As reported by the Pulp and Paper Products Council, Supercalendered paper shipments for December fell -29.7% in December as compared to the same month last year. Shipments were down -7.9% for the year. SC-A/SC-A+ shipments decreased -24.6% for the month and fell -14.1% for the year. Demand for the grade was down -22.8% for December and -7.8% for 2011 and imports decreased -16.5% for the month, but rose +1.2% for the year. SC-B/SNC+ shipments declined -35% for December, but increased +1.6% in 2011. Demand for the grade fell -33.4% for the month, but was up +2.8% for the year. Imports jumped >100% for both the month and for the full year.
Monday, January 23, 2012
NewPage Names Executive Vice President
James C. Tyrone Returns to NewPage as Executive Vice President, Commercial Operations & Business Development:
NewPage has appointed James C. Tyrone as executive vice president, Commercial Operations and Business Development, effective February 1, 2012. The Sales and Marketing, Order Management and Strategy groups will be realigned under his direction. Mr. Tyrone was formerly senior vice president of Sales and Marketing for the company. He most recently served as senior vice president at Appleton Papers.
Resolute Forest Products Extends Date
Resolute Extending Offer for Fibrek to February 13:
AbitibiBowater Inc., doing business as Resolute Forest Products, today announced that it extended to February 13 the expiry date for its offer to acquire all the issued and outstanding common shares of Fibrek Inc. Resolute CEO Richard Garneau said, "…over 57% of Fibrek shares have been tendered as of today."
Old Navy President Resigns
Old Navy president resigns: John Thomson (Tom) Wyatt, president of Gap Inc.'s Old Navy brand, resigned his position in order to become CEO of Portland-based global education company Knowledge Universe-U.S., said John Fread, director of PR at Knowledge Universe.
RRD Closes CT Plant
http://www.piworld.com/aggregatedcontent/117-lose-jobs-when-donnelley-printing-plant-windsor-ct-closesRR Donnelley & Sons is closing its Windsor, CT location in March, putting 117 people out of work. The company is required by law to let the state Department of Labor know about its plans two months ahead of the layoffs, and it did so on Monday.
Standard Register Announces Restructuring
Standard Register Announces Strategic Restructuring, Workforce Reduction: Standard Register announced a strategic restructuring program to better align the company’s resources in support of its growing core solutions business and to reduce costs to offset the impact of to offset the impact of declining revenue in its legacy operations.
Friday, January 20, 2012
Uncoated Woodfree Shipments Fell in December
The PPPC has reported that North American Uncoated woodfree shipments declined by -4.9% in December as compared to the same month last year. For 2011, shipments were down 3.3%. Demand for the month decreased -3.3% and for the full year it fell -3.4%. Imports rose +3.1% in December, but declined -2.9% for the whole of the year.
Sappi North America Names Mill Managing Directors
http://www.paperage.com/2012news/01_20_2012sappi_leadership_mills.html
Sappi Fine Paper North America has appointed Rick Dwyer as managing director of the company’s Cloquet mill in Minnesota. Sappi also reported that it has named Mike Haws as managing director of the Somerset mill in Maine. The facilities produce coated woodfree paper.
White Birch Owners and Unions in Talks
http://www.labour-reporter.com/articleview/12160-white-birch-paper-to-meet-with-quebec-workers-union
The owners of a Quebec pulp mill who announced the permanent shut down the plant last week will meet with its unionized employees to find a way to reopen the mill, according to a union press release.
The decision is welcome news to the Communications, Energy and Paperworkers (CEP) Union-Quebec, who represent the mill's workers.
The Quebec government decided to intervene in the dispute after the mill's 600 workers were laid off as a result of the closure. White Birch president Christopher Brant met with Quebec Economic Development Minister Sam Hamad on Jan. 16 to discuss options.
31% of Delivered Digital Ads Are Not Seen
http://www.foliomag.com/2012/comscore-debuts-digital-ad-measurement-solution
In a new study undertaken by comScore found that 31 percent of digital ads are delivered, but not seen by consumers.
Magazine News Roundup
http://www.foliomag.com/2012/atlantic-media-taps-editor-chief-new-global-business-brand
The Atlanta Media Company has named Kevin Delaney as editor-in-chief of its digital global business brand (as yet untitled). Mr. Delaney’s most recent work was as managing editor of the Wall Street Journal Online.
http://www.adweek.com/news/press/hearst-names-first-cto-137597
Hearst named Philip Wiser as its first chief technology officer. Mr. Wiser was most recently CTO of Sony Corp.
http://www.pubexec.com/article/martha-stewart-living-omnimedia-inc-names-peter-medwid-publisher/1
Martha Stewart Living Omnimedia has named Peter Medwid as Senior Vice President and Publisher of Martha Stewart Living, Christina Cranley as SVP and Publisher of Everyday Food and Whole Living.
http://www.adweek.com/news/press/week-snags-mens-journal-publisher-137590
Michael Wolfe, most recently publisher of Wenner’s Men’s Journal, has been named publisher of The Week.
