and prospective customers. Merchants in Babylon, Egypt, Athens, Pompeii and Rome used signs to identify their shops, promote prices and distinguish their businesses from competitors. In our modern world, signs are so ubiquitous that you probably barely notice they’re there. But signs are crucial to your business’s success. Signs direct customers, remind them of your brand and inspire them to make daily decisions. Research shows that about 90% of information sent to your brain is visual; that’s why imagery is crucial if you want to connect with potential customers. Because humans are visual, custom-made signs communicate powerfully with your audience because they combine attractive color and engaging text to create memorable messages that resonate. Well-designed custom retail signs with stunning graphics increase brand awareness. And the more potential customers who know about your brand, the more they’ll trust your services and the more likely they will purchase from you.
Read More

Rayonier Advanced Materials Announces ISCC Plus Certification At Fernandina Beach Facility

Rayonier Advanced Materials, Inc. announced that it has achieved International Sustainability and Carbon Certification Plus (ISCC+) recognition at its Fernandina Beach facility. The certification will allow RYAM’s customers to procure ISCC+ certified High Purity Cellulose, addressing sustainability requirements in their end markets. This certification only applies to the Fernandina Beach facility initially across various end uses, but may be expanded to other facilities as customer demand for sustainable inputs rise. “The ISCC Plus certification demonstrates RYAM’s commitment to sustainable production and to provide its key customers with the highest quality biobased products,” said Vito Consiglio, President and Chief Executive Officer at Rayonier Advanced Materials.
Read More

Sappi Southern Africa dissolving pulp facilities complete the Higg FSLM self-assessment

Sappi Limited, a leading producer of dissolving pulp sold under the brand name Verve, is pleased to announce that it has completed a self-assessment of the Higg Facility Social and Labour Module (FSLM) at its Ngodwana and Saiccor Mills in South Africa. The self-assessment results were very positive and highlight Sappi’s commitment to maintaining a high level of social and labour practices. Ngodwana and Saiccor Mills produce dissolving pulp under the Verve brand, which is used primarily in the textile and hygiene product industries. Developed by the Sustainable Apparel Coalition, the Higg FSLM is part of a suite of tools that enables manufacturing facilities within the textile value chains to measure themselves against a standard set of criteria in the areas of recruitment and hiring, working hours, wages and benefits, worker treatment, worker involvement, health and safety, termination and management systems.
Read More

SFI Names Bettina Ring New Chief Sustainability and Diversity Officer

The Sustainable Forestry Initiative (SFI) announced Bettina Ring as its new Chief Sustainability and Diversity Officer today. Ring will provide leadership internally and externally on strategic initiatives related to sustainability and diversity. She will also seek to leverage SFI’s scale to drive meaningful change in the forest and conservation sector through collaboration with SFI’s network. Ring has deep connections to the forest sector, most recently serving as Secretary of Agriculture and Forestry for the Commonwealth of Virginia, and to SFI, having formerly served on the SFI Board of Directors and recognized as the SFI President’s Award winner in 2018. Additionally, under Ring’s leadership, 68,000 acres of Virginia’s state forests were certified to the SFI Forest Management and American Tree Farm System Standards, which provide assurance of sustainable practices on managed forestlands.
Read More

Tetra Pak and Elvir join forces in a world first: carton packages using certified recycled polymers

Tetra Pak, in partnership with Elvir, a subsidiary of Savencia Fromage & Dairy - a world leading milk processor - has become the first carton packaging player in the food and beverage industry to launch a cap using certified recycled polymers. This move marks a key step in both companies’ progress towards circularity. By helping to find an economically sound use for plastic waste and responsibly sourcing raw materials, Tetra Pak and Elvir continue to minimise their dependency on virgin, fossil-based resources. Elle & Vire chose the HeliCap™ 23 cap solution to complement its cream products, which are distributed in Tetra Brik® Aseptic 1L Slim carton packages. This one-step resealable screwcap is manufactured at Tetra Pak’s Châteaubriant plant in Loire-Atlantique, France – a site that has been awarded the Roundtable on Sustainable Biomaterials (RSB) Advanced Products certification and boosted by a €100 million investment to accelerate the transition to the production of tethered caps. The HeliCap™ 23 cap offers consumers ease of opening and features a clearly visible tamper evidence ring, providing reassurance that the product hasn’t been opened before.
Read More

Taylor Rebrands Assets to Reflect Powerful Synergy of Company Offerings

Taylor Corporation announced today the rebranding of three companies acquired over the past two decades to better reflect its “Taylor United” corporate strategy. The three companies are Curtis 1000, a leading provider of commercial print and packaging; Vectra Visual, known for design-forward solutions in retail signage and merchandising; and Optima Graphics, one of the nation’s leading wholesale suppliers to the trade show and event markets. Together, the companies comprise the newly-named Taylor Print & Visual Impressions, Inc., led by enterprise group president Mike Robinson. The newly created group encompasses 2,250 employees, 17 facilities and a diverse range of print capabilities, all supported by marketing, data and analytics designed to optimize the creation of high-impact brand communications and experiences.
Read More

2022 USPS Promotions

Developing a strategy for future campaigns can feel overwhelming—we get it. Staring at a white wall is how it usually starts. Well, how about first looking at where you can save money? WHAT’S THIS USPS PROMOTIONS AND INCENTIVES PROGRAM ABOUT? In 2011, the USPS introduced the marketing mail promotions program, in which they discount a percentage of postage on any campaign that meets the requirements. The purpose is to encourage marketers to integrate different technologies with mail to engage audiences and strengthen the relevance of direct mail. After ten years now, it’s been proven successful.
Read More

UPM Raflatac collaborates with WWF Poland to enable circular economy and promote sustainable forestry

UPM Raflatac and WWF Poland have renewed their contract to build a smarter future beyond fossils together. During the new three-year contract period the collaboration will focus on promoting circular economy including waste management as well as sustainable forestry practices. To increase the engagement and support for both of these important initiatives facing today’s challenges, this three-year contract is also set to engage UPM Raflatac’s internal and external stakeholders. “As part of UPM The Biofore Company, we are committed to building a sustainable, innovation-driven future and want to share our expertise and assets with the communities we operate in. UPM Raflatac is part of the packaging value chain and labels can play a key role in enabling circular economy in this value chain. Given the resource needs today, promoting sustainable forestry supports our journey beyond fossils,” says Vera Bartsch, UPM Raflatac.
Read More

URBN Reports Record Holiday Sales

Urban Outfitters, Inc. announced net sales for the two and eleven months ended December 31, 2021. Total Company net sales for the two months ended December 31, 2021, increased 14.6% compared to the two months ended December 31, 2019. Comparable Retail segment net sales increased 14%, driven by strong double-digit growth in digital channel sales, partially offset by high single-digit negative retail store sales primarily due to reduced store traffic. By brand, comparable Retail segment net sales increased 47% at the Free People Group, 15% at the Anthropologie Group and 3% at Urban Outfitters. Total Retail segment net sales increased 15%. Wholesale segment net sales decreased 18% primarily from reducing the Free People Group’s sales to promotional wholesale customers. URBN now believes that the total Company fourth quarter gross margin could deleverage due to higher than anticipated inbound transportation costs. For the eleven months ended December 31, 2021, total Company net sales increased 14.4% compared to the eleven months ended December 31, 2019. Comparable Retail segment net sales increased 16%, driven by strong double-digit growth in digital channel sales, partially offset by low double-digit negative retail store sales due to reduced store traffic. Wholesale segment net sales decreased 22% primarily from reducing the Free People Group’s sales to promotional wholesale customers.
Read More

Chico’s FAS, Inc. Reports Holiday Sales

Chico's FAS, Inc. reported holiday sales and updated its outlook for fiscal 2021 fourth quarter sales and earnings. Molly Langenstein, Chico's FAS Chief Executive Officer and President, and Patrick ("PJ") Guido, Chico's FAS Chief Financial Officer, will discuss progress on the Company's strategic plan and these results at the ICR Conference today at 3:30 PM ET. For the nine-week holiday period ending January 1, 2022, total net sales grew approximately 30% compared to the same period last year. Comparable sales for the nine-week holiday period grew approximately 31.5% over fiscal 2020. The Company has updated its fourth quarter outlook and expects fourth quarter net sales at the low end of the $495 million to $510 million range previously provided on November 30, 2021 and expects diluted earnings per share at the high end of the previously provided $0.00 to $0.05 range.
Read More

Being PEFC certified provides essential value for us

In our interview series Meeting our Certified Companies, we hear from companies from around the world, large and small, which are proud to be a part of PEFC, and to help safeguard our forests through their commitment. In our latest interview, Natàlia Carmona, Director of Food Quality and Safety at Spanish cardboard packaging manufacturer Alzamora Group, shared her thoughts on sustainability and respect for the environment.
Read More

Birdley James elected to SGP Board of Directors

The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications, announced the election of Birdley James of Miller Zell to its Board of Directors. James is SGP/EHS Coordinator & Compliance Manager and leads Miller Zell’s sustainability efforts. His responsibilities include expanding recycling initiatives, and overseeing sustainability program compliance, SGP certification requirements, environmental & safety compliance audits, environmental safety processes & procedures and safety training.
Read More

SPC Expands Lettershop Resources with the Acquisition of American Marketing Services

Specialty Print Communications (SPC) added another milestone on its strategic growth path by acquiring the assets of American Marketing Services & Consultants (AMS). Based in Mundelein, IL, AMS was founded in 1976 and provides a number of mail, letter shop & fulfillment services for companies of all sizes. With an experienced team and state of the art equipment, AMS provides added firepower to SPC’s existing lettershop. “We are excited to have AMS onboard”, stated Adam LeFebvre, SPC President. “We have a long history with AMS and the timing is right for us to make this important investment. Our business has seen dramatic growth in recent years and an expanded lettershop team will help us keep up with client demand.” SPC has retained the entire AMS team and will integrate all lettershop operations within its existing facility in Niles.
Read More

Ahlstrom-Munksjö extends its dye sublimation portfolio by launching EcoJet[TM] Transfer S Series

Ahlstrom-Munksjö introduces EcoJetTM Transfer S Series for digital-transfer printing applications. The new product series consist of high-quality transfer papers that offer excellent printing and transfer resolution, fast ink drying, and high ink acceptance, especially suitable for hard surface image transfer. Digital printing is an effective and economical method that reduces lead time compared to traditional printing methods. It is also a more sustainable method as it uses less water and produces less waste. In digital sublimation printing, the printed transfer paper is placed onto a surface, after which the paper and the soft or hard surface are pressed together at high temperature to adhere the ink on the paper to the surface. Ahlstrom-Munksjö’s multipurpose EcoJet™ range offers trusted and innovative solutions for digital transfer printing for garments, household, technical and visual communication, including both Transfer Paper (Dye Sublimation) and Protection Tissue (used to protect and increase the lifetime of the printer, while preventing ink penetration). The EcoJet™ range is produced from responsibly sourced wood pulp, certified according to Forest Stewardship Council® standards.
Read More

Mondi sets ambitious science-based plans to transition to Net-Zero by 2050

Global packaging and paper leader Mondi has accelerated plans to take action on climate by committing to transition to Net-Zero by 2050. This next step builds on almost two decades of progress, including a 45% reduction in specific greenhouse gas (GHG) emissions against a 2004 baseline and science-based targets approved by the Science Based Targets initiative (SBTi) in 2019. "The climate crisis is the most urgent risk facing society and businesses must take decisive action to mitigate their impact. Mondi has a long track record of investing in our operations to reduce our GHG emissions and the Board’s approval of our new Net-Zero plan reinforces our commitment to contributing to a better world. The adoption of science-based targets in line with 1.5°C is an important milestone in our journey to Net-Zero. However taking action today is an absolute imperative and we already have a clear roadmap to achieve our 2025 milestones." Andrew King, Mondi’s Group CEO
Read More

Clearwater Paper Launches NuVo® with BioPBS™ Cup

Clearwater Paper Corporation introduced NuVo® withBioPBS™, a sustainable cup stock that provides foodservice operators with a compostable alternative to hot cups coated with low-density polyethylene. NuVo® withBioPBS™ is the first cup stock to combine a compostable barrier, 35% post-consumer fiber, Forest Stewardship Council® (FSC®) chain-of-custody certification (FSC-C008402), and a high-definition print surface. “When we launched the NuVo® brand in 2019, we made a promise to continually innovate to maximize product differentiation and sustainability. We are pleased to continue delivering on that commitment by introducing NuVo® withBioPBS™, a next-generation cup stock that we believe will allow our customers to be at the forefront of growing trends in sustainability,” said Steve Bowden, senior vice president and general manager of the pulp and paperboard division.
Read More

Minnesota-Based Taylor Corporation Acquires the Assets of Reindl Bindery (piworld.com)

Corporate Graphics Commercial, a Taylor Corporation company, is pleased to announce that it has reached an agreement to acquire the assets of Reindl Bindery Co., Inc. of Germantown, Wis. The acquisition of Reindl expands CGC’s capacity and capabilities and offers immediate growth opportunities for its publishing business. “We’re seeing greater demand for bindery services than at any time in our history,” says Dan Kvasnicka, President of Taylor Print Impressions. “By adding the talent and technology of Reindl, we are positioning Taylor to serve even more customers.” Founded in 1978, family-owned Reindl Bindery has a legacy of providing innovative binding solutions throughout the printing industry, with capabilities spanning a wide range of bindery applications including perfect, layflat and case binding to Smyth sewn books, Wire-O systems and more. “We are thrilled to welcome Reindl to the Taylor team,” said Kvasnicka. “Our capabilities are complementary, and both teams are known for industry-leading quality, responsive service and innovation.”
Read More

Grupo Modelo Partners With WestRock and Grupo Gondi in Transition to CanCollar® Eco Packaging, Eliminating Over 100 Tons¹ of Plastic Waste

In a partnership with WestRock and Grupo Gondi, Grupo Modelo is investing roughly 4 million dollars in the sustainable, fiber-based CanCollar® Eco solution in Quintana Roo, a Mexican state on the Yucatan Peninsula. The partnership aims to help advance the beer company’s sustainability goals by eliminating its use of plastic rings in Mexico. Grupo Modelo is the first company in the Americas to adopt the recyclable CanCollar® Eco technology, which will replace hard-to-recycle plastic packaging and is expected to result in over 100 fewer tons1 of plastic waste each year. “At Grupo Modelo, we are continuing to evaluate various alternatives for plastic rings in the packaging of beer cans,” says Soqui Calderon, regional director of Sustainability for Grupo Modelo. “This is how we discovered CanCollar Eco, a new solution developed by WestRock and produced in Mexico by Grupo Gondi. Made from recyclable paperboard, this innovative packaging uses the least amount of material required to hold and to keep our beer cans secure through the supply chain.”
Read More

Tilly’s, Inc. Announces Record Holiday Period Net Sales

Total net sales of $173.3 million increased by 16.5% for the 2021 holiday period compared to $148.7 million for last year’s comparable nine-week holiday period ended January 2, 2021 (the “2020 holiday period”). *Total comparable net sales, including both physical stores and e-commerce, increased by 14.1% for the 2021 holiday period compared to an increase of 2.7% for the 2020 holiday period. *Comparable net sales in physical stores increased by 23.2% for the 2021 holiday period compared to a decrease of 12.4% during the 2020 holiday period. Comparable net sales in physical stores increased by a double-digit percentage in all but one of 14 geographic markets compared to the 2020 holiday period. Net sales in physical stores represented 74.5% of total net sales for the 2021 holiday period compared to 68.4% of total net sales during the 2020 holiday period.
Read More

Aptar Food + Beverage Announces New 2” Ultra XLV Closure

Aptar Food + Beverage proudly announces the 2″ Ultra Extra Large Valve (XLV), the newest expansion to its inverted closure product line with SimpliSqueeze® technology. The 2” Ultra XLV is Aptar’s first stock closure offering with a valve large enough to successfully dispense very thick or high viscosity products, including those with particulates. The 2” Ultra XLV can be used with a rigid bottle or paired with an inverted flexible pouch to ensure a clean, controlled, convenient dispense with every squeeze. “We are excited to showcase the new 2” Ultra XLV closure to the industry, as well as leading food brands and co-packers that can benefit from this innovative technology,” shared Susan DeGroot, marketing director at Aptar. “Our extra-large flow control valve allows consumers to experience the ultimate in clean, controlled, convenient dispensing in new, thicker or high viscosity product categories. All with the proven technology our easy-to-use SimpliSqueeze® valve has delivered to consumers for more than 25 years.”
Read More

Sun Chemical Acquires SAPICI to Expand Customer Offerings in Polymers and Lamination Adhesives Market

Sun Chemical has acquired SAPICI, a global leading company in high-performance polyurethanes for coatings, flexible packaging, industrial adhesives and more. With SAPICI, Sun Chemical reinforces its integrated supply strategy in the packaging market by adding capabilities to develop and produce unique polymers for the entire portfolio of inks, coatings, and lamination adhesives. The combined resources and technologies of DIC/Sun Chemical and SAPICI will provide a comprehensive and unique polymer portfolio for areas such as industrial coatings, elastomers, industrial adhesives, and sealants.
Read More

