March Coated Paper Shipments Down

The Pulp & Paper Products Council reported that North American coated paper shipments fell -15.7% in March as compared to the same month last year. For Q1, shipments were down -6.1%. Demand declined -15.8% for the month and -8.3% for the quarter. Imports fell -19% and -11.7%. Coated woodfree shipments decreased -10.9% for the month and -4.9% for Q1. Demand declined -15.0% in March and -10% for the quarter. Imports fell -29.4% and -24.3%.

Verso Names CEO

http://www.paperage.com/2012news/04_20_2012mike_jackson_verso_paper.html

Verso Paper Corp.announced that Michael A. Jackson will retire as the President and Chief Executive Officer and a director of Verso and that David J. Paterson has been elected by Verso’s board of directors to serve in such roles, with both events to occur effective as of May 14, 2012.

Smart Papers Auctions Equipment

http://www.journal-news.com/news/hamilton-news/smart-papers-auction-draws-hundreds-1362128.html

About 300 people spent the day Wednesday bidding both in person and online on various tools, equipment and machinery at the now-closed SMART Papers cfs mill in Hamilton, Ohio.

Formerly Champion Paper, the plant ceased manufacturing operations in February.

Catalyst Credit Protection Extended

Catalyst Paper gets extension to its creditor protection period:
The Supreme Court of British Columbia has extended Catalyst Paper‘s protection under the Companies’ Creditors Arrangement Act to June 30, 2012.

Grays Harbor May Restart

http://thedailyworld.com/sections/news/local/gh-paper-mill-sale-expected-within-10-days.html

An agreement to sell and re-open the shuttered Grays Harbor Paper mill may close within 10 days according to an optimistic announcement to business leaders this morning.

The 150M tpy ufs mill closed in May 2011, laying off about 240 employees. The facility was quickly placed into receivership with Renton-based Pivotal Solutions, which has worked with owners and creditors to coordinate a sale of the property.

Back Stage Back in Print

http://www.foliomag.com/2012/back-stage-plans-relaunch-expansion

Weekly magazine Back Stage is re-launching its print publication and website to better capture best practices for individuals actively seeking news, information and careers in the preforming-arts industries.

Forbes Media Launches App

http://www.pubexec.com/article/forbes-media-launches-lifetime-financial-planning-application/1

Forbes Media announces the launch of its Lifetime Financial Planning iPad application, available now at the iTunes App Store.

 

Hearst buys 50% Aspen Labs

http://www.btobonline.com/article/20120420/STRATEGY10/304209994/hearst-business-media-acquires-50-of-aspen-labs

Hearst Business Media's electronics group has acquired 50% of Aspen Labs, a business media company that operates the social media platform EEWeb. Financial terms of the deal were not disclosed.

Consolidated Graphics' JV in Japan

Consolidated Graphics Strengthens Its International Footprint Via Joint Venture: Consolidated Graphics announced the formation of a new joint venture with Asian printer Yamagata Corp. The investment comes as Consolidated Graphics experiences an increased focus on international growth to to service its multinational corporation customer base.