Tuesday, June 4, 2013
Inc. Magazine Redesigned, Starting with Paper Upgrade
1105 Media Acquires Two Publications
1105 Media Acquires Two Publications From Peter Li Education Group: 1105 Media has acquired two brands from education media company Peter Li Education Group. School Planning & Management and College Planning & Management will be added to 1105's education group, currently anchored by T.H.E. Journal and Campus Technology. The deal matches up with 1105's two existing education brands, expanding reach into the K-12 and higher education markets. School Planning & Management and College Planning & Management reach 48,000 and 30,000 through controlled circ, respectively. Terms of the deal were not released.
Apple/EBooks Trial
In E-books Trial, U.S. Says Apple Conspired with Publishers: A three-week trial got under way before a federal judge in New York in a case pitting the Justice Department against the popular iPad and iPhone maker that could shine a light on the secretive Silicon Valley giant's business practices.
Monday, June 3, 2013
Kruger Joins Newsprint Price Hike
Canadian
newsprint maker Kruger confirmed today that it will hike the price of 30-lb
(48.8 gsm) newsprint by $40/tonne effective July 1. Kruger is the
second-largest newsprint maker by capacity in North America.
White Birch, North America's third-largest
newsprint maker by capacity behind Resolute Forest Products and Kruger,
announced a similar price increase on May 30. Contacts said late last week they
expected Montreal-based Kruger would match the White Birch hike.
Two More Pulp Mills Raise Prices
Resolute
Forest Products (Resolute) announced to North American customers that it would
increase prices $20/tonne on benchmark northern bleached softwood kraft (NBSK)
pulp, effective June 1 until further notice. It also set hikes on three other
key grades of market pulp.
Montreal-headquartered
Resolute announced its June 1 price for NBSK at $950/tonne, up $20/tonne. It
set southern bleached softwood kraft at $910/tonne, also up $20/tonne.http://alpac.ca/
Alberta-Pacific
(Alpac) announced a $20/tonne price increase on northern bleached hardwood
kraft (NBHK) and northern bleached softwood kraft (NBSK) market pulp in North
America, effective June 1 until further notice.
Vancouver-headquartered
Alpac Pulp Sales slated its aspen grade NBHK at $880/tonne with the $20tonne
increase.
Domtar Completes Acquisition of Xerox's Paper, Print Media Business
Domtar
Corporation today announced the completion of its acquisition of Xerox's paper
and print media products business in the United States and Canada, pursuant to
an agreement entered into on March 21, 2013.
The
transaction includes a broad range of coated and uncoated papers and specialty
print media including business forms, carbonless as well as wide-format paper
formerly distributed by Xerox.The addition of a globally-recognized brand to Domtar's existing portfolio of high quality, sustainability-driven paper products will allow the Company to better serve its customers.
April Chinese RCP Imports Up, Pulp Slips
China's
recovered paper (RCP) imports rose 2.1% to around 2.663 million tonnes in
April, up from some 2.609 million tonnes in the previous month, according to
data from China Customs.
April's
figure was 1.3% higher than the 2.628 million tonnes recorded in April 2012. Total RCP imports in the first four months came in at 9.856 million tonnes, almost the same amount as the year-earlier period.
China's
total pulp imports slipped 0.2% in April compared to the previous month,
dipping to nearly 1.487 million tonnes, according to data from China Customs.
The
April decrease was ascribed to a 9.0% drop in bleached softwood kraft (BSK)
pulp imports, while intake of bleached hardwood kraft (BHK) pulp surged 17.3%.
Q1 Global Forest Industry
The Global Forest Industry in the 1Q/2013: Excerpts from the Wood Resource Quarterly
Global Timber Markets
• Sawlog prices were up in practically all regions covered by the WRQ in the 1Q/13, but they were still generally lower than they were in the 1Q/12. The biggest increases from the previous quarter occurred in Western US, Latvia, Finland and Sweden. The Global Sawlog Price Index (GSPI) was up 2.4 percent to US$86.33/m3 from the 4Q/12, the biggest quarter-to-quarter increase since early 2011.
