As ForestTalk.com suspected, Nova Scotia Power is no longer offering a special discount power rate to Pacific West Commercial Corp. now that the advanced tax ruling is off the table.
The advanced tax ruling would have allowed Nova Scotia Power
to become a 30% equity partner in the mill and receive a combination of
preferred and common shares of the newly created Port Hawkesbury Paper.
At this time, it seems unlikely that the sale of the mill to Pacific West Commercial Corp. will proceed.
Thursday, September 20, 2012
No Word on Catalyst Mill Sale
http://www.bclocalnews.com/news/170248906.html
With
just hours to go before the scheduled closure of the $8.6 million sale of the
Catalyst Paper Elk Falls site, a cone of silence smothers efforts to confirm
the status of the deal.
The
sale was announced Aug. 16 and was first scheduled to complete by Sept. 5,
however, the date came and went with Catalyst scrambling to clear the property
of valuable leftovers. At that time, Brown told the Mirror the closing date for
the sale had been extended to Sept. 19.
IP to Acquire Packaging Plants, Turkey
http://www.internationalpaper.com/US/EN/Company/Media/IPNews.html
International
Paper, today, announced it entered into a binding agreement with Sabanci
Holdings to purchase their stake in the companies' Olmuksa joint venture in
Turkey.
The
joint venture, headquartered in Istanbul, was formed in 1998 and has grown to
become a market leader in corrugated packaging in Turkey. The company operates
two recycled containerboard mills and six box plants.
European NBSK Price Increase
The targeted price adjustment for October depends on the European paper industry's response after the summer holidays. At the moment, industry experts are predicting a normal rise in demand after the summer. After a very weak August, the order volumes are starting to pick up again a bit in mid-September, EUWID was told.
AF&AP: Boxboard Production Falls 0.8% in August
AF&AP Release August 2012 Paperboard Report: Total boxboard production decreased by 0.8 percent compared to August 2011 but increased 2.2 percent from last month. Unbleached Kraft Boxboard production decreased over the same month last year and decreased compared to last month. Total Solid Bleached Boxboard & Liner production increased compared to August 2011 and increased compared to last month. The production of Recycled Boxboard increased compared to August 2011 and increased when compared to last month.
Households Making $100K: 82% Read Print
Households Making $100K+ Remain Heavy Print Users: A survey shows that households making 100K+ continue to "reaffirm the power of the hard copy print publications in their lives, even as tablet and smartphone penetration grows disproportionately in this demographic."
The survey finds that 82% of Affluents regularly read at least one of the 150 measured and reported print publications (143 magazines and 7 national newspapers). The total duplicated average-issue audience (AIA) is more than 221 million, reflecting that America’s 59 million Affluents read an average of 18.7 issues across an average of 8.2 titles. Comparing publications measured in both 2011 and 2012, Affluent average-issue audience was relatively stable at -1.3%.
The survey finds that 82% of Affluents regularly read at least one of the 150 measured and reported print publications (143 magazines and 7 national newspapers). The total duplicated average-issue audience (AIA) is more than 221 million, reflecting that America’s 59 million Affluents read an average of 18.7 issues across an average of 8.2 titles. Comparing publications measured in both 2011 and 2012, Affluent average-issue audience was relatively stable at -1.3%.
Atlantic Media Names SVP-Group Publisher
Atlantic Media promotes Lauf to senior VP-group publisher: Atlantic Media Co. has promoted Jay Lauf, VP-publisher of The Atlantic, to senior VP-group publisher of Atlantic Media Co. and publisher of Quartz, the company's business news brand that launches next Monday.
Hearst Prepares for Leadership Change
Frank Bennack, chief
executive of Hearst, is preparing to hand over the reins to Steven Swartz, his
chief operating officer ushering in a new era for one of the world’s largest
private media companies.
“We have a very bright and able chief operating officer. Specific dates and movements to succession haven’t been set or announced, but it’s clear that they’re not far into the future and that I’m working very hard with him,” Mr Bennack told the Financial Times.
“We have a very bright and able chief operating officer. Specific dates and movements to succession haven’t been set or announced, but it’s clear that they’re not far into the future and that I’m working very hard with him,” Mr Bennack told the Financial Times.
Newspaper Employment Down 40.6% Since '01
http://www.mediapost.com/publications/article/183378/newspaper-jobs-shrink-40-in-10-years.html?print
According to the U.S. Department of Labor’s Bureau of Labor Statistics, total employment in the newspaper publishing industry has plunged from 414,000 in 2001 to 246,020 in 2011, equaling a 40.6% drop in 10 years.
Quad/Graphics Actable & Milwaukee Magazie Interactive Issue
Quad/Graphics Actable Brings Milwaukee Magazine to Life: Every page is interactive, offering amazing and engaging reader experiences for editorial and advertising content. Quad/Graphics, Inc., announced today that its Actable interactive print solutions helped Milwaukee Magazine create its first entirely interactive issue. The October "Best of 2012" issue, on newsstands this week, features 146 image recognition and augmented reality experiences that readers can launch on their Actable-enabled smartphones and other mobile tablet devices.
