China to Close 4.55 Million mt P&P Capacity in 2013

China has announced it will close a total of 4.55 million tonnes/yr of old pulp and paper capacity in 2013.

The Ministry of Industry and Information Technology (MIIT) unveiled the annual outdated capacity shutdown targets for 19 industries, including pulp and paper, last week.
A detailed list of closures is to be released later this year.
The goal for 2013 has sharply decreased from last year's target of 9.95 million tonnes/yr.
The final results of the 2012 campaign are being checked by the central government.
Earlier this year, the ministry calculated that more than 8.31 million tonnes/yr of small and outdated pulp and paper equipment was decommissioned in 2011.

Germany: Suppliers Insist on Coated Price Increase

http://www.euwid-paper.com/news/singlenews/archive/2013/april/Artikel/suppliers-insist-in-price-hikes-for-cwf-paper-in-germany.html

Producers of woodfree coated paper are pushing forward with their price hike plans on the German market. Announcements have been made by all major suppliers. Even buyers are preparing for increases in April.

All major suppliers of woodfree coated paper on the German market have announced price hikes.
Although demand is not high – all manufacturers can reportedly deliver paper immediately – prices are said to have been forced up. In view of cost increases, especially for raw materials, producers are no longer ready to make compromises. "Take it or leave it” is the general attitude, buyers report. The situation is reportedly the same with all manufacturers since current prices do not allow for any earnings. 
Even buyers who until late had doubted the seriousness of the producers attempts meanwhile believe that the hike in April cannot be avoided. That said, they are sceptical with respect to price sustainability

Russia Once Again Reduces Coated Paper Duties

Russia reduced again duties on imports of coated paper and board down to 5%: The Board of Eurasian Economic Commission decided to reduce temporarily import duties on certain types of paper and board from 15% to 5% of the customs value.
Since late April, import duties for most grades of coated paper and paperboard used in printing will be reduced until 19 January 2014, for multi-layer paper and paperboard with bleached layers - until 31 December 2015.

F+W Media Makes Acquisition

F+W Media to Acquire Network of Digital and Retail Properties:
F+W Media announced that it plans to acquire a sewing vertical complete with retail locations and a digital content portal—The Sewing Studio and LoveSewing.com will join the F+W family effective May 1.  Terms of the deal were not disclosed.

Cenveo Completes Refinancing of Credit Facilities

http://www.cenveo.com/

Cenveo, Inc. (CVO) today announced that its subsidiary, Cenveo Corporation ("Cenveo"), has completed the refinancing of its existing senior secured Term B Loan and Revolving Credit Facility with an amended and restated $360 million Term B Loan facility, through Bank of America, N.A. as administrative agent, and joint lead arrangers Bank of America, N.A., Macquarie Capital (USA) Inc. and Barclays Bank PLC, along with a new $200 million asset based loan ("ABL") Credit Agreement with Bank of America, N.A., as administrative agent, and Bank of America, N.A., Wells Fargo Bank, National Association, Barclays Bank PLC and General Electric Capital Corporation as joint lead arrangers.

WSJ Launches MoneyBeat

http://www.mediapost.com/publications/article/198163/wsj-launches-new-blog-moneybeat.html#axzz2QjRVkUBb

The Wall Street Journal has just launched MoneyBeat, a new blog dedicated to global finance, markets, and mergers and acquisitions. Its analyzes the big trends and business news stories. MoneyBeat brings together six of the newspaper's most widely read blogs: MarketBeat, The Source, Overheard and all the Deal Journals across the globe, into a single, integrated hub. MoneyBeat is overseen by former Deal Journal and MarketBeat editor Stephen Grocer.

Nielsen: Newspaper Ads Engage, Influence Consumers

Nielsen: Newspaper Ads Touted for Engagement and Influence: A Nielsen survey of 5,000 U.S. adults finds newspapers (print and online) lead for ad engagement, influencing purchases, and more.
Key findings:

For consumers, newspaper engagement scores exceeded those of other media (TV, radio, social media). On indices where 100 equals the norm, print newspapers rated highest on how engaged audiences with advertising than the media overall; local newspapers ranked 19% higher and national newspapers, 17% higher.

A critical question is whether advertising influences consumers’ likelihood of making a purchase. On this metric, 35% of consumers surveyed said ads viewed in local and national newspapers were most likely to influence their decision to purchase. Social media ads rated last (25%). 

When respondents were asked about media use and whether they usually notice advertisements, local newspapers scored highest of all media at 48%, followed by national newspapers (46%).

Former CEO of Quebecor to Chair Hydro-Quebec Board

Former CEO of Quebecor to chair Hydro-Quebec board:
Pierre Karl Peladeau, former CEO of Quebecor Inc., says he is happy to work with Hydro-Quebec. The former, and sometimes controversial, head of Quebecor Inc, Pierre Karl Peladeau, is about to take on a leadership role at Hydro-Quebec. Premier Pauline Marois' office announced this morning Peladeau is being named the chairman of Hydro-Quebec's board of directors. He will also sit as an independent member of the board.
Peladeau's new position will not affect the role of Thierry Vandal, who will remain Hydro-Québec's president and CEO.
A spokesperson for Peladeau said he is looking forward to contributing to the organization.

Quad/Graphics Leases Industrial Facility

Quad/Graphics leases New Berlin industrial facility:
Quad/Graphics Inc. has leased a 205,063-square-foot industrial building in New Berlin, according to an announcement Tuesday from the Dickman Co. Inc./CORFAC International, Milwaukee.
More details were not immediately available. A Quad/Graphics spokeswoman couldn’t immediately be reached for comment.

Deluxe Closes Plant

http://www.bizjournals.com/louisville/news/2013/04/15/new-albany-printing-plant-to-close.html

A printing plant in New Albany, owned by Shoreview, Minn.-based Deluxe Corp., will close by the end of the year, and about 30 workers are being laid off in the process. 
Printing done at the New Albany plant is being moved to a new facility that the company recently opened in Chicago, according to Terri Shapiro, executive director of brand and media relations at Deluxe. She said many of the workers being laid off will be offered severance. 
The closure is part of a realignment for Deluxe.