Weyerhaeuser
informed customers that its northern bleached softwood kraft (NBSK) market pulp
prices would decrease $20/tonne, effective July 1 until further notice.
Thursday, June 28, 2012
China Addresses Overcapacity in Pulp & Paper Sector
China
has adjusted its national policies in its newest development plan for the pulp
and paper industry, aiming to address the issue of overcapacity in the domestic
market, said Sinolight Corporation's deputy general manager Cao Zhenlei.
The
five-year plan, running from 2011 to 2015, will apply guidelines that seek to discourage additional machine investment, the funding of which has led to overcapacity.
In
China, without the government's approval, companies cannot get bank loans to fund
their projects.
Fraser Papers Retirees Pursue Case
Fraser Papers retirees seek legal justice over corporate pension theft:
Fraser Papers retirees from Quebec and New Brunswick, who had their pensions cut by up to 40% when their employer filed for bankruptcy protection, will be at the Superior Court of Justice inToronto on Friday when their former bosses challenge their case.
Appleton Announces Consent Solicitations
Appleton Announces Consent Solicitations for its Senior Secured and Second Lien Notes: Appleton Papers Inc. announced today that it is soliciting consents to amend each of the indentures governing its 10.50% Senior Secured Notes due 2015 (the "Senior Notes") and 11.25% Second Lien Notes due 2015.
Hearst Offers 20 Titles on Google Play
With today’s launch of
magazines on Google Play,
Hearst Magazines, one of the world’s largest publishers of monthly magazines,
announces that all 20 of its popular magazine brands are now available for
purchase and reading on Android smartphones and tablets. Readers can buy single
issues or annual subscriptions to Hearst titles such as Cosmopolitan, ELLE, Esquire, the newly
launched HGTV Magazine and Marie Claire, and enjoy digital magazines
in full-color with a clickable table of contents.
Bicycling Title Plans for Tour de France
Bicycling Mag Steps Up Content Strategy for Tour de France Coverage: The 2012 Tour de France is a sporting event that cyclists and enthusiasts around the globe look forward to. Bicycling, a Rodale title, has this international event on its radar throughout the year and it uses it to increase Web traffic, reach new audiences, enhance social engagement and drive sales in print and digitally.
Artnet Magazine Closes
Artnet Magazine, a widely read online publication devoted to the visual-art
market, is shutting down due to financial difficulties. The magazine's editor
said in a email statement Monday that "during its 16 years of digital
life, the magazine was never able to pay its own way."
Author Says "No" to E-Book
Pulitzer
Prize-winning novelist Richard Russo has refused to allow his new novel to be
sold as an e-book.
The 62-year-old said Interventions, a collection of four volumes, is a
"tribute to the printed book" and would not be made available online.
The author, who won the Pulitzer Prize in 2002 with Empire Falls, said he
wanted to encourage people to buy from local bookstores. "The rapid rise of e-books and online sales of printed books pose
threats to bookstores, the book publishing industry and the rise of new
authors," he continued.
Summit Business Media Names CFO
Summit Business Media Completes Executive Team With CFO Hire: Adam Marder, most recently the vice president and general manager for sales at EverydayHealth.com, has been named executive vice president and CFO of Summit Business Media. The appointment completes the new executive management team that CEO Steve Weitzner has been putting together since he joined the company in February.
Wednesday, June 27, 2012
Fourth Producer Cuts Pulp Price
Resolute
Forest Products (Resolute) announced to customers today that its paper grade
softwood kraft market pulp prices would decrease $20/tonne, effective July 1
until further notice, industry contacts told RISI.
Catalyst May Emerge in Near-Term
About
300 jobs at the Catalyst Paper mill in Port Alberni are safe after the
company's second attempt at restructuring was accepted by an overwhelming
number of creditors, Monday.
The
amended plan, which added pensioners to the creditor group, was voted in by 99%
of both secure and unsecure creditors.
Catalyst
should be able to emerge from creditor protection "in the near term"
according to CEO Kevin Clarke.
Help for Kruger
Finance Minister Tom Marshall says
Newfoundland and Labrador is willing to support the struggling Kruger newsprint
mill in Corner Brook with some sort of financing, even thought direct subsidies
have been ruled out.
Conference Board of Canada; Industry Outlook
The
steady shift in consumer preferences toward electronic information sources has
gone beyond print media and is now taking its toll on demand for paper to
produce books. As a result of this waning demand in North America, combined
with ongoing turmoil in the world economy, Canada's paper products industry
faces a weak outlook in the next few years, according to The Conference Board
of Canada's Spring 2012 outlook for the industry.
Two Sides; Changing Attitudes on Print & Paper
Two Sides launches largest sustainability campaign:
It is the biggest campaign ever to be put forward by the graphic communications value chain, believes Two Sides' Martyn Eustace.
It aims to change consumer attitudes towards the sustainability of print media based on research conducted by Two Sides and IPSOS. In September 2011, 5000 consumer interviews found that 80% media users preferred reading from paper than a screen.
It is the biggest campaign ever to be put forward by the graphic communications value chain, believes Two Sides' Martyn Eustace.
It aims to change consumer attitudes towards the sustainability of print media based on research conducted by Two Sides and IPSOS. In September 2011, 5000 consumer interviews found that 80% media users preferred reading from paper than a screen.
American Catalog Markerters Continue Fight
Hamilton
Davison, president of the American Catalog Marketers Assn. is trying to rouse
organization members living in Republican Congressional districts to hassle
their Congress people early and often enough to get them to pull that
underwater provision, part
of the bill calls for increasing the rates on
mail
categories that don’t bring in enough revenue to cover their mailing costs.
Analogue Dollars & Digital Dimes
Are You Swapping Analogue Dollars for Digital Dimes?: If you follow the traditional publishing business model in an ever more digital world, it is inevitable. The traditional magazine business model is based on creating content to attract eyeballs, and then to sell exposure (advertising) to them. This basic plan has kept magazine publishers profitable for over a hundred years. But this model faces harsh challenges in today's digital media world.
Ennis Reports Q1 Results
Ennis Reports Net Sales Decrease in Q1 2012: Our consolidated net sales were $142.5 million for the quarter ended May 31, 2012 compared to $143.3 million for the quarter ended May 31, 2011. Print sales for the current quarter were $87.3 million, compared to $67.1 million for the same quarter last year, or an increase of 30.1%. Apparel sales for the current quarter were $55.2 million, compared to $76.1 million for the same quarter last year, or a decrease of 27.5%.
Goss Names New CEO
Goss Appoints New CEO: Goss International Corporation (“Goss”) today announced a restructuring of management. The Board has appointed Mr. Richard Nichols as CEO of the Company, effective immediately, replacing Mr. Jochen Meissner.The Board expects that the Goss management team, headed by Mr. Nichols, will undertake active and effective measures to stabilize and expand the Goss leadership position in the industry.
Tuesday, June 26, 2012
EURO-GRAPH Releases May Coated Ships
EURO-GRAPH reported May European shipments of coated mechanical paper fell -8.4% and demand was down -11.1% as compared to the same month last year. Exports rose +1.2%. Coated woodfree shipments declined -3.5%, demand decreased -1.1% and exports were down -12.4%. Supercalendered paper shipments fell -2.9%, demand declined -2.7% and exports decreased -3.6%
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