Vertis Sells Its Prepress Packaging Assets
Vertis Sells Its Prepress Packaging Assets to SGS: Vertis Holdings and SGS International announced an agreement under which SGS will further augment its complete, design-to-print packaging solutions with the purchase of additional prepress packaging equipment, data files and certain related assets from Vertis.
Wednesday, September 19, 2012
BD White Birch Investment Completes Acquisition
BD White Birch Investment LLC completes acquisition of White Birch Paper Company:
BD White Birch Investment LLC today announced the successful completion of the acquisition of the assets of White Birch Paper Company. The completion of the acquisition represents the successful culmination of a nearly three year restructuring process, resulting in the formation of a newly revitalized and competitive enterprise.
BD White Birch Investment LLC today announced the successful completion of the acquisition of the assets of White Birch Paper Company. The completion of the acquisition represents the successful culmination of a nearly three year restructuring process, resulting in the formation of a newly revitalized and competitive enterprise.
Still No Union Agreement at Kruger Mill
It's
been almost three months since the other unions inside the mill agreed to new
collective agreements, but the two trades unions at Corner Brook Pulp and Paper
are still without new contracts of their own.
Harbor Paper Restarts UFS Mill
Harbor
Paper in Hoquiam, WA, started up a 75,000 tons/yr uncoated freesheet (UFS)
paper machine No. 2 on Sept. 12, in line with what it had announced five weeks
ago, and was working to restart the 80,000 tons/yr UFS PM 1 by mid-October,
company pres/CEO John Begley told PPI Pulp & Paper Week today.
Oji Stops Coated Machine Production
Oji
Paper has halted production on the sole paper machine at its Nantong mill in
China for three days due to the anti-Japan unrest in the country.
A
spokesman for Jiangsu Oji Paper, Oji's subsidiary that operates the plant in
Nantong city, Jiangsu province, said that whether the 400,000 tonne/yr coated
fine paper machine at the facility resumes production on September 19 as
planned initially will depend on the situation.
China Files Dispute Against US Duties
On
17 September 2012, China notified the WTO Secretariat of a request for
consultations with the United States on countervailing and anti-dumping
measures applied to a wide range of products exported by China to the US. Among
the products cited by China, affected by the measures, are paper, steel, tyres,
magnets, chemicals, kitchen appliances, wood flooring, and wind towers.
Paperlinx Chairman Resigns
Paperlinx chairman resigns along with two board members:
He and non-executive directors Lyndsey Cattermole and Anthony Clarke announced their resignations today (19 September), with plans to leave in less than two weeks.
He and non-executive directors Lyndsey Cattermole and Anthony Clarke announced their resignations today (19 September), with plans to leave in less than two weeks.
RH Continues with Unique Approach, "First of Kind" Catalogue
http://www.sfgate.com/business/article/Restoration-Hardware-catalog-a-huge-feat-3866807.php
RH (Restoration Hardware) is bucking a trend with its book-size mailing, advertising experts say. In recent years, retailers have scaled back on the size of their catalogs, used thinner paper and in some cases are sending out fewer per year. Restoration Hardware may be publishing its "source book" just twice a year, but the product - three companion pieces totaling 992 glossy, artfully styled pages of merchandise - shows no signs of skimping. The hope, say industry insiders, is that the breadth of the catalog will keep consumers from chucking it into the trash after a quick flip through, and it will instead become a lifestyle guide kept on hand for months.
RH (Restoration Hardware) is bucking a trend with its book-size mailing, advertising experts say. In recent years, retailers have scaled back on the size of their catalogs, used thinner paper and in some cases are sending out fewer per year. Restoration Hardware may be publishing its "source book" just twice a year, but the product - three companion pieces totaling 992 glossy, artfully styled pages of merchandise - shows no signs of skimping. The hope, say industry insiders, is that the breadth of the catalog will keep consumers from chucking it into the trash after a quick flip through, and it will instead become a lifestyle guide kept on hand for months.
Printed Inserts Market Grows
Printed inserts market grows despite impact of NOTW closure:
Saturday supplements carried the largest amount of inserts in Q4 2011 (359m), just over a third of the total 1bn across daily papers and weekend newspapers and supplements for the period, according to the Direct Marketing Association (DMA) Inserts Council report, published on 11 September.
Sunday newspapers showed the biggest growth in the second half of 2011 when they grew by 108% in Q3 compared to same period in the previous year (18.2m to 37.8m).
Saturday supplements carried the largest amount of inserts in Q4 2011 (359m), just over a third of the total 1bn across daily papers and weekend newspapers and supplements for the period, according to the Direct Marketing Association (DMA) Inserts Council report, published on 11 September.
Sunday newspapers showed the biggest growth in the second half of 2011 when they grew by 108% in Q3 compared to same period in the previous year (18.2m to 37.8m).
Quad/Graphics Rebrands Polish Subsidiary
Winkowski Logistics will change its name to Quad Logistics Europe, Quad/Graphics said.
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