Neenah Introduces DURAFLAT® Fibre Grinding Disc Backing as Competitive Alternative to Vulcanized Fibre Discs

The Antidumping and Countervailing Duties cases filed by Norpac in August against the Canadian UGW industry has reached the official stage of being investigated by the United States ITC and DOC. The increasing legal costs and the incremental costs associated with the inordinate amount of our corporate personnel’s time that is associated with the efforts needed to defend ourselves from the unfounded accusations levied on our industry are staggering. We also expect to have to start depositing interim duties beginning in early January 2018. Therefore, effective December 1, 2017, we will increase our 48.8 gms newsprint transaction price by $30/MT. The transaction price for our other newsprint and UGW grades and basis weights will increase accordingly. It is Kruger’s intention to rescind this increase once the threat of the duties is lifted and once the investigation is completed.

"Our third quarter results reflect strong execution across the business as we transform our organization," said Kimberly-Clark Chairman and CEO, Mike Hsu. "I'm very proud of our teams' ability to deliver organic top-and-bottom-line growth, driven by market share gains and improved productivity, even against the backdrop of a dynamic consumer environment." Hsu continued, "With our Powering Care strategy in full swing, we are accelerating our innovation pipeline and reducing costs to deliver higher-quality consumer solutions for every price point, and simplifying our operational structure so that we can be faster and more responsive in our markets. We are on track to deliver strong operating profit, margin, and EPS growth in 2024 while investing to maintain our business momentum into 2025." Quarter Highlights: *Net sales of $5.0 billion were down 4 percent, with organic sales growth of 1 percent versus the prior year. *Reported gross margin was 36.0 percent, adjusted gross margin was 36.7 percent, up 90 basis points versus the prior year, driven by strong gross productivity gains.

Known as IMAGin® Simply Sustainable™, the new product line is PVC-free and consists of polyester (PET) and polypropylene (PP) films that meet current regulatory standards of the U.S. Consumer Product Safety and Improvement Act (CPSIA). IMAGin Simply Sustainable products are primarily designed for window or glass surfaces but are versatile for other applications as well. The films are created with a unique polymer technology that delivers notable benefits over traditional static cling products or similar PVC-based products. The product line offers removable and permanent products, including: *Crystal Cling (SS299): This 4.0-mil gloss clear removable PET film offers excellent clarity and print compatibility with UV and latex inkjet printers. It features a 3.0-mil polyester traction back release liner and is intended for short- to medium-term advertising on glass surfaces such as windows, displays and signboards. *Print Friendly Opaque (SS129): Designed for medium-term advertising on glass surfaces such as windows, displays and signboards, this 2.3-mil gloss white permanent block-out PP film can be printed with UV inkjet printers. It is top-coated and protected with a 50# bleach glassine liner. *White Magic Cling (SS99) and Clear Magic Cling (SS29): Available in gloss white (SS99) or gloss clear (SS29), this 2.0-mil soft, flexible PP removable film is designed to cling to any smooth glass surface, including windows, office doors, display cases or beverage coolers. It also works well on other smooth, glossy plastic and shiny metal surfaces. It is supplied with a 90# poly-coated layflat liner for ease of processing and handling and can be printed with conventional screen and offset, UV screen and offset, UV inkjet and latex printers.