The global paper industry experienced stable
growth during the last five years and is expected to continue its growth
momentum, reaching approximately US $256 billion in 2017 with a CAGR of 5.9%
over the next five years (2012-2017) as reported by the recently published “Global Paper Industry 2012-2017: Trends,
Profits and Forecast Analysis”.
Wednesday, July 18, 2012
Port Hawkesbury: Consumer Advocate Protests, Process Continues
Nova
Scotia's consumer advocate has asked the Utility and Review Board to dismiss an
application for a reduced power rate for the Port Hawkesbury paper mill that
formerly belonged to NewPage.
The
rate would give Pacific West Commercial Corp. among the lowest power costs in
North America, if not the lowest. But the seven-year deal would also leave
consumers on the hook if the mill's owners, Pacific West and Nova Scotia Power,
have underestimated what it would cost to supply the mill with electricity.
An idled Cape Breton paper mill is three
steps closer to reopening after a Nova Scotia Supreme Court judge granted a
trio of orders Tuesday.
Justice John Murphy granted NewPage Port
Hawkesbury a stay of proceedings until Aug. 31, approved a creditors meeting on
the papermaker’s sale and granted a reorganization order.
While the three orders are a significant step
in the sales process, the successful reopening of the mill hinges on hearings
now before the provincial regulator.
AF&PA Releases Containerboard Report
http://www.paperage.com/2012news/07_18_2012containerboard_afpa.htm
Containerboard production lost just 0.3% over
the same month last year. Production was down 1.7% compared to May
2012, but the month over month average daily production increased 1.6%.
The containerboard operating rate for June 2012 rose 1.5 points over
May 2012 from 94.7% to 96.3%. Box shipments dropped 3.5% to 31.005 billion ft2 on an actual basis in
June, but adjusted for one less shipping day this year were up 1.1% on
an average-week basis, according to Fibre Box Assn (FBA) statistics.
Online Sales Taxes Coming to More States
Conservative governors, joining their
Democratic counterparts, have been making deals with online retail giant Amazon.com
AMZN +0.59% to collect
state sales taxes. The movement picked up an important ally when New Jersey
Gov. Chris Christie—widely mentioned as a potential vice-presidential
candidate—recently reached an agreement under which Amazon would collect sales
taxes on his state's online purchases in exchange for locating distribution
facilities there.
The move toward taxing online sales has broad
implications. Online shopping will become more expensive for consumers.
Brick-and-mortar retailers won't have the price disadvantage they now have
compared with online sellers. Strapped states suddenly could be flush with $23
billion in new annual revenue, according to the National Conference of State
Legislatures.
The Michigan Retailers Association (MRA)
today called on State Treasurer Andy Dillon to follow the law and his
department's own guidelines by sending a bill to online giant Amazon for sales
tax owed the State of Michigan.
Hearst's Esquire Goes to Singapore
Hearst Magazines International (HMI), a unit of
Hearst Corporation, today announced the launch of Esquire
in Singapore starting with the September issue, on newsstands September 1.
American City & Country Tries New Technique
Penton Title Sees Success With Virtual Events: Penton Media’s American City & County magazine, a monthly b-to-b publication serving the state and local government markets, is driving audience development and ROI with virtual events. The title’s State and Local Government Summit, which launched five years ago, is delivering a variety of paid sponsorships and cultivating valuable connections with readers.
American Media Names Digital Officer
American
Media Inc., the publisher of magazines including Star and Shape, has named Joe
Bilman its first chief digital officer as part of a new plan for digital media
that calls for adding 60 employees and spending $30 million over three years.
Harte-Hanks President Leaving
Gary Skidmore, EVP and president of direct
marketing at Harte-Hanks, Inc. is
leaving the company, according to a company statement.
In a release, Harte-Hanks stated that
Skidmore's last day with the company will be July 31, 2012, and that the
current chairman and CEO of Harte-Hanks, Larry Franklin will be taking over the
agency's direct marketing business.
QR Codes Not Meeting Expectations
Study: QR codes aren't delivering customer needs: QR codes, the most common of the mobile barcode formats, have not fulfilled their promise in connecting with large audiences, according to a report by consultancy eMarketer. the study reveals that QR code users want deals and discounts, while brands want to deliver information. Most users only scan a QR code once and afterward forgo the practice, the company said.
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