USPS Accepted More Than 13.2 Billion Mailpieces and Packages this Holiday Season

The United States Postal Service reported preliminary performance metrics for the 2021 holiday season showing the organization saw volume increase when compared to the same time last year. Between Thanksgiving and New Year’s Eve, it took on average 2.7 days to deliver a mailpiece or package across the Postal Service network. During the same timeframe, the network accepted more than 13.2 billion letters, cards, flats and packages for delivery, exceeding 12.7 billion accepted for delivery during the same timeframe in 2020. The Postal Service’s peak season preparations included: *Stabilizing the Workforce and Preparing for Pandemic-related Challenges;*Expanded Facility Footprint to Resolve Bottlenecks and Improve the Flow of Mail and Packages; *New Package Sorting Equipment to Expedite Handling and Sortation of Increased Package Volumes; *Diversified, Reliable Transportation Options.
Read More

The New York Times Company to Acquire The Athletic

The New York Times Company announced that it has entered into an agreement to acquire The Athletic, the global digital subscription-based sports media business that provides national and local coverage of more than 200 clubs and teams in the U.S. and around the world, for an all cash purchase price of $550 million, subject to customary closing adjustments. The transaction is expected to close in the first quarter of 2022. Meredith Kopit Levien, president and chief executive officer of The New York Times Company, said, “Acquiring The Athletic puts us in a position to be a global leader in sports journalism and offer English speakers around the world another reason to turn to the Times Company to meet their daily news and life needs. The Times already provides distinctive sports coverage for a general interest audience as part of our core report. As a stand-alone product, The Athletic will enable us to offer much more — extensive coverage for fans who seek a deep connection to and understanding of their favorite teams, leagues and players. With one of the largest dedicated teams of reporters covering sports globally and a commitment to everyday reporting, The Athletic is a great complement to The Times.”
Read More

New ‘Super Plant’ to be built in Fort Worth, TX

Green Bay Packaging Inc. (GBP) announced they will begin construction of a new 600,000 square foot corrugator plant in Fort Worth, Texas. Construction on the site is set to begin in the first quarter of 2022 and startup operation is scheduled for the second quarter of 2023. The new “super-plant” will be replacing GBP’s current 200,000 square foot corrugator plant in Fort Worth. GBP has operated a plant in Fort Worth for over 50 years. The new plant will be equipped with a new 110” Fosber corrugator and all new state-of-the-art high-speed flexo folder gluers and rotary die cutters.
Read More

Pharmaceutical Printed Literature Association Joins Two Sides North America

Two Sides North America is pleased to welcome the Pharmaceutical Printed Literature Association (PPLA) as its newest member. PPLA is a coalition representing printers, equipment manufacturers, raw material suppliers and distributors of regulated printed pharmaceutical information used by both medical professionals and patients, including package inserts, medication guides, and other label packaging such as folding cartons and pressure-sensitive labels. PPLA’s 25 member companies employ thousands of individuals across manufacturing operations in 15 states. “As Two Sides continues to grow our membership across all sectors of the print, paper and paper-based packaging industry, we are delighted to have PPLA join us and look forward to working with them to help promote the sustainability of our industry and our products, and printed pharmaceutical information in particular,” said Two Sides North America President Kathi Rowzie.
Read More

Sihl Acquisition Announcement

We are pleased to announce the acquisition of Dietzgen Corporation® in Tampa, Florida. Dietzgen Corporation® is a leading provider of converting and distribution services for digital print media including papers, films, and textiles to the US market. Dietzgen reliably provides their partners with nation-wide just in time delivery from an extensive inventory housed in six strategically located facilities. The privately held corporation has an extensive network of dealers selling their well-known media brands which include Dietzgen® – Reprographic, Magic® – Sign and Display, Museo® – Fine Art, and Validation® – Premium Proofing. The acquisition of Dietzgen is an important milestone in the strategic development of the Sihl company, especially in North America. We are excited about this transaction as it fuels our vision to become the leading high-end coated print media supplier in the US. The combination of Dietzgen´s superior converting, logistics and distribution capabilities with the innovative product offering and service level of Sihl will create an exceptional offering for our customers in terms of quality and service. We look forward to discussing with you how this transaction can possibly create advantages for you at your earliest convenience and further strengthen our continued partnership.
Read More

Oliver Completes Fourth Packaging Acquisition

Oliver Inc. announces it has acquired Professional Image and aspecialtybox.com (collectively, “Professional Image”). Professional Image is a leading manufacturer of custom folding carton packaging and e-commerce provider of innovative stock packaging and accessories serving customers in food and beverage, beauty products, confection, health and wellness, and consumer goods markets. Based in Tulsa, Oklahoma, Professional Image will continue delivering design-forward packaging solutions from its current location. “The addition of Professional Image accelerates Oliver’s position as one of the nation’s largest independent specialty packaging providers,” said Dan Rodenbush, President/CEO of Oliver. “We are proud to welcome the Professional Image and aspecialtybox.com team to the Oliver family. Together, we will better serve our customers with additional geographic reach, capacity, and high-end, design-forward product offerings.”
Read More

Walgreens Boots Alliance Exceeds Expectations for Fiscal 2022 First Quarter Earnings

First quarter highlights: *First quarter earnings per share (EPS*) from continuing operations was $4.13, compared with a loss of $0.45 in the year-ago quarter; continuing operations adjusted** EPS increased to $1.68, up 53.1 percent on a constant currency basis *First quarter sales from continuing operations increased 7.8 percent to $33.9 billion, up 7.6 percent on a constant currency basis *First quarter operating income from continuing operations increased to $1.3 billion, compared with a loss of $535 million in the year-ago quarter; adjusted operating income from continuing operations increased to $1.8 billion, up 48.5 percent on a constant currency basis *VillageMD and Shields majority investments closed on November 24th and October 29th, respectively
Read More

U.S. Postal Service Board of Governors to Meet Jan. 12

The U.S. Postal Service Board of Governors will meet Jan. 12, 2022, in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 4:00 p.m. ET in the Benjamin Franklin Room on the 11th floor. The Board is expected to discuss the following items: 1. Call to Order and Remarks of the Vice Chairman 2. Remarks of the Postmaster General and CEO 3. Board Leadership 4. Adjournment. Open session meetings of the Board of Governors are available on live audio webcasts at http://about.usps.com/who/leadership/board-governors/briefings/welcome.htm. Three hours after the conclusion of the open session meeting, a recorded audio file will be available for listening. In compliance with Section 508 of the Rehabilitation Act, the audio webcast will be open-captioned.
Read More

Amazon reduces packaging waste with machine learning (chainstoreage.com)

Amazon is tackling packaging sustainability at scale with several artificial intelligence (AI) technologies. In a corporate blog post, Amazon described how it is using machine learning (ML) approaches and a combination of natural language processing and computer vision to determine how to use the right amount of packaging for the hundreds of millions of products it ships. According to Amazon, these tools have helped it reduce per-shipment packaging weight by 36% and eliminating more than a million tons of packaging, equivalent to more than 2 billion shipping boxes, over the past six years. To make a prediction about whether a given product could be safely shipped in a particular package type, Amazon built an ML model based largely on text-based data from online product listings such as item name, description, price, and package dimensions.
Read More

The Navigator Company applies 15% surcharge to tissue prices due to strong cost increases

The Navigator Company announced today that it will apply an energy, logistics and commodities surcharge to its tissue products, amounting 15% of the sales price, to offset the significant and unexpected raising of its input cost. Its application will be effective for all dispatches from 15 th of January onwards. The continuity and amount will be regularly reviewed based on the evolving market conditions. The global change in the economy, with dramatic impacts, affects the overall industry with unsustainable increase in input costs, such as energy, natural gas, pulp, chemical products, packaging materials, wood pallets and logistics. Navigator believes that this exceptional measure is imperative to support the long-term sustainability of its business model and of the overall supply chain.
Read More

I.D. Images, LLC Acquires Digital Printing Concepts, Multi-Action, and Valley Forge Tape and Label

Sole Source Capital LLC announced that its portfolio company, I.D. Images (“IDI”), a premier provider of product identification solutions, has made three significant acquisitions over the past five months. IDI’s acquisitions of Digital Printing Concepts, Multi-Action Communications, and Valley Forge Tape & Label Company have more than doubled the size of the company and extended its reach to several new markets across the U.S. and Canada since it became a Sole Source Capital portfolio company in August 2021. Terms of the transactions were not disclosed. IDI manufactures high-quality durable and graphic intensive labels that address a broad range of product identification needs for a variety of end markets. Digital Printing Concepts, founded in 2003 and based in East Providence, RI, is a manufacturer of custom durable variable data labels that are utilized in warehouse logistics. Headquartered in Quebec, Canada, Multi-Action Communications is a manufacturer of logistics, grocery, track-and-trace, and prime labels to customers throughout Canada and the United States. The company was founded in 1993 and operates out of three manufacturing facilities across Canada. Based in Exton, PA and founded in 1962, Valley Forge Tape & Label Company is a longstanding, full-service manufacturer of custom printed self-adhesive labels for the Food and Beverage, Healthcare, and Consumer Products industries.
Read More

Sustana Fiber Signs Commitment to Increase Paper Cup Recycling

Sustana Fiber along with a group of prominent paper mills and end markets across North America signed a declaration of acceptance and a commitment to increasing recycling of paper cups. The group includes Essity, GP PRO, Graphic Packaging International, Great Lakes Tissue Company, ND Paper, Pratt Industries, WestRock and Sustana Fiber. These organizations representing 75% of mixed paper demand (by quantity consumed) in the U.S. and Canada are accepting paper cups. Seven companies with 25 paper mills actively accept residential mixed paper bales (ISRI grade 54) with paper cups included, while three companies with five facilities currently accept paper cups when included with aseptic and gable top cartons in carton bales (ISRI grade 52). Paper cups have a coating on the inside (for hot drink cups) or on both sides (for cold drink cups) that provides a liquid barrier to the fiber. Although the coating has long been seen as a reason not to recycle paper cups, several companies have conducted tests and determined that the coating does not present an obstacle to recycling the cups in their facilities. The mills use pulping systems that separate the coatings from the fiber, recovering the fiber with a 70% to 90% yield.
Read More

Tennessee to Expand Wildlife Area by 1,000 Acres

Tennessee’s Bear Hollow Mountain Wildlife Management Area officially just got bigger by 1,000 acres. The area is north of the Alabama border and an hour west of Chattanooga. The Associated Press reported that the new land connects the divided land. Thanks to the Conservation Fund’s land purchase in March 2021, the Tennessee Wildlife Resources Agency found time and money for the land purchase. The agency manages 125 wildlife management areas throughout the state. According to The Chattanoogan, The Conservation Fund worked in partnership with the Open Space Institute (OSI), The Nature Conservancy in Tennessee (TNC), and the Tennessee Wildlife Resources Agency (TWRA) to close the deal. The Nature Conservancy of Tennessee helped out with some donations. They came from the Riverview Foundation, the WestRock Foundation, and a private estate gift.
Read More

Graphic Packaging International Names New Executives in Americas and International Business Units

Graphic Packaging Holding Company announced that Maggie Bidlingmaier will join Graphic Packaging as EVP and President of the Americas business unit. Ms. Bidlingmaier was most recently President, Performance Solutions for Invista, a subsidiary of Koch Industries, where she led numerous multimillion-dollar global businesses within the flooring, apparel and airbag fiber segments. Prior to that, she was Vice President, Surfaces at Invista, following a successful career with Avery Dennison in global sales and marketing roles of increasing responsibility. President and CEO of Graphic Packaging, Michael Doss, commented, "Maggie's expertise in driving comprehensive vision shifts to accelerate growth and expansion complements our vision of growing with the best customers in the best markets and generating superior returns for our stakeholders. We look forward to Maggie's leadership in developing team dynamics that will drive our high-performance culture to the next level." Joe Yost, previously EVP and President, Americas, has been appointed EVP and President of the International business unit, based in Brussels. In this role, Mr. Yost will have responsibility for converting operations outside the Americas, including the Company's businesses in EMEA, Australia and New Zealand.
Read More

S&P Global Acquires The Climate Service, Inc.

S&P Global and The Climate Service, Inc. announced today that S&P Global has acquired The Climate Service. Based in Durham, North Carolina The Climate Service, Inc. was founded in 2017. Since then, The Climate Service has won multiple awards for its innovative approach to analyzing climate risks, including winner of the 2021 ESG Investing Best Specialist ESG Data Provider award, New Wave Leader 2020 by Forrester and World Changing Ideas by Fast Company. The acquisition will add capabilities to S&P Global's leading portfolio of essential environmental, social, and governance (ESG) insights and solutions for its customers. Through this acquisition, S&P Global will be able to offer its clients even more transparent, robust and comprehensive climate data, models and analytics.
Read More

The Paperworkers’ Union has announced to continue its strike in several UPM mills in Finland

The Finnish Paperworkers’ Union has issued a new strike announcement to UPM, declaring that their strike at UPM’s Finnish mills will be extended by two weeks until 5 February 2022, unless new agreements are reached before that. The Paperworkers’ Union’s strike at UPM Pulp, UPM Biofuels, UPM Communication Papers, UPM Specialty Papers and UPM Raflatac units in Finland started 1 January 2022. “If the members of the Paperworkers’ Union want to continue the strike, they naturally have every right to do so. UPM’s goal continues to be to start business specific negotiations with the union as soon as possible. Negotiations are the only way forward. It is important that the negotiations for new agreements begin with a forward-looking mindset and determination to find the best solution for each business and its personnel” says Jyrki Hollmén, Vice President, Labour Markets at UPM. Just before the strike started, UPM received from the Paperworkers’ Union an email proposal for a new collective labour agreement, without any prior negotiation contact. The proposal was practically the same old collective agreement, which expired at the end of 2021. UPM, however, aims to have genuine interactive negotiations on the new terms of labour.
Read More

CEPI Pledges To Support A Transition Towards Sustainable Products

The European paper industry fully supports the EU ambition of making Europe the world’s first climate-neutral continent by 2050 and building a European circular economy. The carbon neutrality objective requires the European pulp and paper industry to become even more sustainable, efficient and innovative. The pledge has been taken by the industry as a whole, covering diverse products and materials made in the sector. Cepi, as the organisation representing the industry at EU level, will also leverage its existing networks within users of paper and forest fibre products, including many major companies with a global footprint. This will ensure that the pledge gains enough traction and has a real impact on climate neutrality, resource efficiency, and circularity. The new commitment is based upon three main pillars: *The achievement of full circularity performance for paper-based products and packaging. *The acceleration of innovation to replace fossil-based materials. *Ensuring responsible sourcing for paper-based products and packaging.
Read More

Aptar Food + Beverage’s Rocket Next-Generation Sport Cap

Rocket sport cap offers visual consumer safety through a yellow-colored band that indicates whether the packaging has been opened on store shelves or at home. This solution redefines beverage packaging safety standards as the first one in the market providing a visual and intuitive non-detachable tamper evidence indicator. “Aptar is dedicated to creating solutions based directly on consumer feedback,” Nguyen Hoang, Sebastien, global business development director beverage, said. “Rocket was born from consumer insights to offer visual safety that provides reassurance, in addition to an improved drinking experience that brings the comfort and convenience consumers value.” In addition to its visible safety, Rocket provides further safety to consumers with its “no-dust”, double-wall lid design that protects the spout from external contaminants, in addition to being designed to adhere to child safety standards (BSDA & EN 71*). A large finger recess and audible closing “click” sound makes opening and closing Rocket easy and reassuring for consumers.
Read More

AAP November 2021 StatShot Report: Industry Up 8.3% for Month and 13.1% Year-to-Date

The Association of American Publishers (AAP) released its StatShot report for November 2021 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, and Professional Publishing. Total revenues across all categories for November 2021 were up 8.3% as compared to November 2020, coming in at $1.3 billion. Year to date revenues were up 13.1%, at $14.3 billion for the first eleven months of the year.
Read More

Hearst Agrees To Acquire CellTrak, A Leading Provider of Care Documentation Software Solutions

Hearst announced it has agreed to acquire CellTrak, a leading provider of care documentation software solutions in the personal care market. The announcement was made by Steven R. Swartz, Hearst president and CEO; Gregory Dorn, MD, Hearst Health president; Scott Decker, Homecare Homebase president; and Dan Wacker, CellTrak CEO. Terms were not disclosed and the transaction is expected to close in Q1 of 2022. CellTrak will become a wholly owned subsidiary of Homecare Homebase, with Wacker continuing as general manager of the company. “In-home care services have grown significantly the past 10 years as it is the preferred venue for people to receive care, and Homecare Homebase has been the leading platform providing vital workflow solutions in the home health and hospice categories,” said Dorn. “Extending their capabilities to personal care is the right next step for caregiving in the home.”
Read More

Ann C. Fisher Elected Vice Chairman of the Postal Regulatory Commission

Postal Regulatory Commission Chairman Michael Kubayanda announced the election of Commissioner Ann C. Fisher as vice chairman of the agency. PRC regulations state that the Commission elect a member to serve as vice chairman for a term of one year. In making the announcement, Chairman Kubayanda said, “Congratulations to Vice Chairman Fisher on her election to the vice chair role for 2022. She brings extensive experience and knowledge of postal issues to the position. I would also like to thank Commissioner Ashley Poling for her excellent service as vice chairwoman throughout calendar year 2021.” Vice Chairman Fisher was appointed commissioner of the PRC in August 2019 following her nomination by President Donald J. Trump and confirmation by the United States Senate. Her experience with postal issues spans close to 3 decades.
Read More

The Publishing Industry Is Still Waiting for the New Normal (publishersweekly.com)

