International Paper 4Q 2012 results: net earnings down 16% from year ago to $235 million:
International Paper reported preliminary full-year 2012 net earnings attributable to common shareholders totaling $794 million compared with $1.3 billion in full-year 2011.
International Paper (IP) reported preliminary full-year 2012 net earnings attributable to common shareholders totaling $794 million ($1.80 per share) compared with $1.3 billion ($3.03 per share) in full-year 2011. In the fourth quarter of 2012, the company reported net earnings of $235 million ($0.53 per share) compared with $281 million ($0.65 per share) in the fourth quarter of 2011. Amounts in all periods include special items and non-operating pension expense. Full-year 2012 Operating Earnings were $1.2 billion ($2.65 per share) compared with $1.4 billion ($3.12 per share) in 2011. Operating Earnings in the fourth quarter of 2012 totaled $305 million ($0.69 per share) compared with $319 million ($0.73 per share) in the fourth quarter of 2011. Annual sales totaled $27.8 billion in 2012 compared with $26.0 billion in 2011. Quarterly net sales were $7.1 billion in the fourth quarter compared with $6.4 billion in the fourth quarter of 2011. Full-year 2012 business segment operating profits were $2.0 billion compared with $2.2 billion in 2011.
Tuesday, January 29, 2013
IP/Smart Papers Settle Suit
The city of Hamilton has settled a federal
lawsuit with International Paper and SMART Papers over an outstanding
termination fee for wastewater treatment services at the former SMART Papers
plant.
The city, which originally filed suit for
$3.2 million, has received a settlement from both papermakers for a total of
$2.76 million, according to Doug Childs manager of energy management and
utility business services. Of that amount, $2.6 million will be paid by
International Paper and $250,000 has already been paid by SMART Papers. The
funds, minus about $80,000 for legal and other miscellaneous fees, will be
deposited into the city’s wastewater treatment fund.
China's Reliance on Recycled Paper Pushes Recovery
Asian countries, especially fiber-short countries like China and India, will remain heavily dependent on recovered paper and account for a large share of the demand growth in the future, predicts Hannah Zhao, a Resource Information Systems Inc. economist on recovered paper.
In 2011, China used 56.6 million tons of recycled fiber-based pulp, accounting for 62 percent of the total pulp consumption in China. About 38 percent of the recovered paper was recycled domestically.
SK's Hansol Increases Coated Woodfree Price
South Korea's largest paper and
board producer, Hansol Paper, has tabled price increases of 5-6% for coated
fine paper and cartonboard exports, effective February 1.
The proposed rises will be
implemented on orders received from that date on the company's coated fine
paper, including one-side coated products, and also on coated recycled board
grades, such as grayback coated duplex board and whiteback coated duplex board.Hansol attributed the hike to the rising costs of raw materials, including market pulp, recovered paper, chemicals and energy.
New Face for The New Republic
There are not many firsts for a politically
savvy, 98-year-old publication like The New Republic. But Franklin Foer, its
38-year-old editor, experienced one recently when he passed a Hudson News store
at Union Station here and saw the magazine displayed prominently near the
checkout.
It’s all part of the plan by Chris Hughes, the 29-year-old co-founder of Facebook, former online campaign adviser to President Obama and The New Republic’s newest owner, to turn around the magazine he bought in March.
It’s all part of the plan by Chris Hughes, the 29-year-old co-founder of Facebook, former online campaign adviser to President Obama and The New Republic’s newest owner, to turn around the magazine he bought in March.
What Magazines Can Learn from eBooks
A recent Wall
Street Journal article by Keach Hagey takes a look at trends in
digital magazine pricing and finds a number of publishers charging more for
tablet editions than print. As ad revenue declines, publishers are turning to
digital magazines as a way to “become more leveraged toward consumer revenue
and a little less dependent on advertising,” in the words of Hearst president
David Carey.
And here’s Condé Nast president Bob Sauerberg: “We’re using this new platform and the clear demand for all access to our content as a way to redefine our subscription offerings at a higher price. The industry is trying to take a step forward because we’re all trying to get more money from the consumer.”
