Sappi
Fine Paper North America said Thursday it fully restarted manufacturing at its
Cloquet, MN, pulp and paper mill including both coated freesheet paper
machines. The mill shut down June 20 due to severe flooding across northeast
Minnesota.
Thursday, June 28, 2012
Resolute Layoffs at Catawba Mill
Resolute Forest Products will lay off 98 employees when it shuts down one
of four production lines at its Catawba plant. The No. 1 line which makes lightweight coated paper used in magazines and
advertising fliers, will shut down Saturday. Layoffs will start Monday, said
Debbie Johnston, spokeswoman for the company known formerly as Abitibi Bowater. The company employs about 750 workers in the mill.
Another Pulp Price Change
Weyerhaeuser
informed customers that its northern bleached softwood kraft (NBSK) market pulp
prices would decrease $20/tonne, effective July 1 until further notice.
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.
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