The publishing industry made it through 2020 in much better shape than most thought it would when the pandemic first emerged nearly two years ago. Though there were many challenges and some companies and segments of the industry struggled, most companies had good financial years, and overall industry sales were unexpectedly robust in 2020. With the hope that the negative effects of Covid-19 would ease in 2021, most industry members expected that the business would settle into something of a new normal last year. But that was not to be the case. The biggest story of 2021 was the ongoing impact the pandemic had on the industry. Virtual author tours, conferences, and fairs became standard practices in 2020, but there was hope that 2021 would eventually bring a return to in-person events—for the most part, however, those ideas were thwarted. During the summer, bookstores slowly began experimenting with live author appearances, usually held outdoors or in limited numbers indoors with masked customers. But as colder weather set in and different variants sprang up, in-person tours largely ended, and there's no certainty among the industry regarding when they might return in a significant way.
Read More

PEFC announces departure of CEO

We begin 2022 with the announcement that Ben Gunneberg is departing PEFC after a long and distinguished career as Secretary General/CEO. “The PEFC global alliance is grateful for Mr Gunneberg’s outstanding service and commitment to PEFC, as well as his significant accomplishments over his distinguished tenure,” said Eduardo Rojas Briales, Chair of PEFC International. "Under his leadership, PEFC has made a real and measurable difference in forests around the world and in the lives of people who depend on these forests." Mr Gunneberg has been the leading advocate for PEFC and for our common objective of promoting sustainable forest management during his 22 years of service. We are deeply grateful for his unwavering dedication, loyalty, and outstanding service.
Read More

Greif, Inc. Announces Definitive Agreement to Divest 50% Stake in Flexible Packaging Joint Venture to Gulf Refined Packaging for $123 million

Greif, Inc. announced that it has entered into a definitive agreement to divest its 50% share in the Flexible Packaging joint venture, or "FPS" to Gulf Refined Packaging (GRP) for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments. Greif expects to use the proceeds for debt repayment. "While we have worked closely with our joint venture partner, each partner held different views of the appropriate path forward for the FPS business," said Pete Watson, Greif's President and Chief Executive Officer. "As a result, we entered into a process to determine a single owner and utilized our disciplined capital allocation framework that resulted in an agreement to sell our ownership stake to GRP for significant value. I would like to thank our FPS colleagues for their hard work over the last 11 years and for their continued commitment to the business during the transition ahead."
Read More

Tetra Pak awards BillerudKorsnäs for being ahead in fighting climate change

BillerudKorsnäs has been awarded the Climate Prize as part of the supplier engagement initiative “Join us in protecting the planet”, driven by Tetra Pak. The company, which is one of BillerudKorsnäs’ most important customers, launched this initiative last year to create a movement aimed to accelerate sustainability actions across its value chain. “We commit to making safe food available, everywhere. And we promise to do that in a way that protects what’s good: protecting food, people and the planet. In order to shape the future with secure and sustainable food systems we are decarbonizing the materials we use as well as the production processes, and the key ingredient for success here is collaboration. Our supply partner BillerudKorsnäs has achieved the lowest greenhouse gas emissions for the products provided to us and has submitted the most ambitious climate action plan, that is approved by the Science Based Targets initiative in line with a 1.5°C pathway. By doing this, they are one step ahead and this award recognises that they are leading by example in fighting climate change,” says Lars Holmquist, Executive Vice President for Sustainability & Communications at Tetra Pak.
Read More

Packaging regulation is changing around the globe

What do Italy, Australia and India have in common? In each country, new regulations aimed at reducing packaging waste and promoting alternatives to plastic will come into force in 2022. While packaging is often necessary to protect products, everyone in the industry is looking for ways to reduce waste and overpackaging. This goal is complemented with efforts to make packaging more sustainable with renewable and recyclable materials. The quest for sustainability unites big brands with responsible consumers and – regulators around the world. In recent years, governments have responded to public concerns by devising rules that seek to tackle packaging waste – single-use plastics in particular – and improve recycling and waste management systems. Many of these new norms will become effective in the next years, creating a worldwide regulative trend that can help promote more sustainable packaging. Here’s a quick look into what various countries are currently doing to reduce packaging waste and how this affects companies and consumers.
Read More

Strikes started at most UPM mills in Finland – businesses still seeking to start negotiations with the Paperworkers’ Union

Members of the Paperworkers’ Union, the Finnish Electrical Workers´ Union and the Trade Union Pro have this morning (1-Jan-2022) started strikes at UPM mills in Jämsänkoski, Kouvola, Lappeenranta, Pietarsaari, Rauma, Tampere and Valkeakoski. According to the unions, the strikes will continue until 6 o’clock on 22 January 2022 unless a new collective labour agreement is reached before that. The Paperworkers’ Union has not excluded any work from the strike, not even tasks critical to the society, such as operating and maintenance of water treatment and power plants. UPM businesses falling under the strikes are UPM Pulp, UPM Biofuels, UPM Communication Papers, UPM Specialty Papers and UPM Raflatac. The strikes do not concern UPM Plywood and UPM Timber, both of which signed business specific collective agreements with the Industrial Union in December. Furthermore, UPM Energy operates as usual, as it complies with the generally applied collective agreements of the energy industry.
Read More

Huhtamaki has acquired full ownership of its paper bag joint venture in Poland

Huhtamaki has acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd. (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland. Paper bags have become an increasingly important part of Huhtamaki’s product offering and the acquisition enables the company to invest in and further grow the business in Eastern Europe. The purchase price for additional shares and related manufacturing equipment is approximately EUR 2 million. The business has been reported as part of the Foodservice Europe-Asia-Oceania business segment since beginning of operations in 2018.
Read More

Metsä Board to purchase all shares in Hämeenkyrön Voima Oy

Metsä Board, part of Metsä Group, purchases from Pohjolan Voima Oyj all the shares in Hämeenkyrön Voima Oy that it owns. Metsä Board has announced its plan to purchase the shares on 27 September 2021. In addition, Metsä Board will purchase from DL Power Oy, part of Leppäkoski Group, all the shares in Hämeenkyrön Voima Oy that it owns. Both transactions have been completed on 1 January 2022, after which Metsä Board will own 100% of Hämeenkyrön Voima Oy. The transaction will not have a significant impact on Metsä Board's key financial figures.
Read More

U.S. Postal Service Sustains Strong Service Performance for First-Class and Marketing Mail through Christmas

The United States Postal Service reported new service delivery performance metrics showing ongoing strong service for First-Class Mail and Marketing Mail, with a slight decline for Periodicals through the first 12 weeks of the fiscal first quarter. Since Thanksgiving, the Postal Service has accepted 11.1 billion pieces of mail and packages for delivery and anticipates it will deliver more than 12 billion pieces of mail and packages by New Year’s Day. First quarter-to-date service performance scores covering the period Oct. 1 through Dec. 24 included: *First-Class Mail: 89.8 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 1.24 percentage points from the fourth quarter. *Marketing Mail: 91.7 percent of Marketing Mail delivered on time against the USPS service standard, a slight decrease of .73 percent from the fourth quarter. *Periodicals: 81.2 percent of Periodicals delivered on time against the USPS service standard, a decrease of 1.57 percent from the fourth quarter. *Overall, the average number of days to deliver a mailpiece across the network was 2.7 days.
Read More

The ODP Corporation Announces Sale of Its CompuCom Subsidiary in Transaction Valued up to $305 Million

The ODP Corporation announced that it has sold its CompuCom Systems subsidiary to an affiliate of Variant Equity in a transaction valued up to $305 million. “This action represents an important step in continuing to align our business model and resources towards our core strategy,” said Anthony Scaglione, chief financial officer of The ODP Corporation. “By enhancing our core focus and leveraging our B2B assets and digital commerce platform, we are in an excellent position to maximize returns for our shareholders.”
Read More

Sonoco Recycling Acquires American Recycling of Western North Carolina

Sonoco Recycling, one of the largest sustainable global packaging companies, announced it has acquired American Recycling of Western North Carolina, a privately owned recovered paper recycler located in Asheville, N.C. American Recycling of Western North Carolina is a privately owned business that processes approximately 30,000 tons of recovered fiber annually at its well-capitalized Asheville material recovery facility. The business expects to generate approximately $9 million in sales in 2021 and it is strategically located approximately 65 miles from Sonoco’s Newport, TN, uncoated recycled paperboard mill. “This acquisition provides Sonoco’s mill operations with a stable, lower-cost supply of recovered fiber with the opportunity to grow volumes in the region,” said Palace Stepps, Division Vice President and General Manager of Sonoco Recycling.
Read More

Ox Industries Expands Footprint with South Carolina Acquisition

Ox Industries acquires York, SC-based York Industries Inc. York Industries is a leading producer of green protective packaging and paper tubes and cores, converting over 16,000 tons of uncoated recycled paperboard. Founded in 1989, York Industries is traded under Customer Paper Tube SE and Edgeboard SE brand names and is a regional supplier servicing customers in the Southeast US. “This acquisition further expands our geographic footprint of providing niche products that vertically integrate into our mill network. We look forward to working with the York team members and expanding the service and products for our customers.” CEO Kevin Hayward.
Read More

News Corp to Acquire Base Chemicals

News Corp announced that it has entered into an agreement to acquire the Base Chemicals business from S&P Global and IHS Markit. Base Chemicals will become part of Dow Jones’ Professional Information Business, alongside OPIS, the energy and renewables data and information business. The OPIS acquisition (along with related assets), also from S&P Global and IHS Markit, was announced in August. The addition of Base Chemicals and OPIS will further enhance Dow Jones’ information services business. Base Chemicals is known for its pricing data, insights, analysis and forecasting capabilities for the world’s most important base chemicals delivered through its leading Market Advisory and World Analysis services. Base Chemicals has a strong track record of growth, with a revenue base that is nearly 100% digital and recurring, and, similar to OPIS, has high margins with modest Capex requirements.
Read More

O-I Glass Sells Cristar Tableware Business as Part of Its Ongoing Portfolio Optimization Program

O-I Glass, Inc. announced that a subsidiary of the company has entered into a definitive agreement to sell Cristar TableTop S.A.S. (“Cristar”) to Vidros Colombia S.A.S, an affiliate of Nadir Figueiredo S.A., a glass tableware producer based in Brazil. The sale would generate gross proceeds of approximately $95 million and is expected to close during the first half of 2022, subject to customary regulatory approvals and other closing conditions. Cristar owns a dedicated tableware manufacturing plant in Buga, Colombia, that exports tableware to approximately 40 countries around the world and generated approximately $14.6 million of EBITDA(1) during the last twelve months ended September 30, 2021. “O-I continues to advance its strategy including the company’s portfolio optimization program which will enable future growth in the core business,” said Andres Lopez, O-I Glass CEO. “We are deploying proceeds from the sale of non-core assets to help fund our expansion plan, leveraging our exciting new MAGMA solution, that includes investment with attractive returns.”
Read More

USPS Maintains Strong Service Performance for First-Class and Marketing Mail During Busiest Week of the Year Despite Industry-Wide Delays

First quarter-to-date service performance scores covering the period Oct. 1 through Dec. 17 included: *First-Class Mail: 90.1 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 1.6 percentage points from the fourth quarter. *Marketing Mail: 91.8 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fourth quarter. *Periodicals: 81.2 percent of Periodicals delivered on time against the USPS service standard, a slight decrease of 1.56 percent compared to performance from the fourth quarter. *Overall, the average number of days to deliver a mailpiece across the network was 2.7 days.
Read More

Plum Grove Announces $4M Expansion and New Facility (piworld.com)

Plum Grove Inc., an award-winning integrated marketing agency, announced its $4M expansion. The 2021 growth plan includes the relocation of its headquarters to Cary, Illinois, and investment in additional print capacity, including the purchase of a Komori Lithrone 6-Color Offset Printing Press. The expansion comes as the company celebrates its 40th year anniversary. Construction updates on the 43,000 square-foot facility is expected to be completed in October 2021. Located in McHenry County, the new address at 320 Cary Point Drive in Cary, Illinois, is approximately 30 miles from Chicago O’Hare International Airport and 45 miles from downtown Chicago. The building will house Plum Grove’s corporate offices, print production, mailing services, trade show displays, sign shop, pick-and-pack operations, digital marketing, and creative services under one roof with capacity for future growth.
Read More

Euro-Graph Publishes October 2021 Statistics of the European Graphic Papers Industry

Total European shipments of graphic papers in October 2021 were down 3.1% vs. October 2020 and were UP 4.5% year-to-date. Total European shipments of newsprint in October 2021 were down 6.4% vs. October 2020 and were down 3.7% year-to-date. Total European shipments of sc-magazine in October 2021 were down 12.5% vs. October 2020 and were UP 0.7% year-to-date. Total European shipments of coated mechanical reels in October 2021 were down 7.6% vs. October 2020 and were UP 2.4% year-to-date. Total European shipments of uncoated mechanical (improved & others) in October 2021 were down 77.2% vs. October 2020 and were UP 3.5% year-to-date. Total European shipments of coated woodfree in October 2021 were UP 13.2% vs. October 2020 and were UP 11.6% year-to-date. Total European shipments of uncoated woodfree in October 2021 were down 0.1% vs. October 2020 and were UP 11.2% year-to-date.
Read More

Canfor Pulp Announces Extended Production Outage at Northwood Pulp Mill

Canfor Pulp Products Inc. announced an extended outage on one production line at its Northwood Northern Bleached Softwood Kraft (“NBSK”) Pulp mill located in Prince George, British Columbia (“BC”). The outage is to enable the rebuild of the lower furnace of its number one recovery boiler (“RB1”), in order to ensure the safe and reliable operation of the boiler. The Company currently estimates that the extended downtime will be approximately 85 to 100 days, with a reduction in production of NBSK pulp of 68,000 to 80,000 tonnes and an estimated capital cost of $30 million, as well as higher associated maintenance costs. Canfor Pulp will continue to operate the second production line at the Northwood Pulp mill over this period.
Read More

Dark Horse Media Acquired by the Embracer Group (publishersweekly.com)

Dark Horse Media, an independent comics publishing house and entertainment media company, has been acquired by the Embracer Group, a Swedish video game development company. Financial terms were not disclosed. Embracer is directed by cofounder and group CEO Lars Wingefors. The group’s purchase includes the acquisition of an 80% stake in Dark Horse from a “seller based in Hong Kong and China”—which appears to be Vanguard Visionary Associates, the Chinese media production company that took an investment stake in DH in 2018—and a remaining 20% share owned by Dark Horse founder, CEO, and publisher Mike Richardson and Dark Horse COO Neil Hankerson.
Read More

A sustainable celebration with PEFC – European cities choose certified Christmas trees

As Christmas is coming closer, magnificent Christmas trees are lighting up city centres and spreading seasonal splendour. Again this year, several European cities have chosen PEFC-certified firs and spruces. A PEFC-certified Christmas tree takes centre stage at Trafalgar Square in London. The 23 metre Norwegian Spruce tree is around 80 years old and was sourced from a PEFC-certified forest in Maridalen, Oslo. The tree is a gift from the people of Norway to the people of London to thank them for their support in World War II. It stands as a symbol of long-standing friendship and international cooperation between the two countries.
Read More

CJK Group Acquires Tweddle Group

CJK Group, Inc. announced today that it has acquired Tweddle Group, a pre-eminent provider of one-stop product support service to a broad array of global original equipment manufacturers (OEMs). Tweddle is widely recognized as a leader in content development, content management, creative services, and digital, print, and distribution solutions—all supported by state-of-the-art proprietary technologies. At the core of Tweddle Group is a mission to greatly enhance its clients’ end-user experiences, be it simplifying and streamlining user data and access, or applying technology to enhance processes or deliver innovative new solutions. Simply put, Tweddle Group is a catalyst to OEM success; delivering solutions that yield customer retention and growth. With over 500 employees worldwide, Tweddle Group’s Global Headquarters resides in Clinton Township, MI. The company also has offices in Europe and Asia. Tweddle Group Italy is located in Ravenna, with supporting offices in Torino, Modena, and Pozzilli, Tweddle Group Belgium is located in Schelle, Belgium, and Tweddle Group China is located in Shanghai. The company was founded in 1954.
Read More

ANDRITZ improves pulp mill performance at Mondi Frantschach, Austria

International technology group ANDRITZ has successfully improved performance of the pulp mill at Mondi Frantschach by implementing new advanced process controls. The target was to reduce the variability of Kappa, an indication of the lignin content in the pulp, in order to run the process a step closer to its maximum specification limits. This measure leads to higher production efficiency in the mill because less wood is needed to produce the same amount of pulp. As part of the optimization project, ANDRITZ Automation commissioned and fine-tuned three advanced process controls (APCs) in Mondi´s continuous cooking process. The controls implemented, including the chip level control for digester and impregnation vessel, the digester H-factor control (kinetic model for the rate of delignification in kraft pulping) and the blow-flow consistency control, were fully developed with Metris X – the distributed control system (DCS) developed by ANDRITZ Automation to simplify operational complexity, lower project risk, and improve plant performance. Metris X is a key application of the Metris UX Platform, a state-of-the-art digitalization platform that enables full functionality and support for industrial plants throughout their entire life cycle.
Read More

Shuttered Wisconsin Rapids paper mill could be sold off following Verso acquisition (wpr.org)

