Ritrama Inc. 2018 Pricing Announcement

New Force Magnetics and Master Magnetics, Inc. − a Colorado company − were acquired by a newly formed investment company now known as Master Magnetics Inc (a Delaware corporation) on April 1, 2024. Beginning on April 22, 2024, New Force Magnetics will operate as a new business unit under Master Magnetics Inc. Katie Fink will continue to provide the same level of customer service to which you are accustomed, operating under her new title, New Force Business Unit Manager. Jack Nellessen continues his employment with the company Chief R & D Strategist. Our new product offerings will expand to include not only the current flexible magnetics sheeting and strip and magnetic receptive products, but an entire array of neodymium, ceramic, ALNICO, and samarium cobalt magnets and magnetic assemblies for consumer, commercial and industrial use.

The company reported operating income of $235 million in the quarter, compared to an operating loss of $101 million in the fourth quarter. The improvement reflects higher selling prices in all segments ($206 million) and the net favorable impact of the indefinite idling of pulp and paper operations at the Calhoun (Tennessee) mill ($7 million). This was partially offset by lower shipments as a result of logistics constraints ($29 million), as well as higher fiber ($25 million) and freight expenses ($8 million). The company recorded lower selling, general and administrative expenses ($7 million), mainly due to lower share-based compensation expenses in the quarter. The prior quarter results were unfavorably affected by charges related to the indefinite idling of pulp and paper operations at the Calhoun mill ($171 million).

Out with the old, in with the new! Georgia-Pacific has contributed $100,000 to Auburn University to help fund a new state-of-the-art digester that will give engineering students the ability to test and improve a newly patented innovation in papermaking. The current digester in the Alabama Center for Paper and Bioresource Engineering (AC-PABE) at AU is over 30 years old with many operational issues and no longer meets teaching and research needs. That’s why the AC-PABE contacted Georgia-Pacific, a long-time partner of AU and the pulp and paper program. A digester is a key piece of equipment used in the paper-making process. Pulp mill digesters use heat and chemicals to break down wood chips into pulp. The pulp is then further refined and processed to produce paper products.