And here’s Condé Nast president Bob Sauerberg: “We’re using this new platform and the clear demand for all access to our content as a way to redefine our subscription offerings at a higher price. The industry is trying to take a step forward because we’re all trying to get more money from the consumer.”
Sperduti on Rebranding J.Crew Retail
J.Crew thought their men’s business was
considered irrelevant and wanted to rebrand it. At the time [2007-08] there
were a lot of blogs about menswear that gave a lot of smaller brands an
outsized footprint and large reach. J.Crew was making great products, they had
amazing attention to detail, they just weren’t part of the conversation. Mickey
Drexler, the CEO, asked what they could do to remedy that: Was it a national
campaign or rethinking their catalogue? Our answer was a small space with no
overt branding that was outside the retail corridor. We believed the Liquor
Store had the perfect makings to recontextualize J.Crew menswear. The rent was
half of what a billboard in Tribeca would cost. For us it was a big lesson:
There is more than one way to rebrand a company. Offering something
experiential and acting smaller reverberates on a much larger scale.
Nonprofits Hurt By New Postal Rules
Three of the new discounts -- high density letters, high density flats, and automated 5-digit flats -- are higher than the old rates, two categories (high density plus letters and high density plus flats) are new and the discount for non-automated 3-digit flats is slightly lower than the old rate. But the key issue is the discrepancy between the nonprofit and commercial rates.
Rolling Stone Debuts iPad App
Rolling Stone Debuts iPad App with Support From MEI, Nervous Pixel: Jenkintown, PA — Managing Editor Inc. (MEI) today announced its professional and creative services support of Rolling Stone magazine’s recently released iPad app. Wenner Media, publisher of Rolling Stone and other entertainment magazines including Us Weekly, produced the app using vjoon K4™ Cross-Media Publishing Platform and the Adobe® Digital Publishing Suite™ (DPS), both top-tier products provided and supported by MEI.
Publishers Increasing Invesment In Mobile
Survey: Publishers Upping Their Invesment In Mobile: A survey of North American newspaper, magazine and business publication members shows how they are innovating and investing in cross-media platforms.
With an eye on profitability, more respondents report moving to some form of a paywall. Of those currently not using a paywall, 44% plan to implement one in the next 24 months.
Business publications and newspapers are more than twice as likely to have implemented a paywall as magazines.
The most employed paywall is metered, allowing consumers to access a set number of articles before payment is required. Almost 40% are using this type of paywall, while 17% are using a hard paywall (payment required to read any content). One-third (33%) are using a combination paywall that restricts access to premium content.
With an eye on profitability, more respondents report moving to some form of a paywall. Of those currently not using a paywall, 44% plan to implement one in the next 24 months.
Business publications and newspapers are more than twice as likely to have implemented a paywall as magazines.
The most employed paywall is metered, allowing consumers to access a set number of articles before payment is required. Almost 40% are using this type of paywall, while 17% are using a hard paywall (payment required to read any content). One-third (33%) are using a combination paywall that restricts access to premium content.
Monday, January 28, 2013
AF&PA Reports P&W 2012 Numbers
http://www.afandpa.org/
The American Forest & Paper Association has released its December 2012 Printing-Writing Paper Report. According to the report, total printing-writing paper shipments decreased 9 percent in December compared to December 2011. For the year of 2012, printing-writing and related paper shipments were 4.6 percent below the 2011 level. All four of the major printing-writing grades posted decreases compared to last December, with inventory levels increasing in November, led by double-digit increases in mechanical grade papers.
Additional key findings:
December shipments of coated mechanical (CM) papers decreased 10 percent compared to December 2011 and 5 percent for the year.
December shipments of coated free sheet (CFS) papers decreased 7 percent when compared to December 2011 and were down 3 percent for the year in 2012. Year-to-date imports of CFS through November were down 12 percent compared to the 11-month period in 2011.