Global Pulpwood Prices
• Wood fiber prices were generally down in North America and up in the rest of the world during the 1Q/13. The Softwood Wood Fiber Price Index (SFPI) in the 1Q/13 was practically unchanged at $99.90/odmt from the 4Q/12. The SFPI has inched downward for seven consecutive quarters and is currently down 8.8 percent from the most recent peak in 2Q/11. The biggest changes in US dollar
terms in the 1Q/13 were the declines in chip prices in Eastern Canada (-12.4%),
Japan (-8.6%), Western Canada (-7.8%) and the US Northwest (-4.2%). The biggest increases came in France (+10%) and Germany (+6.9%).
(WRI Wood Resources International LLC, Wood Resource Quarterly (WRQ))
Global Timber Markets
• Sawlog prices were up in practically all regions covered by the WRQ in the 1Q/13, but they were still generally lower than they were in the 1Q/12. The biggest increases from the previous quarter occurred in Western US, Latvia, Finland and Sweden. The Global Sawlog Price Index (GSPI) was up 2.4 percent to US$86.33/m3 from the 4Q/12, the biggest quarter-to-quarter increase since early 2011.
Global Pulpwood Prices
• Wood fiber prices were generally down in North America and up in the rest of the world during the 1Q/13. The Softwood Wood Fiber Price Index (SFPI) in the 1Q/13 was practically unchanged at $99.90/odmt from the 4Q/12. The SFPI has inched downward for seven consecutive quarters and is currently down 8.8 percent from the most recent peak in 2Q/11. The biggest changes in US dollar
terms in the 1Q/13 were the declines in chip prices in Eastern Canada (-12.4%),
Japan (-8.6%), Western Canada (-7.8%) and the US Northwest (-4.2%). The biggest increases came in France (+10%) and Germany (+6.9%).
(WRI Wood Resources International LLC, Wood Resource Quarterly (WRQ))
Introduction to Chinese Commercial Printing Sector
A brief introduction of the Chinese graphic paper end-use market - commercial printing sector: The commercial printing sector, which includes catalogs, directories, inserts, direct mails and other types of promotional and sales materials, began growing as a graphic paper end-use market in China just in the past decade. After fairly slow development in the first five years (2001-2005), its growth rate almost doubled to 4.2%, driven by the solid improvement in China's real estate market and car sales resulting from the country's healthy economic development. Nevertheless, it is still only about half size of the European market and just over one-third of the size of the North American market. The total commercial printing market in 2011 reached about 4.2 million tonnes, an 800,000 tonne gain from 3.4 million tonnes in 2006.
Although the commercial printing sector uses all types of graphic paper grades, from standard newsprint to triple-coated woodfree paper, the dominant grade in 2011 was coated woodfree, with a market share of 52% or 2.2 million tonnes, followed by uncoated woodfree at 35% or 1.5 million tonnes of paper. Mechanical printing & writing grades have a share of around 11% in total, or a total volume of around 500,000 tonnes. This is quite small compared to shares in the European market (38% or 3.1 million tonnes) and the North American market (53% or 5.7 million tonnes). A very small portion (less than 2%) of newsprint is used in this end-use sector.
(RISI)
Although the commercial printing sector uses all types of graphic paper grades, from standard newsprint to triple-coated woodfree paper, the dominant grade in 2011 was coated woodfree, with a market share of 52% or 2.2 million tonnes, followed by uncoated woodfree at 35% or 1.5 million tonnes of paper. Mechanical printing & writing grades have a share of around 11% in total, or a total volume of around 500,000 tonnes. This is quite small compared to shares in the European market (38% or 3.1 million tonnes) and the North American market (53% or 5.7 million tonnes). A very small portion (less than 2%) of newsprint is used in this end-use sector.