News of the sale of the Ohio-based company Verso could have major implications on Wisconsin's paper and timber industries. But the Swedish company that's buying it hasn't clarified its plans for the shuttered Wisconsin Rapids mill. The Rapids mill employed 900 workers and served as the upper Midwest's largest buyer of Wisconsin forest products until the company took the mill idle in July 2020. The closure has had lasting effects on the city, and on industries that relied on the mill — especially logging. The packaging company BillerudKorsnäs AB announced Sunday it would acquire Verso Corp. In statements and in a press conference, executives for the company announced a $1 billion, nearly decade-long plan to convert and upgrade the mill in Escanaba, Michigan, into a producer of sustainably made paperboard. They also discussed plans to maintain operations at Verso's mill in Quinnesec, Michigan. Conspicuously absent from either company's statements, though, was significant discussion of Wisconsin Rapids.
Read More

ATA Truck Tonnage Index Increased 1.3% in November

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.3% in November after rising 0.4% in October. In November, the index equaled 114.5 (2015=100) compared with 113 in October. “November’s gain was the fourth straight, totaling 4.3%, and the tonnage level was the highest since April,” said ATA Chief Economist Bob Costello. “The recent streak is very good, but it should be noted that from April through July the index fell a total of 4.6%, so we are not quite back to where we were last spring. "With that said, the index saw the largest gain from a year earlier since May. In November, strong factory output and housing starts helped push the index higher," he said.
Read More

Ennis Inc Reports Results for the Quarter Ended November 30, 2021

Highlights include: *Revenues were $103.0 million for the quarter compared to $92.4 million for the same quarter last year, an increase of $10.6 million or 11.5%. *Earnings per diluted share for the current quarter were $0.29 compared to $0.32 for the comparative quarter last year, a decrease of 9.4%. *Our gross profit margin for the quarter was 28.4% compared to 30.4% for the comparative quarter last year.
Read More

Question #1: WHAT ARE DIGITAL COOKIES? Digital cookies are text files with small pieces of data used to identify your computer when you visit a website. This data is labeled with an ID unique to you and your computer. Cookies let websites remember you, your website logins, shopping carts and preferences. They can also be used to serve you ads after you leave the website. Question #2: WHAT IS HAPPENING WITH COOKIES? Online privacy has been a widely debated topic in recent years. Overall, consumers want increased privacy and control over how their data is used. In response to these privacy demands, Google announced it would stop supporting the use of third-party cookies by 2023. Safari and Firefox have already blocked third-party cookies. Question #3: WHAT DOES THIS MEAN FOR MARKETERS? In short, marketers will need to find new sources of data or new targeting methods.
Read More

Stora Enso is investing EUR 23 million into board production at the Varkaus site in Finland

Stora Enso invests EUR 23 million in the Varkaus containerboard site. The aim of the investment is to increase the flexibility of the product range available for customers and to grow the site’s total capacity by approximately 10%. This will also increase the use of recycled fiber in the production in addition to fresh wood fiber. The Varkaus site produces unbleached softwood pulp and high-quality brown and white top containerboard for corrugated board, i.e. kraftliners. In addition to unbleached softwood pulp, the paper mill currently uses about one third of the total board packaging recycled in Finland as its raw material. The investment will further increase the use of recycled fiber in the site.
Read More

ProAmpac acquires packaging supplier Prairie State Group (canplastics.com)

In a deal that expands its position in the food and pet food markets and beefs up its labeling capabilities, flexible packaging supplier ProAmpac has acquired Prairie State Group (PSG), an SQF-certified provider of flexible packaging and labeling services based in Franklin Park, Ill. The financial terms of the transaction were not disclosed. PSG produces a range of SQF-certified and environmentally-friendly flexible packaging and label solutions, including wrappers, pouches, compostable film, roll stock, and pressure-sensitive labels.
Read More

Graphic Packaging Holding Company Named to Newsweek’s List of America’s Most Responsible Companies for Second Year in a Row

Graphic Packaging Holding Company has been named to Newsweek's 2022 list of America's Most Responsible Companies for a second year in a row. The recognition is based on a detailed analysis of Environmental, Social and Corporate Governance (ESG) factors. "Being recognized for a second year by Newsweek for corporate responsibility as well as being included on Forbes' inaugural list of Top Female-Friendly Companies is a true honor," said Michael Doss, President and Chief Executive Officer. "At Graphic Packaging, we are committed to delivering sustainable fiber-based consumer packaging solutions through a high-performance company culture that embraces diversity. We are committed to positive change and advancement of our environmental, social and governance initiatives. The recognitions demonstrate the progress we have made and will continue to drive to benefit all stakeholders."
Read More

ANDRITZ to supply third OCC line to Nine Dragons, China

International technology group ANDRITZ has received a repeat order – now the third order within the past 12 months – from Nine Dragons Paper Industries to supply a complete OCC line to China. Start-up is scheduled for the third quarter of 2023. The highly energy-saving stock preparation system will have a design capacity of 2,000 bdmt/d and will process 100% LOCC (Local Old Corrugated Container) for the production of high-quality packaging paper.
Read More

Transcendia Increasing Barrier Film Capabilities

Transcendia is excited to announce it is breaking ground on a 52,000 square foot manufacturing expansion at its Hebron, OH location as part of its ongoing commitment to investing in barrier film technologies. The new building will be equipped with additional multilayer blown and cast film lines, specialty converting equipment and a new testing lab dedicated to supporting new barrier applications in the food, pharmaceutical and industrial film markets. Upon completion, the Hebron, OH facility, with its ISO 9001:2015 certified quality systems, SQF certification and class 7 clean room capabilities, will have a total footprint of 84,000 square feet. The new building will complement existing barrier extrusion capabilities, including Transcendia’s most recent seven-layer blown film asset capable of producing films up to 78” wide with thicknesses between 1.0 – 10.0 mil. In addition to multiple asset investments, Transcendia will be adding to its application and process engineering team to provide additional technology resources for customers’ new application development. To support the expansion and 24/7 operation, Transcendia will hire approximately 36 new associates including machine operators, material handlers, maintenance technicians and supervisors.
Read More

Verso Corporation to be Acquired by BillerudKorsnäs AB for $27 Per Share in Cash, or Approximately $825 Million

Verso Corporation announced that it has entered into a definitive merger agreement under which BillerudKorsnäs AB will acquire all of the outstanding shares of Verso for a purchase price of $27 per share in cash, or approximately $825 million1. Verso's Board of Directors, acting upon the recommendation of a special committee of Verso's Board, has unanimously approved and resolved to recommend approval of the merger by Verso's shareholders. The transaction is expected to close in the second quarter of 2022. The acquisition of Verso is fully in line with BillerudKorsnäs' strategy to drive profitable growth in paperboard, and the ambition to expand into North America. BillerudKorsnäs aims to build one of the most cost-efficient and sustainable paperboard platforms in North America by converting several of Verso's assets into paperboard machines while maintaining Verso's position as a quality and cost leader in specialty and coated freesheet paper.
Read More

BillerudKorsnäs to acquire Verso to ignite growth in North America

*BillerudKorsnäs has entered into an agreement to acquire Verso for a purchase price of approximately USD 825 million in cash, corresponding to USD 27.00 per share. *Verso is a leading producer of coated papers in North America with reported net sales for the last twelve months ended 30 September 2021 of USD 1 264 million and adjusted EBITDA of USD 158 million. *The purchase price corresponds to an enterprise value / adjusted EBITDA multiple of approximately 6x for the last twelve months ended 30 September 2021. The acquisition will immediately be accretive to earnings per share and create significant shareholder value over time with a more profitable product mix. *BillerudKorsnäs will build one of the most cost-efficient and sustainable paperboard platforms in North America by converting some of Verso’s assets into paperboard machines with an estimated capex of up to SEK 9 billion. *The acquisition and transformation will be financed through a combination of a rights issue of up to SEK 3.5 billion, additional debt and operating cash flow. *The acquisition is expected to close in the second quarter of 2022, subject to the approval of Verso’s shareholders as well as the receipt of applicable regulatory approvals and satisfaction of other customary closing conditions.
Read More

Huhtamaki takes major step towards its target of using 100% renewable electricity and a carbon neutral production by 2030

Sustainability lies at the center of Huhtamaki’s 2030 Strategy and the Company is making a leap forward towards delivering on its ambitions by closing two 10-year virtual Power Purchase Agreements (VPPAs) with BayWa r.e., a global renewable energy developer. The 200 GWh agreements cover approximately 80% of Huhtamaki’s current electricity usage in Europe, where the key global provider of sustainable packaging solutions has 18 manufacturing sites in 10 countries. ”We are committed to our ambitious 2030 strategy to become the first choice in sustainable packaging solutions. This means developing a circular approach for our operations and products. We are fully committed to supporting the transition to a zero-carbon economy and have a climate strategy with clear targets and action plans to address all our emissions. Renewable electricity plays a major role in delivering on our ambitions and the agreement we have just signed with BayWa r.e. demonstrates that it is possible to achieve significant progress in a short time,” says Charles Héaulmé, President and CEO of Huhtamaki.
Read More

Sonoco Agrees to Acquire Ball Metalpack

Sonoco announced it has entered into a definitive agreement to acquire Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America, for $1.35 billion in cash before taking into consideration tax benefits with an estimated net present value of approximately $180 million. Ball Metalpack is a joint venture owned by Platinum Equity (51 percent) and Ball Corporation (NYSE: BLL) (49 percent). Previously part of Ball Corporation, Ball Metalpack, headquartered in Broomfield, Colorado, was formed in 2018 and has more than 100 years of experience in producing steel tinplate food and aerosol cans, as well as closures and packaging components from eight operations in Canton and Columbus, Ohio; Milwaukee and Deforest, Wisconsin; Chestnut Hill, Tennessee; Horsham, Pennsylvania; and Oakdale, California. Ball Metalpack is projected to generate approximately $850 million in revenue and $111 million of adjusted EBITDA in 2021.
Read More

Felix Schoeller Group price increases effective February 1st, 2022

Due to continued sharp rise in raw material costs and inflationary indirect costs that can no longer be offset by efficiency gains, the Felix Schoeller Group will adjust prices for its specialty papers with effect from February 1st, 2022. Costs for PE and pigments used in color receiver layers continue to rise sharply. To compensate for these increases and in addition for the inflationary indirect costs the Felix Schoeller Group will implement price increases of up to 7.5% in all its product segments effective for shipments from February 1st, 2022.
Read More

Quad Completes Sale of Former Oklahoma City and Fernley Manufacturing Facilities

Quad/Graphics, Inc. announced it has completed the sale of its former Oklahoma City, OK, and Fernley, NV, manufacturing facilities to affiliates of Industrial Realty Group, LLC, one of the country’s largest owners of commercial and industrial properties, for combined net proceeds of $58.6 million. Quad will use proceeds from the sale to reduce debt and continue accelerating its competitive position as a marketing solutions partner.
Read More

Canfor Increasing Production Capacity and Diversifying with Acquisition of Millar Western Assets

Canfor Corporation is announcing that it has entered into an agreement with Millar Western Forest Products Ltd. to acquire the company’s solid wood operations and associated tenure for $420 million, including $56 million in working capital. The purchase price represents a multiple of 3 times 2020 and 2021 average EBITDA. Canfor expects to generate at least $25 million in annual synergies principally related to alignment with the Company’s marketing programs and operational enhancements. Millar Western’s solid wood operations, located in Alberta, Canada, will add 630 million board feet of production capacity and have access to a globally competitive, high-quality timber supply. The assets consist of three well-capitalized operations including two sawmill complexes in Whitecourt and Fox Creek and the high-value, specialty Spruceland Millworks facility in Acheson that is dedicated to serving strategic markets and generates higher, more stable returns.
Read More

FedEx Corp. Reports Higher Second Quarter Operating Income

“FedEx operating income grew in our second quarter, driven by strong revenue growth and effective management of our cost and expected labor availability challenges,” said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer. “While adjusted earnings per share was unchanged year over year, this year’s effective tax rate was significantly higher, as last year’s earnings included a $0.71 per share tax benefit.” Second quarter operating income improved due to higher revenue per shipment at all transportation segments, despite the negative effect of labor market challenges that have contributed to global supply chain disruptions. The challenging labor market affected the availability and cost of labor resulting in network inefficiencies, higher purchased transportation costs, and higher wage rates, which increased costs by an estimated $470 million year over year, primarily at FedEx Ground. The quarter’s results also benefited from continued strategic management actions to improve revenue quality and favorable net fuel.
Read More

Bloomsbury acquires ABC-CLIO; accelerates academic publishing in North America and further strengthens Bloomsbury Digital Resources division

Bloomsbury Publishing Plc announces that it has completed the purchase of the members’ interests of ABC-CLIO LLC. The consideration is $22.9 million (£17.3 million), of which $22.3 million (£16.8 million) has been satisfied in cash on completion and up to $0.6 million (£0.5 million) will be satisfied in cash post completion. ABC-CLIO is an established academic publisher of reference, nonfiction, online curriculum and professional development materials in both print and digital formats for schools, academic libraries and public libraries, primarily in the USA. Founded in 1955, ABC-CLIO is based in Santa Barbara, California. ABC-CLIO has four imprints and 32 databases that provide curriculum-aligned content and lesson plans, professional development support and student activities to US schools and academic institutions. It has more than 23,000 titles in its portfolio.
Read More

Service Performance Holds Across All Mail Categories As Postal Network Continues To Operate Smoothly With Increased Mail and Package Volume

First quarter-to-date service performance scores covering the period Oct. 1 through Dec. 10 included: *First-Class Mail: 90.6 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 2.1 percentage points from the fourth quarter. *Marketing Mail: 92.1 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fourth quarter. *Periodicals: 82.0 percent of Periodicals delivered on time against the USPS service standard, a slight decrease of .74 percent compared to performance from the fourth quarter. Overall, average days to deliver a mailpiece across the network was 2.7 days.
Read More

Adobe Reports Record Q4 and Fiscal 2021 Revenue

Fourth Quarter Fiscal Year 2021 Financial Highlights *Adobe achieved record revenue of $4.11 billion in its fourth quarter of fiscal year 2021, which represents 20 percent year-over-year growth. Diluted earnings per share was $2.57 on a GAAP basis and $3.20 on a non-GAAP basis. *Digital Media segment revenue was $3.01 billion, which represents 21 percent year-over-year growth. Creative revenue grew to $2.48 billion, representing 19 percent year-over-year growth. Document Cloud revenue was $532 million, representing 29 percent year-over-year growth. *Digital Media Annualized Recurring Revenue (“ARR”) increased $571 million quarter over quarter to $12.24 billion exiting the quarter, including the addition of enterprise ARR of Frame.io, which closed on October 7, 2021. Creative ARR grew to $10.30 billion. Total enterprise ARR for Frame.io, including business closed by Adobe, exiting the quarter was approximately $29 million. Document Cloud ARR grew to $1.93 billion. *Digital Experience segment revenue was $1.01 billion, representing 23 percent year-over-year growth. Digital Experience subscription revenue was $886 million, representing 27 percent year-over-year growth. *GAAP operating income in the fourth quarter was $1.50 billion.
Read More

Berry Recognized as a Climate Change Leader for its Sustainability Initiatives

Berry Global Group, Inc. is proud to announce the company received an A- rating for its action on climate change from CDP, the global not-for-profit charity that runs a leading environmental disclosure platform. The new rating places Berry in the top ‘Leadership’ band and underlines meaningful actions the company is taking to meet its sustainability goals. Only 12% of companies in the Plastic Product Manufacturing group, of which Berry is part, have reached leadership level. Berry’s A- rating is also higher than both the North America and global averages across the 13,000+ companies who participated in the CDP rating process as part of their commitment to environmental transparency. “Our CDP A- rating confirms Berry is on a successful pathway to support the transition to a net-zero economy while helping our customers meet their ambitious sustainability goals,” commented Tom Salmon, Chairman and CEO of Berry Global. “This is another significant milestone in our continuing drive to create innovative, sustainable packaging and engineered products that make life better for people and the planet.”
Read More

Toray Plastics (America), Inc., Appoints Chris Nothnagle to the Position of Senior Director, New Business Development

Toray Plastics (America), Inc., announces that Chris Nothnagle will be the company’s Senior Director of New Business Development, effective January 4, 2022. Nothnagle will replace Ken Chang, who is retiring after 25 years of service to the company. He will be responsible for managing the company’s R&D team and continue to oversee Toray’s Corporate Marketing Group. Nothnagle joined Toray in 2015 and held a variety of positions prior to being named the Senior Director of Sales and Marketing of the Lumirror® Division in 2020. Prior to joining Toray he worked at ExxonMobil for 28 years. Chang joined Toray in 1996 as a Senior Development Engineer for the Torayfan® Division and rose through the ranks, having held a variety of positions in R&D. Chang will maintain his relationship with Toray and consult on strategic projects. “Chris Nothnagle is the ideal candidate to help the company chart its course in new business development and guide our R&D team,” says Mike Brandmeier, President and CEO, Toray Plastics (America), Inc. “Chris is a very talented individual who possesses a vast knowledge of our products and the global films industry that has been instrumental in helping us grow our core films business since he joined Toray. I am confident he will excel in his new role leading our combined R&D and Corporate Marketing efforts for the future.”
Read More

New Sherbrooke Plant Doubles its Tissue Paper Capacity

KP Tissue Inc. and Kruger Products L.P. announced KPLP’s plan to add to the capacity of its Sherbrooke expansion project by constructing a double width Light Dry Crepe (LDC) tissue machine with a capacity of at least 60,000 MT instead of the previously announced 30,000 MT LDC tissue machine. This additional capacity will allow us to accelerate the growth of our business and continue to provide our customers across North America with high quality tissue products like Cashmere®, SpongeTowels®, Scotties® and Purex® in Canada and White Cloud® in the U.S., said Dino Bianco, CEO with KPLP.
Read More