Uncoated free sheet (UFS) papers shipments decreased 7 percent compared to December. Annual purchases of UFS papers for the year were down 4 percent compared to 2011. Year-to-date UFS imports are up 4 percent in 2012 compared to same 11 months in 2011.
December uncoated mechanical (UM) paper shipments decreased 27 percent when compared to December 2011, with annual shipments 17 percent below 2011 levels.
The American Forest & Paper Association has released its December 2012 Printing-Writing Paper Report. According to the report, total printing-writing paper shipments decreased 9 percent in December compared to December 2011. For the year of 2012, printing-writing and related paper shipments were 4.6 percent below the 2011 level. All four of the major printing-writing grades posted decreases compared to last December, with inventory levels increasing in November, led by double-digit increases in mechanical grade papers.
Additional key findings:
December shipments of coated mechanical (CM) papers decreased 10 percent compared to December 2011 and 5 percent for the year.
December shipments of coated free sheet (CFS) papers decreased 7 percent when compared to December 2011 and were down 3 percent for the year in 2012. Year-to-date imports of CFS through November were down 12 percent compared to the 11-month period in 2011.
Uncoated free sheet (UFS) papers shipments decreased 7 percent compared to December. Annual purchases of UFS papers for the year were down 4 percent compared to 2011. Year-to-date UFS imports are up 4 percent in 2012 compared to same 11 months in 2011.
December uncoated mechanical (UM) paper shipments decreased 27 percent when compared to December 2011, with annual shipments 17 percent below 2011 levels.
EURO-GRAPH Reports 2012 Coated, SC Results
http://www.euro-graph.org/publicms/index/view
EURO-GRAPH reported European coated mechanical paper shipments fell -7.3% in 2012, as compard to the previous year. December shipments decreased -13.1%. Demand was down -9% for the year, -16% for the month, and exports declined -1.5% and -3%. Coated woodfree shipments fell -2.9% in 2012 and -9.6% in December. Demand was down -3.6% for the year and -12.9% for the month. Exports rose +0.1% and +1.5%. Supercalendered paper shipments declined -5% in 2012 and -9.7% in December. Demand decreased -3.7% for the year and -10.2% for the month. Exports fell -10.4% and -7.3%.
EURO-GRAPH reported European coated mechanical paper shipments fell -7.3% in 2012, as compard to the previous year. December shipments decreased -13.1%. Demand was down -9% for the year, -16% for the month, and exports declined -1.5% and -3%. Coated woodfree shipments fell -2.9% in 2012 and -9.6% in December. Demand was down -3.6% for the year and -12.9% for the month. Exports rose +0.1% and +1.5%. Supercalendered paper shipments declined -5% in 2012 and -9.7% in December. Demand decreased -3.7% for the year and -10.2% for the month. Exports fell -10.4% and -7.3%.
New Financing for Great Northern Paper
Enhanced Community Development, a subsidiary of Enhanced
Capital Partners ("Enhanced Capital"), announced today it recently
participated in providing $50 million in New Market Tax Credit financing to the
Great Northern Paper Mill ("GNP") in East Millinocket, Maine, which
includes $40 million in Maine New Market Capital Investment tax credits and $10
million in Federal New Market Tax Credits.
This investment will be used for capital improvements at GNP which will result in up to 50 new jobs at the mill by the end of the year, plus more than 100 new indirect jobs in related industries including logging, forestry, and trucking. The plant upgrades include a conversion from oil to clean-burning natural gas, a 30% increase in annual production capacity, and a complete overhaul of the grinder room.
This investment will be used for capital improvements at GNP which will result in up to 50 new jobs at the mill by the end of the year, plus more than 100 new indirect jobs in related industries including logging, forestry, and trucking. The plant upgrades include a conversion from oil to clean-burning natural gas, a 30% increase in annual production capacity, and a complete overhaul of the grinder room.
AF&PA Reports Dec. Recovered Paper Numbers
http://www.afandpa.org/
The American Forest & Paper Association released its December 2012 U.S. Recovered Fiber Monthly Report on Jan. 24.
