Mediafinder.com reported that 2011 magazine launches jumped 23.8% over 2010, while closures declined by 13.6%. There were 239 new titles published in this year and 152 shuttered. Food magazine has the highest growth with 25 new titles. There were 20 new regional magazines. In the business-to-business sector, there were 62 new titles, as compared to 34 last year. There were 38 closures; in 2010, there were 47.
Wednesday, December 14, 2011
USPS Announces Moratorium On Closures
The Postal Service has announced a five-month moratorium on the closure of post offices and mail processing facilities, in response to a request from 22 senators. The delay until May 15, 2012, is intended to give Congress more time to adopt legislation that would address the USPS financial crisis without drastic cuts in service.
Investlesprom Starts LWC Machine in Russia
A LWC paper machine was successfully started at the Investlesprom Kama mill in Krasnokamsk city (Perm region) in Russia. PM 7 (PM No7 (Vaahto Paper Technology) )produced the first coated paper on November 3, 2011. The estimated capacity is 86 thousand tons per year. The wire width of the machine is 3700 mm and design speed 1050 m/min.
UPM to Build New Headquarters
UPM is planning a new headquarters in the Helsinki city center. The proposed move will lower the company’s operating costs by ~2 million Euros. The building will be owned by a real estate company, but UPM will rent for the long-term. The lease for their current headquarters expires in 2013.
Separately, it was reported that UPM CEO Jussi Pesonen has been appointed chairman of the Confederation of European Paper Industries (CEPI), effective in January.
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