Verso Paper, plans to increase the price of its coated freesheet, coated mechanical and supercalendered papers by $30-60/ton (on all grades, basis weights and finishes), effective May 1.
Thursday, April 5, 2012
Fibrek Files for Expedited Process
Fibrek Inc. announced today that it has filed a motion with the Supreme Court of Canada seeking permission for an expedited process to hear both an application for leave to appeal and the appeal itself, if leave is granted, of the Québec Court of Appeal's decision to maintain the cease trade order of the proposed private placement of 32,320,000 special warrants to purchase common shares of Fibrek to Mercer International Inc.
NewPage Names Specialty Papers Managers
| NewPage Corporation has promoted three individuals to new management positions in its specialty papers business. Dawn Soucek has been promoted to Business Innovation Manager for NewPage specialty papers. Sandra Trzebiatowski has been named Commercial Manager, Specialty. Audra Franz has been promoted to NewPage Stevens Point Mill Controller. |
LA City Council Committee Bans Plastic & Paper Bags
The Los Angeles City Council's Energy and Environment Committee today voted to advance an ordinance banning all paper and plastic retail bags in the City of Los Angeles over the course of a year, a move that ironically pushes consumers toward more resource-intensive alternatives.
Mark Daniels, of Hilex Poly, said:
"The proposed policy will have no real impact on litter, instead it will only force residents to purchase less environmentally-friendly alternatives like reusable bags, nearly all of which are not recyclable, are less sanitary, are made in China using foreign oil, and often contain heavy metals."
Ripon Printers Buys Sells Printing
Ripon Printers, a leading printer of catalogs, publications, manuals, and soft-cover educational products, acquired certain business interests and assets of the Sells Printing Co. LLC on March 27, 2012. The combined annual sales of the two companies total approximately $55 million.
Online Retailers Still Waiting for Congress
Online sales tax still tops the agenda for major retailers: Laws have already been enacted in California, New York, Illinois, Connecticut, North Carolina, Arkansas and Rhode Island and legislation is being proposed in Florida, Kansas, Indiana, Michigan and other states. Scott Stanzel, Amazon's head of corporate communications says the company wants Congress to act as quickly as possible “to provide businesses with predictability and consistency.”
February Commercial Printing Shipments
February US Commercial Printing Shipments Flat with 2011 (Economics & Research Center):
February 2012 printing shipments were reported by the Commerce Department as flat with 2011, at $6.358 billion in current US dollars.
February 2012 printing shipments were reported by the Commerce Department as flat with 2011, at $6.358 billion in current US dollars.
Wednesday, April 4, 2012
Verso Completes Tender Offer
http://www.paperage.com/2012news/04_04_2012verso_paper_tender_offer.html
Verso Paper Corp. announced today the completion of the tender offer (the “Tender Offer”) of two of its subsidiaries, Verso Paper Holdings LLC and Verso Paper Inc. (together, the "Issuers") to purchase any and all of the Issuers’ outstanding 11.5% senior secured notes due 2014 (the "Notes").
Catalyst Faces $73.5 Million Shortfall
Catalyst Paper has a $73.5 million deficit in their pension plan:
Catalyst Paper has a $73.5 million shortfall in its pension plan.
Currently, the principal creditors of Catalyst Paper have until April 23 to agree on a restructuring plan. If they can not agree to a restructuring plan, Catalyst Paper will accept an already-negotiated “stalking horse bid” from its secured bondholders to buy the company.
Catalyst Paper has a $73.5 million shortfall in its pension plan.
Currently, the principal creditors of Catalyst Paper have until April 23 to agree on a restructuring plan. If they can not agree to a restructuring plan, Catalyst Paper will accept an already-negotiated “stalking horse bid” from its secured bondholders to buy the company.
Focus Direct Closing Plant
Direct-mail company Focus Direct, part of Market Partners, is closing its San Antonio production facility. Work is being diverted to larger facilities in Iowa and Virginia.
Next Issue Media's New Plan
Next Issue Media Launches Unlimited Digital Mag Access Plan: Next Issue Media has rolled out a new digital newsstand subscription plan and app for tablet magazines that allows customers to pay a flat monthly fee for unlimited access to a collection of, so far, 32 titles from 5 publishers, including Time and Hearst.
Heidelberg Expands Print Offerings
Heidelberg Expands Grand-Format and Cut-Sheet Digital Printing Offerings: Print media service providers today face a dynamic and challenging market characterized by shorter run lengths and customer demand for high-quality, flexible, low-cost solutions.
Publishers' Pinterest Interest
Pinterest: This online pin board is attracting serious attention among publishers as a significant source of traffic and “the next big thing” in social media.
Tuesday, April 3, 2012
72% of U.S. Recovered Paper Exports to China
While US exports of recovered paper declined in January from December by 3%, China's January buying represented almost 72% of total exports, according to figures from the US Dept of Commerce, Bureau of Census.
China in January purchased 1.3 million tonnes of US recovered paper. The total exports for the month was 1.8 million.
India was the No. 2 largest destination for US recovered paper, with 7% of total exports and 121,161 tonnes.
China First in Forest Industry Growth
http://www.deloitte.com/view/en_GX/global/about/index.htm
According to the 2012 Global forest, paper, and packaging sector outlook launched today by Deloitte Touche Tohmatsu Limited's Global Manufacturing Industry group, China is expected to lead the sector in growth for 2012 due to increasing demand in the Asia Pacific region.
For the pulp and paper subsector, forecasts are positive; as such, pulp plants are under construction in Brazil, Chile, Argentina, and Uruguay. Lower production costs, availability of raw material, and shorter growing time for trees are key drivers for the increase in pulp production in South America.
A DMA Win in Sales Tax Battles
http://www.btobonline.com/article/20120403/DIRECT03/304039992/dma-scores-internet-sales-tax-win-in-colorado
A U.S. District Court judge in Colorado has issued an injunction against the state's director of the department of revenue, blocking any enforcement of Colorado's law that requires out-of-state e-commerce businesses to report residents' purchases to the state so that it can collect sales tax.
52 Magazine Launches in 2012
52 Magazine Launches, 12 Closures in Q12012: 2012 started off strong with 52 new titles launched and only 12 folds, according to online database MediaFinder.com.
ASME Announces Finalists
ASME Announces 2012 National Magazine Awards Finalists: The American Society of Magazine Editors (ASME) today announced the finalists for the 2012 National Magazine Awards, known familiarly as the Ellies. With six, New York is tied for most nominations.
Bloomsbury Buys Fairchild
Fairchild Fashion Media Sells Book Division to Bloomsbury: Fairchild Fashion Media, the trade group within Condé Nast that publishes Women's Wear Daily, Style.com and Footwear News, among others, has sold its book division, Fairchild Books, to the U.S. subsidiary of Bloomsbury Publishing Plc for $6.5 million.
QuadDirect Adds Press-Plus
QuadDirect Advances In-line Direct Mail Production with 12-unit, Double-Web Press: QuadDirect, a division of Quad/Graphics, is completing installation of a new “Press-Plus” solution for in-line direct mail production that promises higher response rates and improved ROI.
Subscribe to:
Posts (Atom)