(RISI)
Steve Swartz Takes Helm at Hearst
Steve
Swartz is a veteran of Hearst's print business, but as he takes over as CEO this week, he underscored ways the
leading magazine company is adapting its products to digital formats.
Swartz,
the former head of Hearst's newspaper business and for the past two years, its
chief operating officer, officially succeeded Frank Bennack Jr. June 1 as chief
executive of the privately run company.At a time when traditional media is challenged to keep up with the digital revolution, Swartz emphasized in a note to employees that the 126-year-old company was constantly reinvigorating its mature businesses.
Hearst Names Uden VP, Digital Marketing
http://www.mediapost.com/publications/article/201660/hearst-names-uden-vp-digital-marketing.html#axzz2VBdl6kSZ
Hearst Magazines on Monday named Klas Uden as its new VP of digital and acquisition marketing.
“Klas is a master at driving revenue for multiplatform brands,” said Liberta Abbondante, senior vice president of consumer marketing at Hearst Magazines.
Uden comes from Dow Jones & Company, where he most recently served as vice president of consumer marketing.
Hearst Magazines on Monday named Klas Uden as its new VP of digital and acquisition marketing.
“Klas is a master at driving revenue for multiplatform brands,” said Liberta Abbondante, senior vice president of consumer marketing at Hearst Magazines.
Uden comes from Dow Jones & Company, where he most recently served as vice president of consumer marketing.
In that role, he developed integrated print and digital marketing programs
across the company’s consumer properties, including The Wall
Street Journal and WSJ.com; Barron’s
magazine and Barrons.com; and SmartMoney and MarketWatch
branded newsletters.
Magazine Audiences Grow
Magazine ad pages may be declining, but their
print readership isn’t, according to the latest data from GfK MRI, which found
that the total audience for American consumer magazines increased 2.36% from
1.19 billion in spring 2012 to 1.21 billion in spring 2013. The spring 2013
figure is also up 1.12% from 1.2 billion in fall 2012.
Out of 182 magazines measured by GfK MRI, 113, or 62% of the total, showed year-over-year increases in print audience size from spring 2012 to spring 2013.
Out of 182 magazines measured by GfK MRI, 113, or 62% of the total, showed year-over-year increases in print audience size from spring 2012 to spring 2013.
Fernhurst Books Acquires Nautical Titles from Wiley's
Fernhust Books today announced that it has acquired assets from John Wiley
& Sons, Inc.'s (NYSE: JWa, JWb) nautical consumer publishing program. The
terms of the acquisition, which closed 31 May 2013, were not disclosed.
Fernhurst acquired the digital and print assets for approximately 180 Wiley titles from its consumer nautical publishing programs. Among the titles purchased are such classics as the bestselling Rules in Practice, the Ultimate Adventure series and Cruising Companions.
Fernhurst acquired the digital and print assets for approximately 180 Wiley titles from its consumer nautical publishing programs. Among the titles purchased are such classics as the bestselling Rules in Practice, the Ultimate Adventure series and Cruising Companions.
Woody Biomass Transportation Fuels Way to Reduce Emissions
Two processes that turn woody biomass into transportation fuels
have the potential to exceed current Environmental Protection Agency
requirements for renewable fuels, according to research published in the Forest
Products Journal and currently featured on its publications
page.
The Environmental Protection Agency’s standard for emissions from wood-based
transportation fuels requires a 60 percent reduction in greenhouse gas
emissions compared to using fossil fuels. The standards don’t just concern greenhouse
gases generated when biofuel is burned to run vehicles or provide energy:
What’s required is life-cycle analysis, a tally of emissions all along the
growing, collecting, producing and shipping chain.
NAPL Economists: Print Consolidation
NAPL Economists: New Breed of Nimble Competitors Entering Printing ...:
The commercial printing industry continues to show significant consolidation. Based on the latest establishment data from the Bureau of the Census and NAPL estimates, the number of establishments in the commercial printing industry declined by almost 12,500 or 33.0% between 2012 and 1998—using 2007 as the base, the decline amounts to 5,500 establishments or almost 18%. These numbers provide information on the industry’s overall consolidation in terms of companies, and significantly fewer companies should translate into more business for survivors.
