Avery Dennison Announces Fourth Quarter and Full Year 2024 Results

A bi-partisan group of the House of Representatives on September 18 asked the International Trade Commission (ITC) to deny a petition filed by the North Pacific Paper Company (Norpac) that requests antidumping and/or countervailing duties of over 50 percent on newsprint imported from Canada. The bipartisan letter, led by Representatives Chuck Fleischmann (R-Chattanooga, TN) and Jamie Raskin (D-Rockville, MD), argued that a well-documented shift from printed newspapers to digital alternatives has caused a dramatic decline in newsprint consumption. And, that this trade dispute, brought on my one mill with 400 employees, could put at risk 175,000 jobs in the newspaper industry. Other representatives that signed the letter include House Republican Conference chair, Cathy McMoriss Rodgers (R-WA) and representatives Mike Rogers (R-AL), Diane Black (R-TN) and Ralph Norman (R-SC). Last week the Alliance Board of Directors sent its own letter to the ITC opposing the petition. The petition is also opposed by a broad coalition of U.S. and Canadian paper manufacturers, who understand that sharp price increases on customers could accelerate the decline in newsprint demand. The ITC is expected to make a preliminary determination on petition on September 22. If the Commission decides to move forward, the ITC and the Department of Commerce will conduct investigations and hearings that could lead to a final determination in late spring 2018.

Fedrigoni has set the goal for 2030 to have 100% of its special paper families with a verified level of recyclability according to the Aticelca 501/19 method, one of the most rigorous and in line with current regulations. If the paper product falls into one of the four recyclability classes (A+, A, B, C), it means that it can be collected in paper and recycled in paper mills, and the company is authorized to use the “Recyclable with paper – Aticelca® 501” mark for commercial purposes. More intense colors can generate a drop in recylability class (for example, bringing the classification from an A+ level to an A level if going from a light color to a more intense one), limit the use of paper, or require a greater use of colors or coatings to cover intensely colored fibers. In addition, the recycling of differently colored and deep papers leads to the creation of gray recycled papers, with optical inhomogeneity; these papers can only be used for limited applications (for example, inside a box). At Fedrigoni, we recover our colored paper waste through a color flow (from white to black) to maximize its optical homogeneity.

Canfor Corporation is announcing reduced operating schedules effective September 12, 2022 at its Swedish facilities due to a decrease in market demand. The reduced operating schedules will result in a 15% decrease in production capacity and are anticipated to be in effect through the fourth quarter. “Rising inflation and mortgage rates in Europe, which are expected to persist into the fall, is impacting demand for lumber and as a result we are reducing production capacity. We are committed to continuing to meet the needs of our customers,” said Don Kayne, President and CEO, Canfor. The decrease in production capacity will be achieved through reduced shifts. The Company will continue to assess and make adjustments to operating schedules based on changes in market demand.