Postal Rate Increases Effective Sunday/USPS Request PRC to Move Up Review of Plans
http://www.presort.com/2012/01/19/usps-urges-regulators-to-speed-up-review-of-network-cutbacks/
On Sunday, January 22, First Class Mail prices will jump 2.133% overall; stamps will be $0.45. Standard Mail (direct mail and catalogues) will go up 2.124% overall, Periodicals (magazines) will increase 2.133% overall and Package Services will rise 2.133% overall.
Separately, the USPS has asked the Postal Regulatory Commission to review the Postal Services plan to cut costs, including a slowdown First Class mail delivery, closing post offices and other options. The current deadline for the PRC’s non-binding advisory opinion is July 10, at the earliest; the USPS would like to move the date to mid-April. Several bills to address the on-going financial struggles of the Postal Service are before Congress.
manroland Divided into Three Units
manroland to be divided into 3 units: The creditors' committee under the guidance of provisional insolvency administrator Werner Schneider and chief representative of manroland Dr. Frank Kebekus was able to reach an amicable solution for an investor concept in the course of the company's insolvency proceedings. During the meeting, which took place on Wednesday in Augsburg, the solution to divide the company into three independent units turned out to be the preferred solution.
Thursday, January 19, 2012
Preliminary 2011 Coated Paper Shipments Reported
The Pulp and Paper Products Council has published coated paper shipments and demand numbers for the month of December and the whole of 2011. Coated mechanical paper shipments fell -10.2% in December as compared to the same month last year and were down -7.6% for the year. Demand decreased -13.4% for the month and -8.6% for 2011. Imports declined -29.4% in December and -13.4% for the full year. Coated woodfree shipments rose slightly, up +0.5% in December, but fell -4.1% in 2011. Demand was down -2.5% for the month and -2.8% for the year. Imports decreased -8.6% in December, but jumped +3.1% for 2011.
Resolute Forests Products Extends Shut Down of Mill
Resolute Forest Products, which temporarily closed its Fort Frances, Ontario uncoated mechanical mill in November, has announced it will continue the shut down until the end of January or until “…market conditions improve.”
Online Spending Up 23% in 2011
http://adage.com/article/mediaworks/emarketer-online-ad-spending-pass-print-time/232221/
Advertising spending on line grew to $32.03 billion in 2011, up 23%. eMarketer forecasts online ads will rise an additional 23.3%, to $39.5 billion, in 2012. The group is predicting that print ad expenditures in magazines will increase from $15.3 billion in 2011 to $15.4 billion in 2012. Total printed ads are forecast to decline, however, because of the decrease in newspaper advertising, from $36 billion in 2011 to $33.8 billion in 2012.
NewPage Port Hawkesbury Granted Extension
NewPage Port Hawkesbury was granted an extension to its creditor protection period in court today.
The company and its receiver Ernst & Young now have until the end of March to negotiate a final sale agreement with Pacific West Commercial Corp.
manroland to Become Three Independent Units
manroland to be divided into 3 units: The creditors' committee under the guidance of provisional insolvency administrator Werner Schneider and chief representative of manroland Dr. Frank Kebekus was able to reach an amicable solution for an investor concept in the course of the company's insolvency proceedings. During the meeting, which took place on Wednesday in Augsburg, the solution to divide the company into three independent units turned out to be the preferred solution.
Eastman Kodak Files for Chapter 11 Reorganization
Eastman Kodak announced today that it and its U.S. subsidiaries filed voluntary petitions for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York.
Wednesday, January 18, 2012
Resolute Forest Products Next Step in Bid for Fribrek
Resolute Updates Status of its Offer for Fibrek: AbitibiBowater Inc., doing business as Resolute Forest Products ("Resolute") (NYSE: ABH) (TSX: ABH), today announced that it filed an application with the Bureau de révision et décision (Québec), the administrative tribunal with statutory jurisdiction in securities law and regulatory matters in the province, for an order to cease trade Fibrek Inc.'s (Fibrek, TSX: FBK) shareholder rights plan (the "tactical poison pill").
Subscribe to:
Posts (Atom)