But establishment counts are just part of the story, they represent the net result of company births and deaths, so they do not provide information on the number of companies entering the industry. While the total number of companies continues to decline because the industry death rate is almost double the annual birth rate—see the chart below—we should not simply focus on the net result.
The commercial printing industry continues to show significant consolidation. Based on the latest establishment data from the Bureau of the Census and NAPL estimates, the number of establishments in the commercial printing industry declined by almost 12,500 or 33.0% between 2012 and 1998—using 2007 as the base, the decline amounts to 5,500 establishments or almost 18%. These numbers provide information on the industry’s overall consolidation in terms of companies, and significantly fewer companies should translate into more business for survivors.
But establishment counts are just part of the story, they represent the net result of company births and deaths, so they do not provide information on the number of companies entering the industry. While the total number of companies continues to decline because the industry death rate is almost double the annual birth rate—see the chart below—we should not simply focus on the net result.
Without Five-Day Delivery, Will Rates Go Up
Without Five-Day Delivery, Will Rates Increase for Mailers?:
When the U.S. Postal Service (USPS) announced in February a plan to eliminate mail delivery on Saturday, mailers approved. Many told Direct Marketing News that by and large such a schedule would not significantly affect the logistics of their business; more important, mailers hoped that the revamped schedule, originally set to go into affect August 5 and which was estimated to save the USPS $2 billion annually, would reduce the chances of an exigent rate increase.
But on April 9, the USPS Board of Governors (BOG) discussed a restriction in a Continuing Resolution (CR) passed in March by Congress. The CR effectively stated that funding of the USPS is dependent on mail service continuing at 1984 levels. Consequently, the new national delivery schedule is, at least temporarily, off the table.
When the U.S. Postal Service (USPS) announced in February a plan to eliminate mail delivery on Saturday, mailers approved. Many told Direct Marketing News that by and large such a schedule would not significantly affect the logistics of their business; more important, mailers hoped that the revamped schedule, originally set to go into affect August 5 and which was estimated to save the USPS $2 billion annually, would reduce the chances of an exigent rate increase.
But on April 9, the USPS Board of Governors (BOG) discussed a restriction in a Continuing Resolution (CR) passed in March by Congress. The CR effectively stated that funding of the USPS is dependent on mail service continuing at 1984 levels. Consequently, the new national delivery schedule is, at least temporarily, off the table.
CBS Takes Full Ownership of TV Guide Digital
CBS Corp. has acquired TV Guide Digital, whose assets include TVGuide.com and TV Guide mobile.
Under terms of the deal, CBS bought the remaining 50% stake in TV Guide's digital assets from Los Angeles-based Lionsgate. Terms were not disclosed.The acquisition separates the online and mobile versions of TV Guide from a joint-venture partnership the broadcaster entered into this spring with Lionsgate to operate TV Guide Network, a basic cable network that reaches 80 million homes but struggles with low ratings.
How to Fix the Post Office
How to Fix the Post Office: Keep the ‘Last Mile,’ Outsource the Rest:
A proposal to create a “hybrid” United States Postal Service would keep postal workers on their routes while allowing private companies to compete for mail collection, transportation, and processing. Now all it needs is a divided Congress and a reluctant postmaster general to sign off on it.
A new study released today by a non-partisan Washington think tank recommends a radical departure for the struggling United States Postal Service: a public-private partnership that would open up much of the service’s back-end logistics to outside competition.
A proposal to create a “hybrid” United States Postal Service would keep postal workers on their routes while allowing private companies to compete for mail collection, transportation, and processing. Now all it needs is a divided Congress and a reluctant postmaster general to sign off on it.