Green Bay, Wisconsin, Mill Selected For Georgia-Pacific Investment To Grow Tissue And Towel Business

Georgia-Pacific announced significant investments, which total more than $500 million, at its Green Bay, Wisconsin, Broadway mill. The investments will greatly enhance the company's retail consumer tissue and towel business. Investments to the Green Bay mill include building a new paper machine using through-air-dried (TAD) technology, as well as adding associated converting equipment and infrastructure. Engineering and related work is beginning immediately, with startup of the new machine scheduled for the first half of 2024. Approximately 150 jobs will be created to operate the new papermaking complex, in addition to the mill's 850 current employees. The project will have as many as 500 construction and contract-related workers onsite at the mill, fluctuating with project timeline.
Read More

Asahi to Become First Japanese User of WestRock CanCollar® Eco Packaging

Asahi Breweries, Ltd., one of the largest Japanese beer companies headquartered in Tokyo, announced that it will be the first user1 of CanCollar® Eco Plus technology in the Japanese market as it rolls out a market test with its Asahi Super Dry brands in October 2021. Made from WestRock’s PEFC-certified CarrierKote® paperboard, CanCollar® Eco Plus packaging is recyclable and comes from sustainably managed forests. The innovative can clip design uses no glue and significantly less material than a fully enclosed box. According to Asahi, using this packaging enables the paper surface to be reduced by 77 percent for 6-can 350 ml packs and 81 percent for 6-can 500 ml packs, compared to the 6-can pack materials used in the past. Furthermore, the weight of paper used can be reduced by 65 percent for 6-can 350 ml packs and 73 percent for 6-can 500 ml packs.
Read More

Two Sides Member Spotlight

When one thinks of leaders in sustainability, it’s unlikely thoughts would turn to a 200-year-old company. But a company’s age doesn’t always mean “old-school.” Monadnock Paper Mills, Inc., the oldest continuously operating paper mill in the United States, is a gold standard example of a company that has built sustainability into the DNA of its business. With a passion for the environment and ingenuity, Monadnock has developed a portfolio of award-winning and sustainably advantaged fine printing, packaging and technical papers. All Monadnock printing and packaging papers are FSC® (Forest Stewardship Council®) certified (FSC C018866) and manufactured using 100% renewable, carbon neutral Green-e certified wind-powered electricity, all under a third-party certified ISO 14001 Environmental Management System. “We’re proud that our commitment to sustainability has yielded appreciable, measurable and verified environmental impact reductions,” says Monadnock Chairman and Chief Executive Officer Richard G. Verney. “Monadnock’s ISO 14001 certification demonstrates our holistic approach to educate the marketplace and supply the world’s leading brands with sustainable materials.”
Read More

Metsä Board sells Hangö Stevedoring to Euroports

Metsä Board, part of Metsä Group, and Euroports have signed an agreement on 16 December 2021, according to which Metsä Board Corporation will sell the entire share capital of its fully owned subsidiary Oy Hangö Stevedoring Ab to Euroports Finland Oy. The transaction is expected to be completed in the first quarter of 2022. The parties have mutually agreed that the transaction price will not be disclosed. The gain on sale will be reported as an item affecting comparability and will not have a material impact on Metsä Board's key financials. Hangö Stevedoring is a port operator in the Port of Hanko and its business is not part of Metsä Board's core business. The company has approximately 180 employees and its sales in 2020 were approximately EUR 20 million.
Read More

New survey signals recovery in printing paper, with quality and carbon neutrality becoming more important

During 2020 and early 2021, the pandemic-driven shift to stay-at-home work, where people print less, brought a dip in demand for office paper. Now with workers heading back to the office, a new survey commissioned by Stora Enso indicates an expected recovery for office printing paper. “This is good news for the industry,” says Stora Enso’s Jonathan Bakewell, VP, Head of Segment Office and Book Papers, “but we also set out to ask some broader questions about printing behaviour and preferences and what going back to the office would really look like for people.” The survey, which was rolled out to 3,400 people across Sweden, UK, France, Netherlands, and Germany, showed that a return to the office is underway now, with 35% of respondents saying they have already returned and a further 51% expecting to return soon. But they will not be going back to the five-day week. The preferred mix (33%) was for three days at the office and two days at home, while 14% aren’t planning to return to the office at all.
Read More

Wiley Acquires eJournalPress

Global research and education leader Wiley today announced the asset purchase of eJournalPress (EJP), a leading provider of software and support services for scholarly publishing. With this investment, Wiley plans to drive the evolution of the technology and platforms that underpin research publishing and advance the future of research communication. EJP’s online manuscript submission, peer review, and journal production tracking systems deliver a comprehensive service for authors, editors and publishers to create, review and manage scholarly content as it moves through peer-review and gets published online. “Getting trusted, peer-reviewed research into the world requires both smart people and sophisticated technology,” said Jay Flynn, Wiley Executive Vice President and General Manager, Research. “By investing in the future of EJP, we will drive innovation in journal workflow and peer review management to deliver best-in-class solutions for our clients and partners.”
Read More

HH Global Win at the 2021 Performance Marketing Awards

HH Global are delighted to have been presented with the inaugural Lead Generation Award at the Performance Marketing World Awards 2021 last week. This award celebrates our incredible collaborative campaign with Anglian Home Improvements, to generate relevant leads using contextual ad targeting. The UK Performance Marketing World Awards have been recently established to showcase best-in-business examples of performance marketing practices, which have been successful in growing new audiences and markets. We were therefore thrilled to have been shortlisted alongside 60 other impressive companies in this rapidly-growing industry for such a prestigious award.
Read More

Resolute Announces Indefinite Idling of Pulp and Paper Operations at Calhoun, TN Mill

Resolute Forest Products Inc. announced the indefinite idling of pulp and paper operations at its Calhoun (Tennessee) mill. Tissue manufacturing and converting will continue at the site and the adjacent distribution center will remain in full operation. The company anticipates that the decision will directly affect 350 hourly and salaried positions at the Calhoun mill. The facility, which employs a total of 545 people, has an annual capacity of 147,000 metric tons of pulp and 149,000 metric tons of paper as well as 60,000 metric tons of premium tissue. "We have taken the very difficult decision to indefinitely idle pulp and paper operations at Calhoun knowing how hard this is for the affected employees and their families," said Remi G. Lalonde, president and chief executive officer. "Success has proved elusive at Calhoun's pulp and paper operations, despite the best efforts of our dedicated employees and significant investments of time, energy and resources over the last few years." The company continues to accumulate significant financial losses at the mill, even with the current strong market conditions for both the pulp and uncoated freesheet paper it manufactures.
Read More

Nice-Pak, American Forests and Project Learning Tree Join Forces in Reforestation and Youth Education Efforts

Nice-Pak brings broad-based reach to the effort, as the company's products touch consumers worldwide billions of times per year, and will seek to engage suppliers, customers, communities, and consumers with knowledge and the opportunity to participate in this important initiative. As exclusive wet wipe sponsors of Project Learning Tree and partners of American Forests, Nice-Pak and the Nice 'N CLEAN® brand are making an investment in tree planting programs and the development and implementation of youth environmental educational programs that will include: •Supporting reforestation efforts to help address climate change and social inequities faced by people in under-resourced communities: Together with American Forests, Nice-Pak aims to foster the planting of 150,000 trees across the U.S. over three years. This effort will have the potential to capture 92,000 metric tons of carbon over their lifespan. •Supporting youth environmental education using trees and forests as windows on the world: Project Learning Tree will develop and implement a digital curriculum specifically around the connection between healthy forests and human health and make it available to their K-12 school network beginning in Spring 2022, reaching over 25,000 students over the next three years. •Making a global commitment: Through Nice-Pak International colleagues in Europe, Nice-Pak will also make a commitment to the 1t.org campaign, a worldwide movement to conserve, restore and grow one trillion healthy trees worldwide by 2030.
Read More

Canfor Calls on BC Government to Rethink Old Growth Deferral Process

Canfor Corporation is issuing an open letter from Don Kayne, President and CEO, calling for an approach to the management of British Columbia’s old growth forests that is based on the facts of sound science and Indigenous traditional knowledge and a collaborative process that includes broad representation. “We can choose a path that brings First Nations, labour leaders, forestry professionals and communities together to develop a sustainable old growth management plan that protects our forests and ensures sustainable employment for our communities. We are asking the Government of British Columbia to rethink the old growth deferral process,” said Don Kayne, President and CEO, Canfor. “Together, we can build on the 75% of old growth forests that are already protected or outside harvesting areas.”
Read More

Iceland freezes use of unnecessary plastic with launch of paper packaging from Mondi

Mondi has teamed up with the UK’s number 1 frozen food retailer to provide renewable, recyclable packaging in a move that further validates Mondi’s approach of using “paper where possible, plastic when useful”. Iceland is replacing its previous packaging with Mondi’s versatile functional barrier paper across a number of its ranges. The first newly packaged product to hit the shelves earlier this month was the retailer’s frozen chicken dippers, which reduces the amount of plastic used per year by 80%. The functional barrier paper is made from renewable resources with Mondi managing the paper production and coating in-house, providing a fully integrated solution. It is easy for consumers to recycle the paper in existing waste streams and as paper is the most widely recycled material in the world - 74% of paper and 83% of paper-based packaging in Europe are recycled – the solution ensures that the paper can be recycled at the end of its life, contributing to a circular economy.
Read More

International Paper to Build State-of-the-Art Corrugated Packaging Plant in Atglen, Pennsylvania to Meet Growing Customer Demand in the Region

International Paper announced it will build a state-of-the-art corrugated packaging plant in Atglen, Pennsylvania. The facility will employ approximately 150 team members. "We are excited to expand our footprint and continue serving our customers with the highest level of safety, quality, operational excellence and customer service," said Greg Wanta, senior vice president, North American Container. The facility will allow International Paper to expand its Industrial Packaging footprint in the northeastern United States. Construction is set to begin in the first quarter of 2022 and the company expects the plant to be fully operational in the first quarter of 2023.
Read More

RRD Aligns Communications Solution for Nonprofit Sector, Maximizing Donor Acquisition and Lifetime Value

R.R. Donnelley & Sons Company announced the launch of an omnichannel offering designed to meet the nonprofit industry’s need for elevated communications agility that maximizes the value of each touchpoint along the donor-member journey. To support this audience-driven expectation, RRD has mobilized to offer a specialized set of solutions designed to perform as an extension of marketing and business support teams. Initiated by a strategic discovery process, the formation of this solution includes an alignment of the following services: *Creative and content development fueled by Alchemy by RRD℠, a one-stop global creative studio *Full-service digital marketing support led by RRD’s platform-agnostic expertise and long-standing email service provider partnerships *Commercial print and direct mail resources to effectively test and execute highly targeted, event-triggered campaigns
Read More

RRD Terminates Merger Agreement with Atlas

R.R. Donnelley & Sons Company announced that it has entered into a definitive merger agreement to be acquired by affiliates of Chatham Asset Management, LLC, a leading private investment firm, in an all-cash transaction with a total enterprise value of approximately $2.3 billion and total equity value of approximately $897 million. RRD also announced that it has terminated its previously announced merger agreement with affiliates of Atlas Holdings LLC, dated November 3, 2021, pursuant to which affiliates of Atlas had agreed to acquire RRD for $10.35 per share in cash. The termination of the Amended Atlas Merger Agreement follows the decision by Atlas to waive its contractual opportunity through December 16, 2021 to negotiate an amendment of the Amended Atlas Merger Agreement such that the transaction contemplated by the Chatham Merger Agreement would no longer constitute a “Superior Proposal” as defined in the Amended Atlas Merger Agreement.
Read More

Vivendi to Pursue Total Ownership of Lagardère (publishersweekly.com)

French conglomerate Vivendi confirmed it is pushing ahead with its deal to purchase the 17.9% stake in Lagardère held by investor Amber Capital for about $720.6 million. Vivendi, which also owns book publisher Editis, already holds a 26.7% stake in Lagardère and the resulting transaction will give Vivendi 45.1% of its rival's shares. Under French regulations, once a company's stake in another company exceeds the 30% level, it must make a tender offer for all remaining shares and Vivendi confirmed it will be making an offer to buy remaining shares at a price of €24.10 per share.
Read More

Transitioning From Boxes to Mailers With Pregis EverTec™

To keep up with increasing e-commerce demand during peak season, shippers are looking to switch from boxes to mailers to save on costs. *Shippers and 3PLs are searching for new ways to cut costs and reduce their environmental impact. *Record high e-commerce demand puts even more strain on these efforts, emphasizing efficiency in a challenging supply environment. *Mailers, including the Pregis sustainable, curbside recyclable EverTec mailer, can replace unnecessary boxes for shippers, saving on costs and creating better processes in shipping and fulfillment. *Picking the right kinds of products to shift from traditional boxes to mailers is the first step to rightsizing a product line for maximum efficiency. Part of the joy of shopping online is the experience of coming home to boxes and packages on your front porch or in the lobby of your apartment building. More and more, these packages arrive to consumers in the form of mailers instead of bulky boxes. For certain items, switching from boxes to mailers not only saves money — it also supports sustainability.
Read More

The Paperworkers’ Union issues a strike announcement for several UPM businesses in Finland

The Finnish Paperworkers’ Union has issued a strike announcement to UPM, declaring a strike to all work under the expiring paper industry collective agreement at UPM. The strike would start at the mills on Saturday 1 January 2022 at 6.00 EET except at the Lappeenranta biorefinery, where the strike would start on 1 January 2022 at 7.00 EET. The strike would end on 22 January 2022, at 6:00 EET, unless an agreement for a new collective agreement is reached before then. Should the strike materialise, UPM strives to meet customer demand through deliveries from its mills outside Finland to the extent possible. UPM will not disclose the financial impact of the possible strike at this point.
Read More

PRH Fires Back at the DoJ’s Effort to Stop Its S&S Purchase (publishersweekly.com)

Penguin Random House’s attorneys responded today to the Department of Justice’s efforts to block its acquisition of Simon & Schuster, attacking the government’s main complaint, that the purchase would “likely result in substantial harm to authors of anticipated top-selling books and ultimately, consumers.” In filing its suit to block the deal November 2, the DOJ said that a combined PRH-S&S, along with HarperCollins, “would collectively control more than two-thirds of this market, leaving hundreds of authors with fewer alternatives and less leverage.” PRH attacks this charge on several levels and begins by calling the theory of a “top-selling” category “fiction,” noting that the government doesn’t even identify what size of an advance it is referring to. “The publishing industry does not divide the market for book rights into distinct categories based on the author’s compensation for the book,” PRH’s lawyers said.” “The royalty advance for a proposed book is driven mainly by the reader demand a particular editor anticipates for that particular book.”
Read More

Sonoco ThermoSafe and Asiana Cargo Sign Global Master Lease Agreement

Sonoco ThermoSafe and Asiana Airlines Inc., a South Korean airline headquartered in Seoul, are pleased to announce a global partnership agreement for leasing the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from Asiana Airlines. Sonoco ThermoSafe’s Pegasus ULD® is the world’s first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD® contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.
Read More

Metsä Group donates a total of EUR 500,000 to the universities of Helsinki and Oulu

Metsä Group has donated EUR 250,000 each to the University of Helsinki and the University of Oulu. These donations will be allocated to science, agriculture and forestry at the University of Helsinki and to technology at the University of Oulu. Metsä Group wants to invest in developing teaching and research in these fields. “Metsä Group produces recyclable products from northern wood for the daily needs of people around the world. Sustainability, competitive production and the top expertise of our employees lie at the core of our operations. We want to develop forestry and the forest industry, and that requires top quality higher education and research,” says Ilkka Hämälä, President and CEO of Metsä Group.
Read More

Paper Excellence donates $50,000 to the Pacific Salmon Foundation

Paper Excellence announced the donation of $50,000 to the Pacific Salmon Foundation to support regeneration and recovery of wild Pacific salmon. These funds will support the Pacific Salmon Foundation’s Community Salmon Program which supports volunteer and community–driven organizations that undertake salmon conservation and restoration projects. “With half of Pacific salmon populations in a serious state of decline, we welcome the generous donation from Paper Excellence, which will advance vital community-based salmon enhancement and conservation activities,” said Michael Meneer, President & CEO, Pacific Salmon Foundation. “The Community Salmon Program supports more than 300 volunteer-led programs in B.C. with dedicated individuals committed to improving salmon habitat and survival.”
Read More

Changes in Ahlstrom-Munksjö’s Executive Management Team

Mark Ushpol has been appointed Executive Vice President of the Food Packaging & Technical Solutions business area and a member of the Group Executive Management team as of January 1, 2022. Mark has more than twenty years of experience in the paper and packaging industry and was most recently managing director for DS Smith North America Packaging. Prior to this, he held several management positions at companies such as Mondi and Domtar in the US., Europe and South Africa, as well as served as association representative in several industry organizations. “I am truly inspired by the work Ahlstrom-Munksjö does in the area of specialty papers and packaging, and I am very much looking forward to working with this talented team to bring sustainable fiber-based solutions to the world,” commented Mark Ushpol. Robyn Buss, currently Executive Vice President of the Food Packaging & Technical Solutions business area and member of the Group Executive Management Team, has announced her retirement effective at the end of 2021. Robyn Buss has spent more than 30 years in the specialty paper industry and has served several Wisconsin-based paper plants during her career. Robyn Buss joined Ahlstrom-Munksjö with the acquisition of Expera Specialty Solutions at the end of 2018.
Read More

