The Pulp and Paper Products Council has published coated paper shipments and demand numbers for the month of December and the whole of 2011. Coated mechanical paper shipments fell -10.2% in December as compared to the same month last year and were down -7.6% for the year. Demand decreased -13.4% for the month and -8.6% for 2011. Imports declined -29.4% in December and -13.4% for the full year. Coated woodfree shipments rose slightly, up +0.5% in December, but fell -4.1% in 2011. Demand was down -2.5% for the month and -2.8% for the year. Imports decreased -8.6% in December, but jumped +3.1% for 2011.
Thursday, January 19, 2012
Resolute Forests Products Extends Shut Down of Mill
Resolute Forest Products, which temporarily closed its Fort Frances, Ontario uncoated mechanical mill in November, has announced it will continue the shut down until the end of January or until “…market conditions improve.”
Online Spending Up 23% in 2011
http://adage.com/article/mediaworks/emarketer-online-ad-spending-pass-print-time/232221/
Advertising spending on line grew to $32.03 billion in 2011, up 23%. eMarketer forecasts online ads will rise an additional 23.3%, to $39.5 billion, in 2012. The group is predicting that print ad expenditures in magazines will increase from $15.3 billion in 2011 to $15.4 billion in 2012. Total printed ads are forecast to decline, however, because of the decrease in newspaper advertising, from $36 billion in 2011 to $33.8 billion in 2012.
NewPage Port Hawkesbury Granted Extension
NewPage Port Hawkesbury was granted an extension to its creditor protection period in court today.
The company and its receiver Ernst & Young now have until the end of March to negotiate a final sale agreement with Pacific West Commercial Corp.
manroland to Become Three Independent Units
manroland to be divided into 3 units: The creditors' committee under the guidance of provisional insolvency administrator Werner Schneider and chief representative of manroland Dr. Frank Kebekus was able to reach an amicable solution for an investor concept in the course of the company's insolvency proceedings. During the meeting, which took place on Wednesday in Augsburg, the solution to divide the company into three independent units turned out to be the preferred solution.
Eastman Kodak Files for Chapter 11 Reorganization
Eastman Kodak announced today that it and its U.S. subsidiaries filed voluntary petitions for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York.
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