A new study released today by a non-partisan Washington think tank recommends a radical departure for the struggling United States Postal Service: a public-private partnership that would open up much of the service’s back-end logistics to outside competition.
Friday, May 31, 2013
Two Additional Mills Announce Pulp Increases
https://www.versopaper.com/Default.aspx
The only previous June 1 price increase in North American hardwood markets came from NewPage, which weeks ago told domestic customers its NBHK and southern bleached hardwood kraft (SBHK) pulp prices would increase $20/tonne with all orders June 3 and after.
Two major producers of NBSK previously announced $20/tonne, June 1 increases in North America.
West Fraser made the first move on May 24 with a $20/tonne increase worldwide that includes North America, Asia, and Europe.
Domtar began informing domestic customers that it would increase prices on NBSK as well as southern bleached softwood kraft (SBSK) on Tuesday, contacts said. Domtar set NBSK at $950/tonne and SBSK at $910/tonne.
Verso
announced to customers this week that it will increase maple northern bleached
hardwood kraft (NBHK) pulp prices by $20/tonne, effective June 1 until further
notice, industry contacts said.
Verso
slated its June 1 maple NBHK price at $870/tonne with the $20/tonne hike. The only previous June 1 price increase in North American hardwood markets came from NewPage, which weeks ago told domestic customers its NBHK and southern bleached hardwood kraft (SBHK) pulp prices would increase $20/tonne with all orders June 3 and after.
http://www.canfor.com/
Canfor Pulp has informed customers in the USA that it will increase northern bleached softwood kraft (NBSK) pulp prices $20/tonne, effective June 1, industry contacts told RISI.
Canfor
Pulp's $20/tonne increase on premium reinforcement NBSK, announced to customers
this morning, comes after it last raised US prices in April to $930/tonne. The
firm's latest increase would bring its US NBSK list price to $950/tonne.Canfor Pulp has informed customers in the USA that it will increase northern bleached softwood kraft (NBSK) pulp prices $20/tonne, effective June 1, industry contacts told RISI.
Two major producers of NBSK previously announced $20/tonne, June 1 increases in North America.
West Fraser made the first move on May 24 with a $20/tonne increase worldwide that includes North America, Asia, and Europe.
Domtar began informing domestic customers that it would increase prices on NBSK as well as southern bleached softwood kraft (SBSK) on Tuesday, contacts said. Domtar set NBSK at $950/tonne and SBSK at $910/tonne.
CEP and CAW Form New Union: Unifor
The
new Canadian union being formed by the Communications, Energy and Paperworkers
Union (CEP) and the Canadian Auto Workers union (CAW) will be named Unifor. The
name and logo were unveiled today during a packed press conference of 200 local
leaders, members, community supporters and allies.
"Today,
we are proud to introduce our new union as Unifor, a union that will fight for
working people in every sector of the economy and in every community in
Canada," said CEP National President Dave Coles. "Unifor will be a
union for young workers, those struggling to piece together part-time work and
contract jobs, and other precarious working conditions. It will be a union for
everyone."
Daishowa-Marubeni Wins Tax Case in Canada
The Supreme Court of Canada ruled 9-0 on Thursday that passing on future liabilities for land reclamation cannot be considered taxable at the time of the sale.
Revenue Canada had argued the cost of such liabilities should be treated like a mortgage and thus the value should be added to the sale price for tax purposes.
But Daishowa-Marubeni International Ltd., or DMI — with the backing of the Alberta government — argued that the obligation to reforest was embedded in the timber rights granted by the province.
The top court agreed that since Alberta wouldn't allow any transfer of those timber rights unless the buyer assumed the reforestation demands, that cost actually depressed the sale price.
Italy: Producers Seeking Price Increases
July.
Buyers understand future market conditions to remain in their favour despite
capacity curbs and closures at UPM, Holmen, Stora Enso and Norske Skog.