Les Crudettes, Mondi and IMA scoop French awards for new paper packaging

Mondi; IMA Ilapak and Les Crudettes have won three prizes at the prestigious French packaging award and the Trophées de l’innovation LSA for a new paper packaging. Mondi developed a recyclable functional barrier paper, which is converted on VFFS machines of IMA Ilapak for a selection of Les Crudettes’ pre-washed, ready to eat salads. Their solution won the environment and production categories at the prestigious French packaging awards as well as the Trophées de l’innovation LSA.
Read More

Polystyrene box replaced – benefiting both customers and the climate

For fish wholesalers Bröderna Hanssons, the sea is their livelihood. People have been enjoying their fish and shellfish since the company began in 1880. To ensure that also future generations can enjoy their seafood, Bröderna Hanssons focus not only on the fish, but also sustainability. One step in taking better care of the sea was to replace the polystyrene box with a fiber-based fish box made of corrugated board. Bröderna Hanssons are leaders in the fishing industry, and are passionate about producing, refining and selling fresh fish and shellfish products to their customers. The majority of the company’s sales go to grocery companies such as ICA, Coop and Axfood, but customers also include restaurants, schools and large-scale kitchens. Bröderna Hanssons care about the climate, and are constantly looking for more eco-friendly means of production and distribution. “We want to take responsibility for fish and shellfish production, in order to preserve the ecosystem and make sure that future generations can enjoy the fruits of the sea too. And we welcome our customers and partners to join us in this endeavour!” says Daniel Thunberg, Head of Marketing at Bröderna Hanssons.
Read More

RRD Board Unanimously Determines that Chatham’s Unsolicited Proposal to Acquire RRD for $10.85 Per Share in Cash Constitutes a “Superior Proposal”

R.R. Donnelley & Sons Company announced today that its Board of Directors unanimously determined that an unsolicited proposal from Chatham Asset Management, LLC to acquire all of the common stock of the Company not already owned by Chatham and its affiliates for $10.85 per share in cash constitutes a “Superior Proposal” as defined in the Company’s previously announced definitive merger agreement with affiliates of Atlas Holdings LLC, dated as of November 3, 2021, subject to the condition that Chatham agree to extend the Revised Chatham Proposal until 9:05 a.m. CST on Friday, December 17, 2021. If Chatham refuses to agree to the Timing Condition, the Board will deem the Revised Chatham Proposal as withdrawn and incapable of being accepted by the Company. Under the terms of the Amended Agreement, affiliates of Atlas have agreed to acquire the Company for $10.35 per share in cash. “Today’s announcement is a testament to the robust process we have in place to maximize value for all stockholders,” said John C. Pope, Chairman of the Board. “Our Board and management team remain committed to acting in the best interests of RRD and all its stockholders, and will continue to take actions to achieve this objective.”
Read More

UPM Plywood aims to earnings growth by investing in the competitiveness of its Joensuu plywood mill

UPM is investing EUR 10 million in the development of UPM Plywood's plywood mill in Joensuu. The investment includes new production lines, new workspaces and 720 square meters of completely new production space. UPM's investment strengthens the mill's competitiveness by improving the mill's security of supply and ensuring the high quality of demanding products. UPM Joensuu manufactures plywood and plywood components for demanding industrial applications, such as the floors of heavy-duty trailers and the insulation elements of LNG tankers carrying liquefied natural gas. In industrial applications, the consistent and high quality of the products as well as the reliability and punctuality of deliveries are emphasized. Defective or untimely components cause difficulties in the production of customer companies.
Read More

Stora Enso appoints Johanna Hagelberg as Head of Biomaterials division

Stora Enso has appointed Johanna Hagelberg Executive Vice President, Biomaterials division. She will continue as a member of the Group Leadership Team (GLT). Johanna Hagelberg joined Stora Enso in 2013 and has been a member of the GLT since 2014 as Head of Sourcing and Logistics. Prior to joining Stora Enso, she held leadership positions at companies including General Motors, NCC and Vattenfall. Johanna holds two M.Sc. degrees in: Management of Manufacturing Systems and Industrial Engineering and Management. The search for a new Head of Sourcing and Logistics has been initiated. In the interim period, Tuomas Mustonen, currently SVP Performance, Controlling and Strategy for Sourcing and Logistics, will assume the acting role in this position. “Biomaterials is a core strategic business for Stora Enso. As we now move into an innovation-driven era for biomaterials, I am delighted to appoint Johanna as head of the division. Her proven leadership skills and experience from various industries, including the automotive industry, will enable us to take this business to the next level. Johanna has the background and ability to accelerate commercialisation of new bio-based products, such as Lignode, lignin-based battery carbon for mobile electrification,” says Stora Enso’s President and CEO Annica Bresky.
Read More

With Busiest Mailing and Shipping Week Fast Approaching, U.S. Postal Service Reports Stable Service Performance for First-Class Mail, Marketing Mail and Periodicals

The network continues to operate smoothly with the busiest mailing and shipping week fast approaching. Between Nov. 25 and Dec. 8, the Postal Service accepted 4.9 billion mail and packages for delivery. Overall, heading into the busiest mailing and shipping week, average days to deliver a mailpiece was 2.7 days. First quarter-to-date service performance scores covering the period Oct. 1 through Dec. 3 included: *First-Class Mail: 90.1 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 2.4 percentage points from the fourth quarter. *Marketing Mail: 92.2 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fourth quarter. *Periodicals: 82.6 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fourth quarter.
Read More

Koehler Paper Celebrates Anniversary as Production Line 2 Hits a Milestone

Koehler Paper now has the opportunity to celebrate an unusual birthday at the end of this year. Production line 2, consisting of paper machine 2 and coating machine 2, was put into operation at the Kehl site at the end of 2001. Paper machine 2 is used exclusively for the production of thermal paper. With a length of 123 meters, the machine is longer than a soccer field. It is also the fastest thermal paper machine in the world, and is known for coupling its speed with astoundingly consistent quality. This all makes it possible to use it to produce more than 1 million checkout rolls a day, with these slips being found everywhere across the world. Paper machine 2 is the reason why Koehler Paper is so successful in the thermal paper market, as it enabled the company to produce lightweight thermal paper with grammages of less than 50 gsm. “Koehler pioneered lightweight thermal paper for POS with grammages of 48 gsm and less – that transformed the market. Truth is, the machine was predestined to make lightweight thermal paper to this very day,” says Willy Früh, Director Thermal Paper Division at Koehler Paper. “When we talk about thermal paper production, you could say we’ve been playing in the Champions League for 20 years now.
Read More

RRD Board Accepts Revised Proposal from Atlas at $10.35 Per Share in Cash

R.R. Donnelley & Sons Company announced that it has accepted a proposal from affiliates of Atlas Holdings LLC to increase the price per share of their pending acquisition of RRD to $10.35 per share in cash, and has entered into an amendment to its previously announced definitive merger agreement with affiliates of Atlas, dated as of November 3, 2021. Under the terms of the Amended Agreement, RRD stockholders will receive $10.35 in cash for each share of common stock of the Company that they own, representing a premium of 21.5% over $8.52, the price per share of RRD common stock under the Original Agreement. The revised all-cash transaction is valued at a total enterprise value of approximately $2.2 billion and total equity value of approximately $856 million.
Read More

Costco Wholesale Corporation Reports First Quarter Fiscal Year 2022 Operating Results

Costco Wholesale Corporation announced its operating results for the first quarter (twelve weeks) of fiscal 2022, ended November 21, 2021. Net sales for the first quarter increased 16.7 percent, to $49.42 billion from $42.35 billion last year. Net income for the quarter was $1,324 million, $2.98 per diluted share, compared to $1,166 million, $2.62 per diluted share, last year. This year included a tax benefit of $91 million, $0.21 per diluted share, related to stock-based compensation, and a write-off of certain information technology assets of $118 million pre-tax, $0.20 per diluted share. Last year included tax benefits of $145 million, $0.33 per diluted share, and incremental expenses for COVID-19 premium wages of $212 million pre-tax, $0.35 per diluted share.
Read More

Michael M. Kubayanda Resumes Role as PRC Chairman

The Postal Regulatory Commission announced today that Michael M. Kubayanda has returned to the agency as chairman. After being re-nominated by President Joseph R. Biden and unanimously confirmed by the U.S. Senate, Chairman Kubayanda was sworn back into office today, December 9, 2021, to serve a term through November 22, 2026. “I am humbled and honored to have the opportunity to continue to work alongside my fellow commissioners and the talented staff of the Commission. The Commission’s work is fundamental at a time of great challenge and opportunity for the Nation’s mail system,” said Chairman Kubayanda. “I would especially like to thank Vice Chairwoman Poling for her exceptional leadership in handling the Commission’s administrative responsibilities during my temporary absence.”
Read More

Berry Named One of America’s Most Responsible Companies

Berry Global Group, Inc. is honored to be named number 35 out of 2,000 public companies on America’s Most Responsible Companies presented by Newsweek and global research firm Statista, Inc. Berry secured the number four spot on the list within its respective industry. The list includes the top 500 most responsible companies in the United States across fourteen industry subcategories. Companies were evaluated on their publicly available performance data for the three areas of ESG (environmental, social, and corporate governance). Within this focus on environmental sustainability leadership, Berry has recently announced the following: *Our goal to achieve 30% circular plastics use by 2030, surpassing our previous goal to use 10% post-consumer recycled (PCR) resin by 2025 *Agreements to secure over 600 million pounds of recycled material, including advanced recycled material from top suppliers (PureCycle, LyondellBasell, Borealis, and Repsol) *Secured ISCC PLUS certification for 39 sites globally *Led through participation in industry organizations like the Alliance to End Plastic Waste and The Recycling Partnership’s Polypropylene Recycling Coalition and the Film & Flexibles Coalition
Read More

Transcontinental Inc. announces its results for the fourth quarter and fiscal year 2021

Highlights: *Increase in revenues and solid profitability in the Packaging and Printing Sectors for the quarter. *Revenues of $775.8 million for the quarter ended October 31, 2021; operating earnings of $80.5 million; and net earnings attributable to shareholders of the Corporation of $39.2 million ($0.45 per share). *Made significant investments in research and development laboratories with state-of-the-art equipment in the state of Wisconsin, to drive growth and innovation and optimize the creation of sustainable solutions for customers. *Acquired H.S. Crocker on November 1, 2021, broadening the packaging solutions portfolio in the food sector as well as expanding pharmaceutical and medical expertise in the advanced coatings product offering. *Retirement of François Olivier on December 9, 2021 and Peter Brues will assume the position of President and Chief Executive Officer on December 10, 2021.
Read More

Tseshaht First Nation signs Memorandum of Understanding with Catalyst Paper

Tseshaht First Nation and Catalyst Paper, a Paper Excellence company, recently signed a Memorandum of Understanding that sets out the intentions of both parties to build a collaborative relationship together. “This document outlines many objectives. None are more important than all of us recognizing and respecting the aboriginal rights of the Tseshaht Nation,” said Walter Tarnowsky, General Manager, Catalyst Port Alberni. “While the signing of this document marks the culmination of a lot of people’s efforts, it truly marks the beginning of a process. We must not look at this process of reconciliation as one of simply understanding and empathizing. It must be a process of genuine change and resolution.” “For Tseshaht it is really important, not just because of the location of the paper mill here, but the history that was once here as a village, as a community, as employment for many of our community members from decades ago until recently. We have members who work here now. It’s a totally interconnected feeling for us, it’s not just about jobs; it’s about sharing history, it’s about sharing culture. It’s about their connection to the Somass River here and how close they are. We’re excited about it,” said Wahmeesh Ken Watts, elected Chief Councillor for Tseshaht First Nation.
Read More

UPM Plywood and Industrial Union sign collective labour agreement

UPM Plywood and the Industrial Union have signed a business specific collective labour agreement for UPM Plywood. The new agreement is valid for three years starting from 1.1.2022. The new agreement enables mills to continue production on all weekdays with terms that are satisfactory to both parties. The production output and the employees’ earnings will grow based on the new agreement. In addition, more people will be recruited to the mills. The agreement makes continuous seven-day shift model possible, and this means less working hours compared to the current discontinuous model, and the new agreement allows a shift model that is more employee-friendly. The agreement enables faster reaction to demand peaks thanks to flexible working hours, and it includes mutually agreed terms for production during holidays. Furthermore, a model for temporary work at other UPM Plywood mills was agreed on improving on-the-job learning and development as well as employees’ earnings.
Read More

UPM’s sawmill business and Industrial Union reach agreement

UPM Timber and the Finnish Industrial Union have signed a business-specific collective agreement concerning UPM's sawmill business. The new agreement is valid for three years starting 1 January 2022. Negotiations started in May and the agreement was reached well before the end of the current contract period. UPM Timber's business management, sawmill directors, employee representatives of each sawmill and representatives of the Industrial Union were involved in the negotiations. In this way, the discussions provided diverse points of view and also made it possible to better take into account the wishes of the personnel as well as the special features of UPM's sawmill business.
Read More

Clearwater Paper Announces Michael Urlick as New Consumer Products Leader

Clearwater Paper Corporation announced a key divisional executive appointment. Michael (Mike) Urlick has been named senior vice president and general manager of the consumer products division, effective January 1, 2022. Mr. Urlick succeeds Joanne Shufelt, who will be retiring from the company in 2022. “For the past eight years, Mike has been an integral part of the consumer products business and has developed a deep understanding of our tissue customers and our operations,” said Arsen Kitch, president and chief executive officer. “I look forward to Mike’s continued, valued contributions as a senior leader at Clearwater Paper.” Mr. Kitch continued, “I would like to thank Joanne for her many contributions during her more than nine years of leadership at Clearwater Paper. She continues to make a significant and positive impact on the business, and we are grateful for her support during this transition.”
Read More

Moore Announces Acquisition of Custom Envelope Manufacturer, Tri-State Envelope (piworld.com)

Moore, a leading constituent experience management (CXM) company, announced the acquisition of Tri-State Envelope, an industry leader specializing in custom envelope manufacturing. With this latest asset purchase, Tri-State Envelope is the fourth envelope manufacturing company Moore has added to its portfolio, along with St. Louis Print Group, Worcester Envelope Company, and its $31 million investment in Richmond Print Group. Based in Ashland, Pennsylvania, with additional manufacturing facilities in Iowa and Maryland, Tri-State Envelope will expand Moore’s supply chain stability through increased capacity, redundancy and location diversification. In its multi-state locations, Tri-State Envelope has the capacity to manufacture 20 million envelopes per day. “Everyone at Tri-State Envelope is very excited about our future as part of Moore,” said Joe O’Donnell, president of Tri-State Envelope. “The envelope manufacturing industry is a critical component in the direct mail business and Tri-State is proud to be on the front lines to provide nonprofits with the materials they need to fundraise for their mission.”
Read More

Adobe Digital Price Index: Online Inflation Hits Record High

Adobe announced the latest online inflation data for the month of November 2021. Online prices hit a record highat a 3.5%year-over-year (YoY) increase while prices are down 2% month-over-month (MoM) due to holiday discounts. This is the highest YoY increase since Adobe first began tracking the digital economy in 2014, and it marks the 18th consecutive month of YoY online inflation. Apparel was a standout category with prices up 17.3% YoY and down just 0.4% MoM, reaching a record high of inflation. One dollar out of every four dollars* is now spent online in the U.S., making the digital economy a significant component of the overall economy. The Adobe Digital Price Index (DPI) provides the most comprehensive view into how much consumers are paying for goods online. The DPI covers more than 100 million products in the U.S. and is modeled after the Consumer Price Index issued by the U.S. Bureau of Labor Statistics.
Read More

AAP October 2021 StatShot Report

Total revenues across all categories for October 2021 were up 23.1% as compared to October 2020, coming in at $1.4 billion. Year to date revenues were up 13.7%, at $13.1 billion for the first ten months of the year. Trade (Consumer Books) sales were up 16.8% in October, coming in at $1.1 billion. Religious press revenues were up 29.4% in October, coming in at $71.3 million. During October of 2021 Education revenues were $284.4 million, up 62.4% compared with October of 2020. Professional Books, including business, medical, law, technical and scientific, were up 5.3% during the month, coming in at $29.5 million.
Read More

FSC Welcomes Newest Certificate Holders

In November 2021, FSC welcomed these new certificate holders tot he FSC community: Color Craft Graphic Arts Inc. is an all-inclusive folding carton company. Vermont Wide Plank Flooring, LLC is a manufacturer and distributor specializing in wide plank flooring for residential and commercial applications. Pennsylvania Cherry, LLC is a wood supplier in Franklin County, Pennsylvania. Cardbox Packaging Inc. is a multinational producer of collapsible boxes for branded goods and luxury items. Traeger Pellet Grills, LLC is a grill and wood pellet provider. Print Pro, INC is a national wide web flexographic printer. Rex Carton Company Incorporated provides custom box packaging, corrugated shipping containers, corrugated packaging solutions and more. Cranny, LLC is an Amazon Climate Pledge Friendly distributor of various paper products including bags, boxes, and stationary. Rochester Colonial Mfg. Corp is a door distributor. Turner Construction Company is a door distributor. Note that this is only for the Turner Construction Olathe, Kansas door warehouse.
Read More

ePac Introduces First Two HP Indigo 25K Presses to ANZ Region

The new ePac digital flexible packaging plant in Melbourne is seeing two HP Indigo 25K digital flexible printing systems go in, with installation by Currie Group. The first ePac production facility in ANZ is eight kilometres from the Melbourne CBD, at the new Newlands Road food manufacturing hub, located in the heart of Coburg’s thriving industrial district. It is being headed up by Jason Brown, formerly group divisional general manager at Ball & Doggett. He said, “Our quick turn-around production time, no setup fees and digitalised process from computer to print allow us to enable small and medium sized brands to achieve higher quality packaging with low minimum orders at optimal prices.” “This strategic collaboration with HP Inc has and will enable us to continue transforming the flexible packaging industry, and ultimately continue to be disruptive in new categories to serve more brands and communities.”
Read More

