Chinese RCP Imports Up 22.6% May '12/'11 and Pulp Up 23.1%

China's total recovered paper (RCP) imports climbed 7.2% to nearly 2.816 million tonnes in May, according to data from China Customs.

May's figure was 22.6% higher than the 2.296 million tonnes recorded in the same month of 2011. 

China's total pulp imports grew 6.3% in May compared to the previous month, to nearly 1.495 million tonnes, according to data from China Customs.

Strong demand continued to drive up imports of bleached softwood kraft pulp, which saw a surge of 16.3% to 630,248 tonnes.

May's intake was 23.1% higher than the 1.215 million tonnes recorded in May 2011.

BC Court Approves Catalyst Plan, U.S. Court Decision to Come

BC Court Approves Catalyst Paper Reorganization Plan: Catalyst Paper Corporation received approval today for its reorganization plan from the Supreme Court of British Columbia. The company’s second amended plan under the Companies’ Creditors Arrangement Act (the Amended Plan) received 99 per cent support from creditors at meetings held earlier this week.
Court approval of the reorganization plan comes only five months following Catalyst Paper’s entry into creditor protection on January 31, 2012. A confirmation hearing under the Chapter 15 process of the United States Bankruptcy Court for the District of Delaware (the US Court) is expected to occur in mid-July. Approval from both courts is required before the company can complete its reorganization.

Tembec Gets Financing for Capital Project

Tembec announces $30 million in financing for specialty cellulose manufacturing facility in Temiscaming:
Tembec has entered into a $30 million loan facility with Integrated Private Debt Corp. (IPD).
The funds will be utilized to fund a portion of the previously announced $190 million capital project to upgrade Tembec’s specialty cellulose manufacturing facility in Temiscaming, Quebec.

DS Smith Completes Acquisition of SCA Packaging

SCA's divestment of its packaging operations is completed: SCA’s previously announced divestment of its packaging business, excluding the two kraftliner mills in Sweden, has been completed.
The buyer is DS Smith DS Smith and the purchase price amounts to EUR 1.7bn on a debt-free basis. SCA’s two kraftliner mills in Sweden are not included in the transaction as they are well integrated with SCA´s forest products operations.
The divested operations have approximately 12,000 employees.
(SCA Svenska Cellulosa Aktiebolaget)

Bonnier & American Media Join Hearst & Meredith on Goggle Play

http://www.bonniercorp.com/news/top-bonnier-titles-now-available-on-google-play-1000090490.html

http://www.americanmediainc.com/press-releases/american-media-inc-magazines-google-play

Bonnier Corp.'s most popular brands, including Popular Science, Saveur, Parenting and Islands, are now available for purchase with the launch of magazines on Google Play.   

Today, with the launch of magazines on Google Play, American Media, Inc. (AMI) is making 11 of its most popular titles available for purchase and reading on Android smartphones and tablets.

Organic Growth Estimates Lowered

http://www.mediapost.com/publications/article/177989/organic-growth-forecast-dips-for-wpp-omnicom-ipg.html?print

Pivotal Research Group, the media and communication research company, has lowered its organic revenue growth estimates for WPP, Omnicom and Interpublic Group for both the soon-to-end second quarter and full-year 2012. Organic revenue growth is considered a key performance indicator across the advertising industry.

 

USPS Seeks to Repeat Promotion This Fall

http://postandparcel.info/48650/news/companies/usps-to-run-mobile-barcode-mail-promotion-in-november/

This year’s 2% summer discount in the United States, for mail sporting two-dimensional barcodes for mobile phones, is set to begin on Sunday – but now looks set to be repeated in November.

Mailers using Priority Mail to send their customer m-commerce purchases could get a 3% discount.

Yesterday, USPS filed a notice seeking approval from regulators, stating that its Governors have now approved another promotion based on a 2% mail discount for 7 November to 21 November 2012.

Financial Times Launches Print/Digital Ads in U.S.

'FT' rolls out ad campaign in U.S.: The Financial Times has rolled out a print and digital ad campaign in the U.S. The budget was not disclosed, but the newspaper said it will be a multimillion-dollar program.