Some
movement returned to the newsprint market in Italy in late May. Prices for magazine paper should also soon be heading upwards, if suppliers get their way. A first move in this regard was made by some of the leading European manufacturers at the end of May. The mark-ups demanded by producers were usually €25-40/t or 5-7% and would apply to all shipments from 1 July. Some other suppliers told EUWID they were planning to follow suit soon, but were still considering how high their price increase would be.
Stora Enso Names Acting CFO
Stora Enso OYJa : Jyrki Tammivuori appointed as acting Cfo of Stora Enso:
Stora Enso Group Treasurer, Jyrki Tammivuori, has been appointed as acting Chief Financial Officer as of 1 July 2013. As announced in April, the current CFO, Karl-Henrik Sundström, will head the new Printing and Living Division combining the current Printing and Reading Business Area and Building and Living Business Area from the beginning of July. The process of recruiting a new CFO is advancing.
Lecta Increases Coated Prices
Lecta,
the second largest European coated woodfree paper-manufacturing group, made up
of Condat, Cartiere del Garda and Torraspapel, announces a price increase in
its 1 and 2 side CWF papers.
Taking
in consideration the manufacturing cost levels and the rising input costs the
price increase is inevitable. It will be implemented in the paper deliveries
from early July.
Catalyst Paper Worried About Labor Shortage
Catalyst Paper worried about labour shortage at its Port Alberni mill:
Catalyst Paper said the biggest challenge its Port Alberni mill faces in the future is a looming labour shortage.
The general manager of the Port Alberni mill, Fred Chinn, said skilled employees are retiring regularly from the operation and they need to figure out how to replace them. Back in the 1990′s, many young workers were let go because they had the least senority. This has left an age gap in the employment profile.
Catalyst Paper said the biggest challenge its Port Alberni mill faces in the future is a looming labour shortage.
The general manager of the Port Alberni mill, Fred Chinn, said skilled employees are retiring regularly from the operation and they need to figure out how to replace them. Back in the 1990′s, many young workers were let go because they had the least senority. This has left an age gap in the employment profile.
Jonas Bonnier to Step Down as CEO of Bonnier AB
Jonas Bonnier to Step Down as CEO of Bonnier AB: Jonas Bonnier is stepping down as CEO of Stockholm-based Bonnier AB, parent to the U.S.-based Bonnier Corporation and divisions in 17 other countries. Bonnier, who became CEO in 2008, will officially transition out at the end of 2013, at which point he'll head to the U.S. to continue overseeing Bonnier Corp. as chairman of the board, a role he's had since 2007.
MediaPost Mag Bag
http://www.mediapost.com/publications/article/201435/mag-bag-25-of-tablet-owners-prefer-digital-mags.html#axzz2UtPKQ5PL
Digital
magazines are increasingly popular with tablet owners. Overall, 26% of tablet
owners said they prefer the tablet versions of magazines over print versions.
According
to a new survey of 1,293 tablet owners by the Mequoda Group, a digital
publishing consultancy, that proportion will increase to 65% by 2020.
That said, the engagement numbers are currently still rather modest..
Andrew Rashbass is stepping down as CEO of the Economist Group in order to take
the new role of CEO at Reuters...
Brandon Huff has been appointed executive vice president of digital for Dwell Media, where he will be responsible for initiatives such as the company's new e-commerce unit, which is set to launch in 2014...
Tom Kirwan is joining Time Inc. Branded Solutions, Time Inc.’s corporate ad sales division, as vice president for digital sales...
And more...
Brandon Huff has been appointed executive vice president of digital for Dwell Media, where he will be responsible for initiatives such as the company's new e-commerce unit, which is set to launch in 2014...
Tom Kirwan is joining Time Inc. Branded Solutions, Time Inc.’s corporate ad sales division, as vice president for digital sales...
And more...
Warren Buffett Buys Another Newspaper
The Roanoke Times will become part of Warren Buffett's newspaper group.
