http://www.jdirving.com/
Irving Paper has announced a price increase of $50 per short ton for Irving
SCA, Irving SCB, Irving Radiance (SCA+) and Irving Opulence (SCA++),
effective with all new and existing orders shipping on and after July 1, 2013.
This increase affects all basis weights.
Thursday, April 25, 2013
UPM Reports Q1 Results
EBITDA was EUR 284 million, 11.5% of sales (357 million, 13.7% of sales). The decrease in EBITDA was mainly attributable to the Paper business area, as a result of lower average paper prices and lower delivery volumes.
Fixed costs decreased by EUR 30 million from the comparison period. Also, variable costs were slightly lower than last year.
Operating profit excluding special items was EUR 144 million, 5.8% of sales (156 million, 6.0%).
UPM Closes Rauma SC PM
UPM
has permanently closed the 245,000 tonne/yr supercalendered (SC) paper unit PM
3 at its Rauma mill in southwestern Finland. The firm stopped production on the
machine at noon on April 19, according to UPM Rauma general manager Kari
Pasanen.
Two
weeks ago, UPM announced that it would stop PM 3 as well as the 175,000
tonne/yr SC unit PM 4 at its Ettringen mill in Germany, by the end of April
instead of by the end of June, as originally announced in January.
The
closure at the Rauma mill will lead to 87 jobs being cut. After the shutdown,
the mill will still house three machines with a combined capacity of some 280,000
tonnes/yr of SC paper and 710,000 tonnes/yr of lightweight coated (LWC) paper.
Norske Skog Reports Q1 Results
http://www.norskeskog.com/Default.aspx
First quarter of 2013: Gross operating earnings NOK 174 million (NOK 332 million in the fourth quarter of 2012). Decline due to lower prices, seasonality and active capacity management.
Negative cash flow from operating activities of NOK 106 million reflecting restructuring payments and seasonally increased working capita.
Net interest-bearing debt increased by NOK 461 million to NOK 6 482 million in the quarter reflecting adverse currency effects and negative cash flow.
First quarter of 2013: Gross operating earnings NOK 174 million (NOK 332 million in the fourth quarter of 2012). Decline due to lower prices, seasonality and active capacity management.
Negative cash flow from operating activities of NOK 106 million reflecting restructuring payments and seasonally increased working capita.
Net interest-bearing debt increased by NOK 461 million to NOK 6 482 million in the quarter reflecting adverse currency effects and negative cash flow.
AF&PA Reports March P&W Paper Ships
http://www.afandpa.org/
The American Forest & Paper Association has released its March 2013 Printing-Writing Paper Report.
According to the report, total printing-writing paper shipments were down 6% compared to March 2012.
Additional key findings:
Coated mechanical (CM) shipments in March decreased 9 percent compared to March 2012 to 247,800 tons. Imports of coated mechanical increased year-over-year through February, up 12 percent.
March shipments of coated free sheet (CFS) papers decreased less than 1 percent compared to March 2012, with year-to-date CFS shipments essentially flat through the first quarter.
Uncoated free sheet (UFS) papers shipments of 753,000 tons in March were 6 percent below the same period last year, with imports increasing 12 percent year-over-year in February and exports declining 12 percent.
March uncoated mechanical (UM) paper shipments decreased 13 percent when compared to March 2012, with year-over-year exports through February up 28 percent.
The American Forest & Paper Association has released its March 2013 Printing-Writing Paper Report.
According to the report, total printing-writing paper shipments were down 6% compared to March 2012.
Additional key findings:
Coated mechanical (CM) shipments in March decreased 9 percent compared to March 2012 to 247,800 tons. Imports of coated mechanical increased year-over-year through February, up 12 percent.
March shipments of coated free sheet (CFS) papers decreased less than 1 percent compared to March 2012, with year-to-date CFS shipments essentially flat through the first quarter.
Uncoated free sheet (UFS) papers shipments of 753,000 tons in March were 6 percent below the same period last year, with imports increasing 12 percent year-over-year in February and exports declining 12 percent.
March uncoated mechanical (UM) paper shipments decreased 13 percent when compared to March 2012, with year-over-year exports through February up 28 percent.
Domtar Reports Q1 Results
Domtar
Corporation today reported net earnings of $45 million ($1.29 per share) for
the first quarter of 2013 compared to net earnings of $19 million ($0.54 per
share) for the fourth quarter of 2012 and net earnings of $28 million ($0.76
per share) for the first quarter of 2012. Sales for the first quarter of 2013
amounted to $1,345 million.
Excluding
items listed below, the Company had earnings before items1 of $33
million ($0.95 per share) for the first quarter of 2013 compared to earnings
before items1 of $46 million ($1.31 per share) for the fourth
quarter of 2012 and earnings before items1 of $61 million ($1.65 per
share) for the first quarter of 2012.
Sappi NA Completes Planned Capital Investments
Sappi
Fine Paper North America today announced the most recent completion of a series
of coated paper capital investment projects during its 2013 fiscal year, a
significant move by the company to maintain and strengthen its leadership
position and take advantage of growth opportunities in the coated paper market...