AmPrima™ PE Plus offers a breakthrough sustainability innovation for complex packaging formats

Amcor Flexibles North America continues to forge an innovative path to its 2025 sustainability goal. This time, the stepstone is the combination of critical machinability performance and barrier characteristics for product protection of shelf-stable liquid foods. Amcor’s AmPrima PE Plus heat resistant recycle ready solutions for pouches delivers significant value in multiple ways. It offers: *Pre-qualification of film by How2Recycle® in the U.S for applications that meet the clean and dry requirement *Sealing and spout insertion without distortion due to heat-resistant outer web *Ability to match current run cycles per minute achieved with a non-recyclable oriented polyester laminate *Product quality and flavor preservation with high-barrier properties comparable to AlOx or metallized films *Excellent durability for distribution, including puncture and scuff resistance *A 22% reduction in carbon footprint for AmPrima PE Plus heat resistant pouches compared to a 3ply foil solution even when the used packaging is landfilled. Once recycled the reduction increases to 49%.*Verified by ASSET™ - Amcor’s proprietary lifecycle assessment tool certified by the Carbon Trust
Read More

CANPAK Group Makes Bold Renewable Electricity Pledge for 2022

CANPACK Group, one of the world’s largest manufacturers of sustainable packaging, is delighted to announce that starting in 2022 all of its plants across the globe will be powered using 100% renewable electricity where available, and where not available the company will purchase Energy Attribute Certificates or comparable certificates. In doing so, we believe that CANPACK becomes the first global can maker to make such a far-reaching commitment. The company recently signed up to the Science-Based Targets Initiative (SBTi), where climate targets are only considered science-based if they’re in line with what’s needed to prevent the world’s climate from rising above 2°C against pre-industrial levels, and ideally for it not to rise more than 1.5°C. As a result, this latest announcement is a further commitment to CANPACK’s Sustainability Targets, which were announced back in January 2021.
Read More

Greif Reports Fourth Quarter and Fiscal 2021 Results

Fourth Quarter Results Include (all results compared to the fourth quarter 2020 unless otherwise noted)(1): *Net income of $104.5 million or $1.74 per diluted Class A share compared to net income of $44.4 million or $0.74 per diluted Class A share. Net income, excluding the impact of adjustments(2), of $115.4 million or $1.93 per diluted Class A share compared to net income, excluding the impact of adjustments, of $46.4 million or $0.78 per diluted Class A share. Adjusted EBITDA(3) increased by $56.8 million to $211.3 million. *Net cash provided by operating activities decreased by $63.1 million to $137.3 million. Adjusted free cash flow(4) decreased by $79.1 million to $94.8 million primarily as a result of inflationary raw material costs. *Total debt decreased by $261.4 million to $2,225.6 million. Net debt(5) decreased by $280.1 million to $2,101.0 million and decreased by $66.8 million sequentially from the third quarter of 2021. The Company's leverage ratio(6) decreased to 2.49x compared to 3.66x, within our targeted leverage ratio range of 2.0x - 2.5x.
Read More

Ahlstrom-Munksjö expands FiltEV® portfolio for electric vehicles, delivering new high performance filtration solutions for fuel cell air intake

Ahlstrom-Munksjö continues to focus on the growth segment of electrification, expanding its latest product offering, totally dedicated to filtration media solutions for electric vehicles. The new solutions for fuel cell electric vehicles complement the products launched earlier in the year for all electric vehicles, including filtration solutions for cabin air, transmission and cooling systems. Ahlstrom-Munksjö understands the market challenges and is developing new commercial solutions to address unmet customer needs for high performance filtration materials for electric vehicles. This now includes a new dedicated filtration solution for fuel cell air intake. “I am very pleased to introduce our new filtration solution for fuel cell air intake,” said Cedric Vallet, Head of Business Development, Industrial Filtration & New Vehicles. “By protecting fuel cells from harmful gases and particulates, we ensure the effective operation of the fuel cell over the entire service lifetime of the vehicle.”
Read More

Resolute Announces Share Repurchase Program

Resolute Forest Products Inc. announced that its board of directors authorized the repurchase of up to $100 million or 10 million of the company's common shares, whichever occurs first. Repurchase transactions will be funded using the company's sources of liquidity. "Today's announcement follows recent completion of the share repurchase program announced in March 2020, under which we repurchased 11.5 million shares for $78.3 million, representing 15% of the outstanding shares," said Remi G. Lalonde, president and chief executive officer. "This new program will allow us to continue to act opportunistically to return capital to shareholders when conditions are right. We remain committed to a balanced approach to capital allocation, using our free cash flow to generate value for shareholders, build a stronger company and drive sustainable economic activity in the communities where we operate."
Read More

The Dynamic Duo Duel Over the Best Brand Execution

Print marketing offers a blend of many offline marketing touchpoints in the customer journey that multiplies marketing performance when incorporated into a comprehensive optichannel strategy. This course will cover: *New technologies and data-powered print marketing techniques *Top design concepts to consider *The importance of brand consistency across channels *Research: The power of offline marketing in optichannel campaigns. During the Track 1 presentations, you'll hear from leading experts including: *Brent Niemuth, President & Partner, J. Schmid *Tim M. Curtis, President and CEO, CohereOne *Ray Van Iterson, USPS *Sabine Lenz, Founder, PaperSpecs *Lisa Cross, Principal Analyst, NAPCO Research *Chuck Schonert, Director of Research and Development, Idealliance. sign up at: https://lndnm.napco.com/20211213_BUU_WBNR_ELITE_6082_LP.html
Read More

South Carolina Department of Education Selects HMH’s Into Reading for K-5 Palmetto Literacy Project Schools

Learning technology company HMH announced that the South Carolina Department of Education (SCDE) has approved HMH Into Reading™ as a curriculum option for the K-5 Palmetto Literacy Project (PLP) Schools. The K–5 Palmetto Literacy Project schools are a group of 265 schools across the state with a special focus on ensuring all students are reading on grade level. PLP schools will have the ability to purchase the recommended literacy programs using Elementary and Secondary School Emergency Relief (ESSER) funds to implement in 2022. The PLP review committee found that Into Reading is grounded in science of reading research and shows strong alignment to the five essential science of reading concepts, including phonemic awareness, phonics, fluency, vocabulary and comprehension. The review also showed that Into Reading’s instructional design aligns with Scarborough’s Reading Rope and has explicit, research-based foundational skills instruction that integrate listening, speaking, reading and writing.
Read More

Tetra Pak retains double ‘A’ score for efforts to fight climate change and support forest stewardship

Tetra Pak has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for the third year running for tackling climate change, as well as acting to protect forests – two of the three environmental themes covered by CDP. With this accolade, Tetra Pak cements its position as the only company in the carton packaging sector to be included in the CDP leadership band for six years in a row. CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 13,000+ companies responded.
Read More

Wynnchurch Capital Acquires Appvion’s Thermal Coating Business (businesswire.com)

Wynnchurch Capital, L.P. announced that it has acquired the thermal coating business assets of Appvion Holding Corp. and its subsidiaries. Founded in 1907 and headquartered in Appleton, Wisconsin, Appvion is a leading provider of specialty and high-performance direct thermal coatings for label and film solutions as well as renewable, fiber-based consumer and industrial packaging solutions. “Since our inception, we have built strong and long-lasting relationships with our customers by offering premium and innovative products, technical expertise and unparalleled service. Wynnchurch shares our values of safety, integrity, honesty and putting the customers first to deliver value. We are excited to partner with them to pursue our next phase of growth,” said George Wurtz, CEO of Appvion.
Read More

Holmen is investing SEK 400 million to increase value added and capacity at Iggesund Sawmill

The investment is a further step in Holmen's strategy to grow the wood products business and contribute to the green transition. This will increase the production at Iggesund Sawmill by 20 per cent as well as adding construction timber on top of its joinery products range. "We grow houses. To develop the wood products business is a natural extension of forestry and an important dimension in Holmen’s strategy of owning and adding value to the forest. Following the acquisition of Martinsons and the expansion of Braviken, the investment in Iggesund Sawmill is the next step in strengthening our position in wood products,” says Henrik Sjölund, Holmen’s President and CEO. The investment will enable the sawmill to switch from lower grade joinery spruce to construction timber in both spruce and pine. This will increase the value added and improve the market mix by increasing the share sold to Scandinavian builders’ merchants.
Read More

Sappi Cloquet dissolving pulp facility completes the Higg FEM assessment

Sappi Limited continues to reach new milestones by completing the Higg Facility Environmental Management (FEM) verification audit at its Cloquet Mill. Based in Northern Minnesota (United States), the mill is one of the first dissolving pulp facilities to complete this external verification process. A final score of greater than 80% was achieved which is an endorsement of sound environmental practices employed by the mill. Supporting the call to accelerate transparency in the textile and apparel sector, a detailed performance report will be made available to all key stakeholders on request. Developed by the SAC, the Higg FEM is part of a suite of tools that enables manufacturing facilities of all sizes to measure and score their environmental performance against a standard set of criteria, allowing for meaningful and credible performance benchmarking in the apparel and textile sector. Across topics such as water use, carbon emissions and labour conditions, consumer goods brands, retailers, manufacturers, governments, NGOs and consumers can use the Higg Index to inform their individual sustainability strategies and drive collective industry transformation.
Read More

A new era in producer responsibility is beginning

The book you ordered online has arrived and now you want to recycle the cardboard box. You take it to local recycling point, but who is actually responsible for organising the recycling facilities and operations? Many people assume that the local municipals are responsible, but in most cases it is actually the company which produced the product. This is called producer responsibility. “It is common to see producer responsibility for tyres, batteries, consumer electronics and packages,” says Teemu Virtanen, Senior Advisor at Pirkanmaa ELY-Centre. “The companies that produce or import the items are responsible for financing and organising waste management. In practice, companies can’t do it alone, so they use producer organisations.” UPM is committed to supporting the UN’s Sustainable Development Goals and has identified the goals and respective targets where it can have the biggest positive impact through its operations, products, and solutions, or where it aims to minimise any negative impact. The company considers producer responsibility to be part of the SDG 12, with Responsible consumption and production, that being one of the six chosen UPM´s focus goals. The practicalities of producer responsibility can vary from country to country, so UPM is active in each local system. For example, in Finland UPM is a customer of the Finnish Packaging Recycling organisation RINKI.
Read More

Metsä Board recognised with an outstanding triple CDP ‘A’ score for its environmental leadership in climate change, water security and forests

Metsä Board, part of Metsä Group, has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change as well as acting to protect water security and forests – all three environmental themes covered by CDP. Metsä Board is one of only 14 companies that achieved a triple ‘A’, out of nearly 12,000 companies that were scored based on data submitted through CDP’s questionnaires in 2021. Metsä Board’s mission is to create packaging solutions that respect nature. The fresh fibre raw materials that come from sustainably managed Northern European forests, resource efficient production and the low carbon footprint of lightweight paperboards provide a solid foundation for responsible operations. “Sustainability is a prerequisite of a profitable business. It is also important for our customers and other stakeholders that the cooperation with Metsä Board is built on a responsible foundation. We have ambitious sustainability targets including 100% fossil free mills and raw materials by the end of 2030. These ‘A List’ positions are a recognition of our systematic work to achieve these goals," says Mika Joukio, CEO of Metsä Board.
Read More

Wiley Reports Second Quarter Fiscal 2022 Results

*Research Publishing & Platforms rose 9% as reported and at constant currency and 4% excluding acquisitions, driven by strong growth in open access, corporate solutions, and research platforms. *Academic & Professional Learning grew 4% as reported and 3% at constant currency, driven by strong recovery in Professional Learning from prior-year COVID lockdown impacts. This more than offset a decline in Education Publishing due to softer US enrollment and some easing of prior-year COVID-related tailwinds in content and courseware. *Education Services increased 17% as reported and 15% at constant currency, driven by 3% growth in University Services (formerly OPM) and strong double-digit growth in Talent Development (formerly mthree). *GAAP EPS was $0.99 as compared to $1.22 in the prior year period, which included a $0.25 discrete tax benefit related to the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT).
Read More

Atlantic Printing & Graphics is Zero Waste Certified

We are extraordinarily proud to announce that Atlantic Printing & Graphics in Tabor City, NC has been officially certified as a Zero Waste facility. This status is verified by Green Business Certification Inc. (GBCI) through their TRUE Zero Waste Certification Program. Atlantic Printing & Graphics achieved this by diverting more than 90% of its waste from the landfill for the most recent 12 months at the time of certification. We are also proud to be the first packaging company to achieve a Zero Waste Certification through the TRUE Program at GBCI. It’s inspiring and incredibly motivating to set this standard and chart the path for ourselves and for the entire packaging supply chain.
Read More

Three New Directors Elected at the GreenFirst AGM

GreenFirst Forest Products Inc. is pleased to announce Barbara Anie, David Chartrand, and W. Sean Willy have been elected to the GreenFirst Board of Directors at its Annual General Meeting (“AGM”) on December 2, 2021. Directors, Hassan Raza Baqar, Richard E Govignon, and Andrew McIntyre did not stand for re-election. Paul Rivett, Rick Doman, William G. Harvey, Michael Mitchell, Marty Proctor, and Larry G. Swets Jrwere re-elected at the meeting. “We are honoured to welcome Barbara Anie, David Chartrand and W. Sean Willy to our Board. At this exciting time for GreenFirst, their significant corporate governance expertise and business acumen will contribute to the strategic growth of the Company.” said Paul Rivett, Chairman. ” We would also like to express my appreciation to Hassan Raza Baqar, Richard E Govignon, and Andrew McIntyre for their valuable advice and counsel to the Company.
Read More

Rayonier Advanced Materials Announces Election Of Vito J. Consiglio As President And CEO

Rayonier Advanced Materials Inc. announced that its Board of Directors elected Vito J. Consiglio to succeed Paul G. Boynton as President and Chief Executive Officer and Board member effective January 1, 2022. Mr. Boynton, who has served as President and CEO since the Company’s spin-off in 2014, announced his decision to retire from the Company, and, as part of the leadership transition, he will assume the role of Vice Chair of the Board until the May 2022 Annual Meeting. “In 2021, the Board of Directors commenced an extensive and well-planned search for a CEO candidate with the expertise and ability to effectively capitalize on the Company’s tremendous growth potential,” said Lisa Palumbo, Chair of the Board’s Nominating and Corporate Governance Committee. “With his broad commercial expertise and operational acumen, Vito has a proven track record of driving strategic growth in the specialty materials sector. Given his strengths in areas of critical importance to RYAM, including strategy deployment, technical sales and innovation, we believe Vito is the ideal CEO to lead RYAM into its next chapter of growth and success.”
Read More

ANDRITZ successfully starts up the first of two tissue machines delivered to Guangxi Sun Paper, China

International technology group ANDRITZ has successfully started up one of the two PrimeLineTM W 2000 tissue machines delivered to Guangxi Sun Paper, China, for its mill in Beihai City, Guangxi Province. The second tissue machine (TM6) is expected to be started up by the end of this year. The tissue machine (TM5) has a design speed of 2,000 m/min, a working width of 5.65 m, and a capacity of 60,000 t/a. To enable energy-efficient production, it is equipped with a large suction press roll, an 18 ft. PrimeDry Steel Yankee with head insulation, and a re-evaporation system. For optimum end-product quality, forming fabrics and press felts by ANDRITZ Fabrics and Rolls were installed.
Read More

Canfor Pulp Products Inc. Announces Production Curtailments in Response to Supply Chain Challenges

Canfor Pulp Products Inc. is announcing temporary NBSK and BCTMP production reductions at Northwood Pulp and Taylor Pulp in response to the significant transportation interruptions being experienced in British Columbia (BC). The Company’s pulp shipments have declined as a result of the recent weather-related transportation disruptions. With pulp mill inventories nearing capacity, the Company’s pulp production will be reduced until such time as the BC transportation network is able to return to more-normal operating conditions. This will result in reduced production achieved through a minimum two-week curtailment of Canfor’s NBSK production at Northwood Pulp and a minimum four-week curtailment of the production of BCTMP at Taylor Pulp. “As a result of the extreme rainfall and flooding that BC has been experiencing in recent weeks, the rail and highway networks have been substantially impacted. Our employees have worked very hard to mitigate the impacts of the supply chain challenges and it has now become critical to reduce production to manage inventory levels and ensure employee safety until the transportation network returns to more normal operations,” said Canfor Pulp’s Chief Executive Officer, Don Kayne.
Read More

Mondi recognised by CDP with outstanding Triple A score for climate, forests and water security