BH Media Group, an Omaha-based division of Berkshire Hathaway Inc., said
Thursday that it would purchase The Times from Landmark Media Enterprises of
Norfolk, for an undisclosed price. Earlier, BH Media purchased a daily
newspaper in Greensboro, N.C., from Landmark.
NYT Launches Full Mobile Site Redesign
http://www.adweek.com/news/press/new-york-times-launches-first-full-mobile-site-redesign-2006-149892
Until
recently, the New York Times mobile site was exactly the same as it was when it
launched in 2006, back when touch-screens were a rarity, the Motorola Razr was
a high-tech device, and the iPhone had yet to enter our common consciousness.
But today, that finally changed when the Times debuted its first full redesign
of m.nytimes.com.
A
few initial changes were made to the site in late April: the design was cleaned
up, load times improved, and some touch-screen optimizations introduced.
Today's big revamp also includes layout updates and features like
article-to-article and section-to-section swiping, commenting capability,
prompts for iPhone users to view Times content on its mobile site, and the
ability to save articles across platforms. The site’s advertising components
will now include full-screen interstitial units.
Voluntary Carbon Offsetting Tops 100 Million Tonnes
Voluntary demand for carbon offsetting grew 4% in 2012, when buyers committed more than $523 million to offset 101 million metric tonnes of greenhouse gas emissions. Private sector buyers flocked to offsets earned by planting trees, saving tropical forests, or distributing clean cookstoves in the developing world, according to this year’s State of the Voluntary Carbon Markets report, released by Forest Trends’ Ecosystem Marketplace this week in Barcelona, Spain.
The European private sector, including regulated energy utilities, was the market’s biggest voluntary buyer – seeing demand grow 34% to 43.4 million tonnes of offsets even in the face of significant challenges to Europe’s mandatory carbon market. Across the pond, United States-based corporations, ranging from The Walt Disney Company to Chevrolet, offset more emissions than buyers in any other single country at 28.7 million tonnes. A little over a third of offsets purchased by US buyers (9.7 million tonnes) were obtained for future use in California’s emerging cap-and-trade program.
Thursday, May 30, 2013
Sappi May Close More Mills
Sappi, the world's largest maker of fine paper used in glossy magazines, has been cutting capacity in all its operations as the paper industry struggles to recover from a slump caused by sluggish demand and over capacity.
But recovery has been slow for Sappi with weak consumer demand in Europe and an acceleration to digital devices from traditional print.
Chief executive Ralph Boettger said the company was cutting costs in “every single area” of its European business, which is its biggest, to boost margins.
“We are going to have to also take out further capacity and that will most probably involve closure of either mills or machines or both,” Boettger told Reuters in an interview.
Port Hawkesbury Gets Chips from Quebec
Barge arrives at Port Hawkesbury Paper with chips from Quebec:
The new buzzing in Cape Breton, Nova Scotia today is about a barge loaded with wood chips from Quebec that arrived this week at Port Hawkesbury Paper.
There are 230 truckloads of wood chips on the barge.
Port Hawkesbury Paper said they ordered the chips when the truck drivers refused to deliver wood to the mill for a few days earlier this month, and they have no plans to continue to bring wood chips in from Quebec.
Russell Huntington, a representative from Eastern Nova Scotia Private Wood Producers is skeptical. He said many truckers, including himself, haven’t shipped wood to the mill in months.
“I haven’t shipped them a stick of wood since sometime in January, and it doesn’t seem to bother them,” he says. “There are contractors that never started back up – there’s quite a few contractors shipping all the wood up to Northern (Pulp), and their stud wood up to Scotsburn.”
The new buzzing in Cape Breton, Nova Scotia today is about a barge loaded with wood chips from Quebec that arrived this week at Port Hawkesbury Paper.
There are 230 truckloads of wood chips on the barge.
Port Hawkesbury Paper said they ordered the chips when the truck drivers refused to deliver wood to the mill for a few days earlier this month, and they have no plans to continue to bring wood chips in from Quebec.