The Cloquet Mill in Cloquet, Minnesota, has completed a $19M investment in its coated papermaking operations which includes a dry fiber handling system as well as new refiners and former upgrade on PM4. The former rebuild implemented on PM4 allows for all grades and weights to be manufactured with the technical capability of using dry fiber to produce the same base sheet formation and quality as slush fiber...
At Sappi's Somerset Mill, in Skowhegan, Maine the rebuild of PM3 was completed successfully in October 2012. The $13M investment to upgrade coated paper manufacturing surpassed speed, production, and variable cost goals while achieving all of the formation and quality improvements outlined in the project plan. The implemented improvements on PM3 now allow for the production of a broader range of products on this machine.
The Cloquet Mill in Cloquet, Minnesota, has completed a $19M investment in its coated papermaking operations which includes a dry fiber handling system as well as new refiners and former upgrade on PM4. The former rebuild implemented on PM4 allows for all grades and weights to be manufactured with the technical capability of using dry fiber to produce the same base sheet formation and quality as slush fiber...
At Sappi's Somerset Mill, in Skowhegan, Maine the rebuild of PM3 was completed successfully in October 2012. The $13M investment to upgrade coated paper manufacturing surpassed speed, production, and variable cost goals while achieving all of the formation and quality improvements outlined in the project plan. The implemented improvements on PM3 now allow for the production of a broader range of products on this machine.
Global Inks Market to $18.2 Billion by 2017
GIA announces the release of a comprehensive
global report on Printing Inks market. The global market for Printing Inks is
projected to reach US$18.2 billion by the year 2017, driven by the mounting
popularity of environment friendly inks, and incessant technology innovations
that are opening up newer growth avenues including relatively new markets such
as UV and ink jet inks. Radiation curing inks and energy-curable ink technology
also offer numerous opportunities, thereby pepping up industry growth
prospects.
Catalyst Announces Acceptance of Senior Secured Notes
Catalyst
Paper announced today that holders of approximately US$15.6 million of its
Floating Rate Senior Secured Notes due 2016 accepted the offer made by Catalyst
on March 26, 2013 to purchase up to approximately US$20 million of its Floating
Rate Notes. The offer expired 5:00 PM, New York City time on April 24, 2013.
R.R. Donnelley Reports Q1 Results
R.R. Donnelley & Sons Company (RRD) Posts Quarterly Earnings, Beats Expectations By $0.04 EPS:
R.R. Donnelley & Sons Company announced its earnings results on Thursday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.04, StocKRatingsNetwork.com reports.
Highlights:
First-quarter 2013 net sales of $2.5 billion grew 0.5% from the first quarter of 2012
U.S. Print and Related Services segment net sales declined 0.5%
International segment net sales grew 3.5%
Organic net sales decline of 1.2% reflects improvement in trend from the previous five quarters -->
R.R. Donnelley & Sons Company announced its earnings results on Thursday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.04, StocKRatingsNetwork.com reports.
Highlights:
First-quarter 2013 net sales of $2.5 billion grew 0.5% from the first quarter of 2012
U.S. Print and Related Services segment net sales declined 0.5%
International segment net sales grew 3.5%
Organic net sales decline of 1.2% reflects improvement in trend from the previous five quarters -->
RRD to Withdraw Chicago Stock Exchange Listing
RR Donnelley to Withdraw Chicago Stock Exchange Listing, Retains NASDAQ Listing: CHICAGO - R.R. Donnelley & Sons Company today announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange. RR Donnelley's common stock will continue to be listed on the NASDAQ Global Select Market.
RR Donnelley has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings.
RR Donnelley has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings.
The Pay-Offs of Personalization
The Pay-Offs of Personalization: A 2012 InfoTrends study of the marketing communication needs (printing, variable data, marketing, etc.) of various businesses finds that marketing efforts featuring a higher level of personalization complexity results in a higher return on investment.
The survey of over 1,000 large businesses, across 10 different vertical industries, found that more than 60% of respondents' campaigns were personalized or segmented.
Response rates and conversion rates from the various personalized marketing campaigns:
The survey of over 1,000 large businesses, across 10 different vertical industries, found that more than 60% of respondents' campaigns were personalized or segmented.
Response rates and conversion rates from the various personalized marketing campaigns:
| Campaign | Response Rate | Conversion Rate |
| Print Only | 6.0% | 16.2% |
| Print and Email | 7.6% | 18.3% |
| Print and PURLs | 7.6% | 15.3% |
| Print, Email and PURLs | 8.2% | 16.5% |
| Print, Email, PURLs and Mobile | 8.7% | 19.0% |
SpinMedia Buys Vibe
SpinMedia Buys Vibe:
SpinMedia, a network of music and pop culture sites, has purchased Vibe magazine and reports are indicating that the brand will get the digital-only treatment Spin magazine received shortly after SpinMedia, then called BuzzMedia, bought it in mid-2012. According to The New York Times, SpinMedia has acquired the rights to the print magazine,Vibe.com and Vibevixen.com.