Global packaging and paper leader Mondi has been recognised by CDP with a prestigious Triple A score for the second year in a row. Of the nearly 12,000 organisations rated, Mondi is one of only 14 worldwide to achieve a Triple A score for its sustainability performance on climate, forests and water security. "Our purpose is to contribute to a better world by making packaging and paper sustainable by design. Achieving another ‘Triple A’ score from CDP is a testament to our continued efforts in leading the way on sustainability and reporting transparently on our progress. This rating acknowledges our clear ambitions and best-practice approach to taking action on climate, protecting forests and safeguarding water resources in line with our MAP2030 sustainability framework." Gladys Naylor, Group Head of Sustainable Development at Mondi
Read More

Kellogg’s to trial recyclable paper liners in cereal boxes (twosides.info/uk)

Kellogg’s, in partnership with Tesco, have announced that it will trial paper liners within cereal boxes in a select number of stores from January 2022. According to the company, the plastic inner liner in cereal boxes is not currently widely accepted in kerbside recycling. The new paper liner is reportedly recyclable and will make Kellogg’s entire cereal packaging paper-based, as the cereal’s outer card packaging is already fully recyclable. The new packaging, developed by Kellogg’s packaging technologists, is apparently suitable for the process of filling and sealing bags inside of cereal boxes that takes place at the company’s factory, as well as for transporting the cereal to retailers.
Read More

With Peak Mailing and Shipping Season Underway, U.S. Postal Service Performance Remains Solid Across All Categories

First quarter-to-date service performance scores covering the period Oct. 1 through Nov. 26 included: *First-Class Mail: 91.1 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 2.6 percentage points from the fourth quarter. *Marketing Mail: 92.4 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fourth quarter. *Periodicals: 83.4 percent of Periodicals delivered on time against the USPS service standard, an improvement of .6 percentage points from the fourth quarter. The Postal Service anticipates that between 850 million and 950 million packages will be delivered for the holidays. The total number of letters, cards and packages processed and delivered between Thanksgiving and New Year’s Day is estimated to be more than 12 billion.
Read More

PEFC releases new list of PEFC product categories

The PEFC product categories are a key element in the implementation of the PEFC chain of custody by certified organisations and certification bodies. The revised list of PEFC product categories, as approved by the Chain of Custody Working Group on 15 October 2021, is now available. The PEFC product categories define the PEFC product groups to which the chain of custody is applied and the scope of the chain of custody certificate. When checking the validity of a PEFC claim on a PEFC certified product, companies use the PEFC database to ensure the product is under the scope of their certified supplier. Additionally, the categories serve as a tool for the promotion of certified products, with the list of product categories covered by a certified organisation available on the PEFC International website.
Read More

Worzalla Raises $50,000 for United Way of Portage County

Worzalla, an employee-owned book printer specializing in printing high-quality children’s books, movie tie-in books and cookbooks, raised over $50,000 for the United Way of Portage County’s Live United, Give United campaign. Money raised for the campaign will go to United Way programs that help Portage County families in need. “Worzalla associates are good neighbors and are consistently inspired to support the community. Once again, our associates came together to raise funds for the United Way of Portage County,” said Brett O’Sullivan, Worzalla’s United Way Campaign Coordinator. “With a mission of bringing people and resources together to achieve measurable results that improve people’s lives and strengthen our community, the United Way continues to support the new and ongoing challenges the less fortunate face.” To inspire associates to support the campaign, Worzalla ran a giveaway for various prizes like paid time-off, premier parking spots, gift cards, fun prizes, and entry into the Portage County Sweepstakes. Among the nearly 20 winners were Joe Omernik, Diane Landowski and the grand prize winner was Brian Deuel.
Read More

Kernow North America Expands with New Channel Sales Manager – Wide Format

We’re delighted to welcome Shawn Crandall to the KNA Team! Shawn brings to Kernow a wealth of knowledge with 30+ years’ experience in the Wide Format industry. Shawn has owned a wide format supply company, sold large format printing devices for Canon, and has been a corporate specification manager at Avery Dennison Graphics Solutions. He was also Applications Engineer, Product Manager and a Sales Manager for HP Large Format. He has also been a graphics production manager and owned a signage and graphics company in San Jose, California. We’re confident that the addition of Shawn will help to meet our customers goals in Wide Format products applications and complete value-added solutions.
Read More

Does printing make you more productive? 79 per cent of office study survey respondents say yes

A new survey commissioned by Stora Enso on post-pandemic work and printing habits polled 3,400 workplace consumers across Sweden, UK, France, Netherlands, and Germany, on how they feel about printing and what they want from their office paper. The survey delivered some surprising insights, and some not so surprising. During 2020 and early 2021, the pandemic-driven shift to stay-at-home work naturally brought a dip in demand for office paper, with people on average printing 32 per cent more at the office than at home. Now with the economic recovery – 35 per cent of respondents having already returned to their office and a further 51 per cent expecting to return soon – the good news for the industry is that back to the office will also mean back to print. Stora Enso’s Jonathan Bakewell, VP, Head of Segment Office and Book Papers, says: “This increase in printer paper demand, marked by a return to the office, has been hoped for, but these results reaffirm it.”
Read More

Ulta Beauty Announces Record Third Quarter Fiscal 2021 Results

For the Third Quarter of Fiscal 2021: *Net sales increased 28.6% to $2.0 billion compared to $1.6 billion in the third quarter of fiscal 2020 due to the favorable impact from stronger consumer confidence and fewer COVID-19 restrictions compared to the third quarter of fiscal 2020. *Comparable sales (sales for stores open at least 14 months, including stores temporarily closed due to COVID-19, and e-commerce sales) increased 25.8%. *Gross profit increased to $789.5 million compared to $545.5 million in the third quarter of fiscal 2020. *Operating income increased to $284.2 million, or 14.2% of net sales, compared to $101.3 million, or 6.5% of net sales, in the third quarter of fiscal 2020.
Read More

Tilly’s, Inc. Announces Third Consecutive Quarter of Record Quarterly Net Sales

*Total net sales were $206.1 million, an increase of $65.8 million or 46.9%, compared to $140.3 million last year. -Net sales from physical stores were $165.3 million, an increase of $60.7 million or 58.1%, compared to $104.6 million last year. -Net sales from e-commerce were $40.8 million, an increase of $5.1 million or 14.3%, compared to $35.7 million last year. E-commerce net sales represented 19.8% of total net sales compared to 25.5% of total net sales last year. -Total comparable net sales for the third quarter of fiscal 2021 compared to the pre-pandemic third quarter of fiscal 2019 increased by 27.4%. *Gross profit was $76.7 million, or 37.2% of net sales, a record in the Company's history as a public company, compared to $40.7 million, or 29.0% of net sales, last year. *Operating income improved to $29.0 million, or 14.1% of net sales, compared to $3.5 million, or 2.5% of net sales, primarily due to the significant increase in net sales. *Net income improved to $20.8 million, or $0.66 per diluted share, which are third quarter records for the Company as a public company, compared to $2.1 million, or $0.07 per diluted share, last year.
Read More

Strategic roadmap launched to promote sustainable supply chains for the fashion industry in Singapore

A three-year strategic roadmap to promote fashion supply chain sustainability and responsible procurement was launched in Singapore on 30 November between the Textile and Fashion Federation (TaFF) and PEFC International. This partnership will drive greater awareness among TaFF members, partners, and stakeholders of the importance of legal and sustainable sourcing of materials, like fibre from the forests but also its packaging and natural rubber used in the sector. Fashion supply chain sustainability and responsible procurement are critical to make sure that we all benefit from the many products that forests provide now while ensuring these forests will be around for generations to come.
Read More

Sonoco-Alcore to Increase Tube & Core Prices in the EMEA Region

Sonoco-Alcore announced that due to continued inflationary pressure on the business, it will raise prices by 10 percent on all tube and core grades sold in the Company’s EMEA regions. The increase will be effective for all shipments made on or after the 13th December 2021. “We continue to experience further cost increases in all sectors of our operations and supply chain. Even with a strong focus on implementing productivity initiatives, they are not enough to offset inflationary pressures from energy, packaging, transportation, adhesives and raw materials. As such, we are forced to pass on cost increases to the market,” said Karsten Kemmerling, Division VP - Sales & Marketing EMEA.
Read More

Duraco Specialty Tapes Acquires 3 Sigma

OpenGate Capital portfolio company, Duraco Specialty Tapes (“Duraco” or “Company”), a leading manufacturer of pressure-sensitive tapes and specialty materials, announced today that it has acquired 3 Sigma, a custom solution provider of pressure-sensitive products and specialty coatings from Brixey & Meyer Capital. Terms of the transaction were not disclosed. 3 Sigma has an established track record of providing unique, high-quality custom solutions to customers in high-growth health and beauty, flexible packaging, food and beverage, and medical end markets. The add-on acquisition of 3 Sigma significantly broadens Duraco’s technical toolbox and manufacturing capabilities to better serve customers with a more expansive and diverse set of custom formulated products and high value manufactured solutions.
Read More

Mossberg & Company Adds Eight-Color Sheetfed Offset Perfecting Press (piworld.com)

Mossberg & Company Inc., a fixture in the region’s printing industry since 1930, has bolstered its capabilities with the recent installation of a Heidelberg XL-106 8-color press. The 41-inch perfecting press, which increases the number of impressions per hour by 3,000, replaces two of Mossberg’s presses while increasing productivity and reducing overall setup time. It also frees up space in Mossberg’s manufacturing facility, allowing for future technological advances. Mossberg has served the printing, distribution and marketing needs of customers from an array of industries, including health care, consumer products, higher education, retail, tourism and craft beverages. The company employs approximately 110 professionals and has sales representation in South Bend, Indianapolis and Michigan.
Read More

ND Paper’s Sister Company, ND Packaging, Officially Opens For Business

ND Packaging has officially opened its 350,000 Sq. Ft. corrugated packaging plant in southeastern Wisconsin. At full operation, this new facility will add more than 80 full-time job to the region. Today marks the beginning of a new a new and experience-backed venture into the growing packaging industry. The company is excited to bring jobs to the community and add growth to import Wisconsin business sector. Furthermore, ND Packaging is thrilled to start producing high-quality corrugated sheets and containers and provide exceptional solutions for customers in the Chicagoland and greater Wisconsin marketplace. “While it has certainly been an endeavor, essentially starting from scratch has its distinct advantages,” said Ken Liu, CEO of ND Packaging and its affiliate ND Paper who, along with and a dedicated team of hard working and talented professionals, including Jon Hospodar, the new General Manager of the Sturtevant facility, has spearheaded this initiative. “We acquired the space and have been filling it with the right equipment and the right people to provide a value-added solution for our customers,” Mr. Liu continued.
Read More

Luxury potatoes packaged responsibly

A plastic-reducing alternative to potato packaging has been introduced by Finnish Tuorekartano Oy when it recently launched its special potatoes in paperboard packaging. Tuorekartano Oy's premium quality La Ratte potatoes will now be packed in easily recyclable and biodegradable packaging made of a lightweight and durable paperboard produced by Metsä Board, part of Metsä Group. The paperboard is ideally suited to protect the potatoes from damage and sunlight. The small package size will also help to reduce food waste. "Tuorekartano is a company committed to Agenda 2030 and Commitment 2050 and has set itself clear sustainability targets. Plastic-free packaging, such as La Ratte cartons, is part of these goals. We have already reduced the amount of plastic in our packaging materials by 25%," says Kari Kastari, CEO of Tuorekartano Oy. The packaging is made of lightweight MetsäBoard Prime FBB EB paperboard, which is made from pure fresh fibres and is suitable for direct contact with food. The dispersion coating of the board improves the moisture and grease resistance of the board, and the packaging can be easily recycled and is also suitable for home composting.
Read More

RRD Board Unanimously Determines that Chatham’s Unsolicited Proposal to Acquire RRD for $10.25 Per Share in Cash Constitutes a “Superior Proposal”

R.R. Donnelley & Sons Company announced that its Board of Directors unanimously determined that an unsolicited proposal from Chatham Asset Management, LLC to acquire all of the common stock of the Company not already owned by Chatham and its affiliates for $10.25 per share in cash (the “Chatham Proposal”) constitutes a “Superior Proposal” as defined in the Company’s previously announced definitive merger agreement with affiliates of Atlas Holdings LLC, dated as of November 3, 2021. Under the terms of the Atlas Merger Agreement, affiliates of Atlas have agreed to acquire the Company for $8.52 per share in cash. RRD has notified Atlas of the Board’s determination that the Chatham Proposal constitutes a Superior Proposal and that RRD intends to terminate the Atlas Merger Agreement for the purpose of entering into a definitive merger agreement with affiliates of Chatham.
Read More

Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging

Blackstone announced that funds managed by its Blackstone Tactical Opportunities business have acquired Sustana Group, a leading manufacturer of premium, sustainable recycled fiber, paper and packaging products, from an affiliate of H.I.G. Capital (“H.I.G.”). Headquartered in De Pere, Wisconsin, Sustana uses post-consumer materials and the high standards for environmental sustainability to produce a comprehensive suite of recycled fiber, paper and packaging solutions for customers throughout North America. It services a diversified customer base through four facilities, all of which have leading energy efficiency, water conservation systems, wastewater treatment technology and recycling of process by-products.
Read More

Costco Wholesale Corporation Reports November Sales Results

Costco Wholesale Corporation reported net sales of $18.13 billion for the retail month of November, the four weeks ended November 28, 2021, an increase of 15.7 percent from $15.67 billion last year. For the twelve-week first quarter ended November 21, 2021, the Company reported net sales of $49.42 billion, an increase of 16.7 percent from $42.35 billion last year. For the thirteen weeks ended November 28, 2021, the Company reported net sales of $54.10 billion, an increase of 16.8 percent from $46.33 billion last year.
Read More

IAC’s Dotdash Announces Close of Meredith Transaction

IAC company Dotdash announced the completion of its acquisition of Meredith Holdings Corp., owner of world-class brands such as PEOPLE, Better Homes & Gardens, FOOD & WINE, Allrecipes, Southern Living, InStyle and REAL SIMPLE, in an all cash transaction at a purchase price of $42.18 per share. The new Dotdash Meredith combines celebrated and iconic brands with digital DNA to create America’s largest digital and print publisher—a top 10 internet property[1] able to deliver intent-driven content and experiences at scale. The company, headquartered in New York City and led by CEO Neil Vogel, will be its own reporting segment within IAC. “Today marks the start of a big new opportunity at IAC—conceived by the ambitious minds of Neil Vogel and the Dotdash team and made possible in collaboration with our talented new colleagues from Meredith—to define a new future in publishing,” said Joey Levin, CEO of IAC. “Dotdash Meredith has a bright future ahead.”
Read More

SFI and NCASI Partner to Address The Climate Challenge With Carbon and Water Tools

The Sustainable Forestry Initiative (SFI) and the National Council for Air and Stream Improvement, Inc. (NCASI) announced the launch of the SFI-NCASI Carbon and Water Tools today. These science-based tools will help increase understanding of how SFI-certified forests can be used as nature-based solutions to help mitigate climate change and ensure water conservation. These new measurement tools help quantify the contributions of the 370 million acres/150 million hectares of forestland certified to the SFI Forest Management Standard in addressing climate change and meeting the water needs of both society and ecological systems. “We know the carbon in SFI-certified forests make them essential to reducing the impacts of climate change. However, quantifying the carbon values associated with SFI-certified forests can be challenging. These new tools will inform scientists in ways that will advance the already significant impact of forests toward mitigating climate change and providing for our water needs,” said Paul Trianosky, SFI’s Chief Conservation Officer.
Read More

Amcor unveils state-of-the-art healthcare packaging facility in Singapore

Amcor announced the opening of its greenfield packaging facility in Tuas, Singapore. The dedicated healthcare packaging facility will address a current and future market need, as demand for healthcare packaging is rapidly increasing across the region. Amcor’s new Tuas facility comprises cleanroom manufacturing environments, capability in three-, seven- and nine-layer co-extrusion blown film, and state-of-the-art flexographic printing. It is also fully certified to ISO 13485, ensuring the ability to fully satisfy industry regulatory requirements.
Read More

Single-use packaging is a sustainable choice for society, the science says so

Studies show that single use paper-based packaging has lower carbon and freshwater impacts than reusable systems because of the energy and water needed to wash and dry foodservice tableware. “We should stop the guessing game when we look at environmentally viable solutions, and we should trust the science and work together to make our economies circular,” says Eric Le Lay, President Fiber Foodservice Europe-Asia-Oceania at Huhtamaki, and President of the European Paper Packaging Alliance (EPPA). Commissioned by the EPPA, the Life Cycle Assessment (LCA) found that contrary to widely held perceptions, reusable tableware has a significantly higher environmental impact than paper-based single-use systems in areas which crucially impact climate change.
Read More

Smurfit Kappa invests in sustainable new water treatment facility in Colombia

Smurfit Kappa has completed a two-phase upgrade of its facilities at the Barranquilla Paper Mill in Colombia. The 7.5 million USD investment saw the implementation of a Wastewater Treatment Plant (WWTP) with state-of-the-art anaerobic technology, which reduces water intake from the nearby Magdalena River and improves the quality of water returned to it. The investment is a further example of Smurfit Kappa’s ongoing commitment to good water stewardship through using water sustainably and supporting natural water ecosystems. The upgraded facilities allow the Barranquilla site, which produces containerboard from 100% recycled materials, to contribute towards Smurfit Kappa’s ambitious sustainability targets that were expanded in January 2021.
Read More
Back To Top
×Close search
Search