Russell Huntington, a representative from Eastern Nova Scotia Private Wood Producers is skeptical. He said many truckers, including himself, haven’t shipped wood to the mill in months.
“I haven’t shipped them a stick of wood since sometime in January, and it doesn’t seem to bother them,” he says. “There are contractors that never started back up – there’s quite a few contractors shipping all the wood up to Northern (Pulp), and their stud wood up to Scotsburn.”
Russia's Only LWC PM Starts
Russia's
Kama mill located in the Perm region has restarted its 86,000 tonne/yr
lightweight coated paper PM 7. In April, the mill produced some supercalendered
(SC) paper on PM 7, while in May it started making LWC paper. Kama said that it
is currently in the process of establishing its customer base in central and
western Russia.
The Kama mill, which recently changed hands, might soon see a new 330,000 tonne/yr LWC paper machine installed at its premises. The firm plans to complete a full feasibility study before the end of the year, after which it intends to start building a new machine. Kama said that it will be able to confirm more details on the investment once the feasibility study is completed.
The Kama mill, which recently changed hands, might soon see a new 330,000 tonne/yr LWC paper machine installed at its premises. The firm plans to complete a full feasibility study before the end of the year, after which it intends to start building a new machine. Kama said that it will be able to confirm more details on the investment once the feasibility study is completed.
Catalyst Raises Coated Prices
Catalyst
set $30-40 price increases on coated paper products shipping on and after July
1.
Prices
for the company's Pacificote grade will go up $30/ton and Electracote and
Electracote Brite grades will increase by $40/ton. Pricing in Canada will rise
by C$33/tonne and C$44/tonne respectively.
The
increase applies to to all brightness, finishes, and basis weights, Catalyst
said.
Temple Inland Fined for 2011 Spill
Temple Inland fined $3.3M for 2011 spill:
A federal judge has ordered Temple Inland, a subsidiary of International Paper, to pay $3.3 million and serve two years of probation for polluting the Pearl River in 2011 with illegal discharges from its paper mill in Bogalusa, killing thousands of fish.
A federal judge has ordered Temple Inland, a subsidiary of International Paper, to pay $3.3 million and serve two years of probation for polluting the Pearl River in 2011 with illegal discharges from its paper mill in Bogalusa, killing thousands of fish.
Millstein Named Assistant to Hearst CEO
Hearst
Newspapers' Lincoln
Millstein has been promoted to senior vice president and special assistant
to the CEO of Hearst Corp., the company announced Wednesday.
Millstein, 63, will cede his current role as executive vice president and
deputy group head of Hearst Newspapers on June 1 to take on the newly created
position, joining a group of executives advising Steven
Swartz on corporate strategy. In his previous position, Millstein, a
Greenwich resident, was second in command operating 15 daily newspapers,
managing aspects of digital, print, marketing and sales.
Hearst Joins Roku Investors
Hearst has joined a $60 million venture-capital
round backing Roku, the company that facilitates online streaming to TV
screens. The media company with magazines and TV stations has an arm with
investments in Brightcove and WideOrbit.
Hearst became a first-time Roku investor in the series F round, along with an unnamed institutional investor. Previous funders BSkyB and News Corp. also participated.
Hearst became a first-time Roku investor in the series F round, along with an unnamed institutional investor. Previous funders BSkyB and News Corp. also participated.
Magazine Readership Growing
Some
needed good news from the magazine publishing industry: As newsstand sales fell
and circulation remained flat through the end of 2012, the
latest data from GfK MRI's Survey of the American Consumer, which tracks print
and digital magazine audiences, shows that overall readership among adults in
the U.S. continued to grow between Spring 2012 and Spring 2013 while digital
readership nearly doubled.
Over the past year, the U.S. magazine adult audience (for print and digital editions combined) increased nearly 3 percent to 1.2 billion.
Over the past year, the U.S. magazine adult audience (for print and digital editions combined) increased nearly 3 percent to 1.2 billion.
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