SpinMedia, a network of music and pop culture sites, has purchased Vibe magazine and reports are indicating that the brand will get the digital-only treatment Spin magazine received shortly after SpinMedia, then called BuzzMedia, bought it in mid-2012. According to The New York Times, SpinMedia has acquired the rights to the print magazine,Vibe.com and Vibevixen.com.
2012 Global Ad Spending Up
Global ad spending improved moderately in 2012
with telecommunications, consumer goods and entertainment categories, growing
by mid-to-high single-digit gains.
Nielsen says telecommunications advertising category climbed 7% last year -- and especially in Latin America (up 35.6%) and the Middle East/Africa (13.2% higher).
Nielsen says telecommunications advertising category climbed 7% last year -- and especially in Latin America (up 35.6%) and the Middle East/Africa (13.2% higher).
2012 Internet Ad Revenues Up 15%
Report: Internet Ad Revenues Jump 15 Percent to $37B in 2012: Despite previously held reservations, the Internet ad market is teeming with profitability—revenues grew for the third consecutive year in a row, reaching $36.6 billion for the full year of 2012, according to the IAB Internet Advertising Revenue Report released this month.
Online Sales Tax Bill Passes in Senate
Online Sales Tax Bill On The E-Commerce Industry Passes The U.S. Senate:
The online sales tax bill, also known as the Marketplace Fairness Act advances to the U.S. senate by a 74-20 vote. Depending if you're an online buyer or internet seller, this bill if enacted into law, is definitely going to affect both the Web consumers and online retailers alike.
But what exactly is the Marketplace Fairness Act or S743? Simply stated, this bill would require online retailers to collect state and local sales taxes from all U.S. customers. In the current system, retail sites only collect sales taxes from customers in states where their companies operate. The bill will compel companies having annual online sales of more than $1 million to collect sales tax on those purchases.
The online sales tax bill, also known as the Marketplace Fairness Act advances to the U.S. senate by a 74-20 vote. Depending if you're an online buyer or internet seller, this bill if enacted into law, is definitely going to affect both the Web consumers and online retailers alike.
But what exactly is the Marketplace Fairness Act or S743? Simply stated, this bill would require online retailers to collect state and local sales taxes from all U.S. customers. In the current system, retail sites only collect sales taxes from customers in states where their companies operate. The bill will compel companies having annual online sales of more than $1 million to collect sales tax on those purchases.
Advice for Time Inc
No Time to Waste:
As we all wait for the white smoke to appear above the Time Warner Center, it appears that many are fixated on gaming the odds of one CEO candidate or another. Mr. Bewkes has already announced (after talks broke down with Meredith) that he wants to “spin out” the magazine assets into a separate company. Recent reports coming from Sixth Avenue indicate that the HR folks are doing all they can to retain their best employees during this period of uncertainty. Not sure how much Laura Lang (outgoing CEO) can and/or will do in the remaining months of her tenure. The departure of chief revenue officer Paul Caine (Time Inc.’s top sales producer) can’t be doing great things for customer relationships either.
As we all wait for the white smoke to appear above the Time Warner Center, it appears that many are fixated on gaming the odds of one CEO candidate or another. Mr. Bewkes has already announced (after talks broke down with Meredith) that he wants to “spin out” the magazine assets into a separate company. Recent reports coming from Sixth Avenue indicate that the HR folks are doing all they can to retain their best employees during this period of uncertainty. Not sure how much Laura Lang (outgoing CEO) can and/or will do in the remaining months of her tenure. The departure of chief revenue officer Paul Caine (Time Inc.’s top sales producer) can’t be doing great things for customer relationships either.
UBM Reports Q1 Results
UBM Revenues Down 8 Percent in Q1:
Led by a poor quarter in events, UBM saw revenues decrease 7.9 percent year-over-year in the first three months of 2013.
Total revenues were down to $297.5 million, from $323.2 million in 2012, the company announced in its quarterly earnings report, while adjusted operating margins fell 23.9 percent to $53.5 million.
Led by a poor quarter in events, UBM saw revenues decrease 7.9 percent year-over-year in the first three months of 2013.
Total revenues were down to $297.5 million, from $323.2 million in 2012, the company announced in its quarterly earnings report, while adjusted operating margins fell 23.9 percent to $53.5 million.
DMA Speaks Out Against Tax Bill
DMA Discourages Senators from Passing the Marketplace Fairness Act: he Direct Marketing Association (DMA) wrote a letter to the U.S. Senate discouraging its members from passing the current draft of the Marketplace Fairness Act (S.743)—a bill that would give states the power to require remote sellers, including e-commerce sites and catalogers, to collect sales tax. The Senate agreed to move the bill to the floor for debate in a 74 to 20 procedural vote that occurred Monday evening.
In the letter, the DMA claims that the Marketplace Fairness Act “has not received a full vetting and markup in a Senate committee” and asks that the Senate not pass the bill until outlined simplification requirements are met.
In the letter, the DMA claims that the Marketplace Fairness Act “has not received a full vetting and markup in a Senate committee” and asks that the Senate not pass the bill until outlined simplification requirements are met.
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