http://www.infobolsa.es/news/document?key=201309040909517107&source=EXPERTOS&date=20130904
As reported by RISI, China
has released a second list for its old pulp and paper (P&P) capacity
closure campaign for 2013, raising its goal to 7.42 million tonnes/yr.
The
list, publicized earlier this week by China's Ministry of Industry and
Information Technology, includes 67 firms from 14 provinces and targets almost
1.21 million tonnes/yr of outdated P&P equipment.
All
the machines on the list are required to stop production by the end of this
month, and will have to be dismantled by the end of this year.
It
is supplementary to a list released in July aiming to wipe out a combined
capacity of 6.21 million tonnes/yr around the country.
The
goal for this year now totals almost 7.42 million tonnes/yr.
Guizhou
province and Ningxia autonomous region, which did not appear on the first list,
will retire about 107,400 tonnes/yr and 26,200 tonnes/yr respectively under the
auspices of the second one.
The
provinces of Hebei, Hunan and Shandong are required to phase out 106,000
tonnes/yr, 58,000 tonnes/yr and 100,000 tonnes/yr under the new list.
The
combined closure goals for the three provinces this year will be 1.04 million
tonnes/yr for Hebei, 981,000 tonnes/yr for Hunan and 832,900 tonnes/yr for
Shandong.
The
total capacity to be closed in the three provinces, 2.85 million tonnes/yr, is
38% of the total target of 7.42 million tonnes/yr for the whole country.
The
annual capacity closure campaign has been carried out in the country for
several years to optimize industrial structures and realize cleaner production.
In
2011, a total of 8.31 million tonnes/yr of outdated P&P capacity was
closed.
The
closure target for 2012, not yet confirmed, was 9.95 million tonnes/yr.
Wednesday, September 4, 2013
Quad Wins Multiple Gold Ink Awards
Quad/Graphics
Inc. announced that its Commercial & Specialty and Direct Marketing groups
have earned multiple awards in Printing Impressions
magazine’s annual Gold Ink Awards, one of the industry’s most prestigious
annual print competitions.
Quad’s winning entries, which included two Gold, one Silver, three Bronze and
seven Pewter awards, will be recognized at the Gold Ink Awards & Hall of
Fame banquet September 9 in Chicago.
Kodak Emerges from Bankruptcy as Tech. Co.
Today, Antonio M.
Perez, Kodak Chairman and Chief Executive Officer, announced the company’s
emergence from Chapter 11 as a reorganized company, following completion of the
final steps in the restructuring process.
“We have emerged as a technology company serving imaging for business markets – including packaging, functional printing, graphic communications and professional services,” said Perez. “We have been revitalized by our transformation and restructured to become a formidable competitor – leaner, with a strong capital structure, a healthy balance sheet, and the industry’s best technology.”
Kodak completed the final steps in its Chapter 11 restructuring, including the spin-off of its Personalized Imaging and Document Imaging businesses to Kodak Pension Plan, a longstanding pension plan of Kodak’s U.K. subsidiary. The company also successfully closed on its agreement for $695 million in term exit financing, paid off its DIP lenders and second lien noteholders in full and completed its rights offerings, receiving approximately $406 million of new equity investments from participating unsecured creditors.
“We have emerged as a technology company serving imaging for business markets – including packaging, functional printing, graphic communications and professional services,” said Perez. “We have been revitalized by our transformation and restructured to become a formidable competitor – leaner, with a strong capital structure, a healthy balance sheet, and the industry’s best technology.”
Kodak completed the final steps in its Chapter 11 restructuring, including the spin-off of its Personalized Imaging and Document Imaging businesses to Kodak Pension Plan, a longstanding pension plan of Kodak’s U.K. subsidiary. The company also successfully closed on its agreement for $695 million in term exit financing, paid off its DIP lenders and second lien noteholders in full and completed its rights offerings, receiving approximately $406 million of new equity investments from participating unsecured creditors.
DMA Hires New Top Lobbyist
The
Direct Marketing Association has hired a new top lobbyist. Peggy Renken Hudson
will serve as senior vp of government affairs, replacing Jerry Cerasale, who
plans to retire at the end of the year.
Between
now and the year, Hudson will be working with Cerasale, who is capping off
20-years with the DMA.
There's
plenty to do as the industry fights off increasing calls for new regulations to
control the data collection practices of data brokers. The DMA is also part of
the Digital Advertising Alliance, which is embroiled in the ongoing Do Not
Track debate over consumer privacy.
California Poised to Get Do Not Track Law
The
chances of a consumer privacy bill coming out of Congress any time soon are
slim, but that hasn't stopped California, which continues to forge new ground
when it comes to consumer privacy legislation.
At
the end of August, the California Senate and Assembly passed an amendment
(AB370) to the California Online Privacy Protection Act that will require
commercial websites and services that collect personal data to disclose how
they respond to Do Not Track signals from Web browsers.It was introduced by California Assemblyman Al Muratsuchi and sponsored by Attorney General Kamala Harris, who has been making a name for herself by aggressively pursuing consumer privacy enforcement actions. Governor Jerry Brown is expected to sign the amendment.
Hearst Offers iPad Sub Deal
For a limited time,
Hearst is offering a $10 iTunes credit with the purchase of a one-year
iPad-version subscription to its magazines.
Bloomberg Folding Law Division
Bloomberg LP is
folding Bloomberg Law into its Bloomberg Bureau of National Affairs unit and is
expected to lay off an undisclosed number of journalists as part of
“rebranding.” BBNA was built around Bloomberg’s acquisition of the Bureau
of National Affairs in 2011 for $990M, the largest purchase in its
history. The company says that many of the 250 journalists at Bloomberg
Law will be offered jobs at Arlington, Va.-based BBNA, a provider of legal and
regulatory news and information. Bloomberg Law was seen as a way to get
away from the desktop terminal business and make some inroads into the legal
research field dominated by Thomson Reuters’ Westlaw and Reed Elsevier’s
Lexis/Nexis.
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