According to the report, total U.S. industry consumption of recovered paper in December was 2.38 million tons, less than 1 percent higher than in November. Receipts decreased for most grades and, coupled with the flat consumption, caused across-the-board decreases in inventories. Total consumption in 2012 was 3 percent lower than in 2011.
U.S. exports of recovered paper in November dropped off 4 percent from the strong October figures, though they were still 4 percent higher than November 2011. Total exports of recovered paper in 2012 were 5 percent lower than in 2011.
The American Forest & Paper Association released its December 2012 U.S. Recovered Fiber Monthly Report on Jan. 24.
According to the report, total U.S. industry consumption of recovered paper in December was 2.38 million tons, less than 1 percent higher than in November. Receipts decreased for most grades and, coupled with the flat consumption, caused across-the-board decreases in inventories. Total consumption in 2012 was 3 percent lower than in 2011.
U.S. exports of recovered paper in November dropped off 4 percent from the strong October figures, though they were still 4 percent higher than November 2011. Total exports of recovered paper in 2012 were 5 percent lower than in 2011.
Moody's: European Paper Co.s Must Diversify
Ratings agency’s report says European
paper companies should look to nonpaper operations and emerging markets to
drive long-term growth and protect profits
MOODY’s released a "special
comment" report on Thursday saying European paper companies could
safeguard growth and profits by diversifying away from paper markets.
The ratings agency said despite declining
paper volumes, diversification would enable European paper and forest-product
companies to restore long-term profitability and strengthen their credit
profiles.
China's 2012 RCP Imports Up 10.2%, Pulp Rises 14.8%
China's total recovered paper (RCP) imports grew 4.5% to
around 2.687 million tonnes in December 2012, up from some 2.570 million tonnes
in November, according to data from China Customs.
December's figure was 3.8% lower than the 2.792 million
tonnes recorded in the same month in 2011.
RCP imports totaled over 30.066 million tonnes in 2012, up
10.2% from the preceding year. The intake in 2011 totaled just over 27.280
million tonnes.
China's total pulp imports fell 1.3% last December compared to
the previous month, to nearly 1.394 million tonnes, according to data from
China Customs.
The December drop, which came following an increase of 3.8%
in November from October, was attributed largely to a decline of 6.8% in
bleached softwood kraft (BSK) pulp imports.
Pulp imports for 2012 totaled around 16.462 million tonnes,
a surge of 14.8% from 2011, which came in at 14.340 million tonnes.
Paper Excellence & Union Reach Agreement
Howe Sound Pulp and Paper (HSPP) has reached a new
collective agreement with Local 1119 of the Communications, Energy and
Paperworkers Union (CEP).
The five-year contract was set to go before the CEP
membership yesterday (Jan. 24) for a ratification vote, union local president
Don Rheaume said Monday, Jan. 21.
Alberta-Pacific Announces Pulp Price Hike
Alberta-Pacific (Alpac) announced Friday that its northern
bleached hardwood kraft (NBHK) pulp price would increase in North America and
China, effective February 1 until further notice.
Alpac Pulp Sales told customers that its aspen grade NBHK price would be $790/tonne in North America.
Alpac Pulp Sales told customers that its aspen grade NBHK price would be $790/tonne in North America.
Barnes & Noble Closing 1/3 of Stores
Barnes & Noble has put up an excellent
fight over the past few years against the rising tide of digital competitors
like iPad, Kindle Fire, etc.
But it would seem that the bookseller has still come up a bit short, as the Wall Street Journal reports that the company has plans to shut down nearly 20 stores per year over the course of the next decade.
But it would seem that the bookseller has still come up a bit short, as the Wall Street Journal reports that the company has plans to shut down nearly 20 stores per year over the course of the next decade.
Number of Magazines on Tablets
How many magazines are being sold on the
tablets?
This seems like it would be an elementary question, one covered far and wide. But, my research tells me that this information does not exist out there in any accessible way. So, how did I compile it?
Remember when you used to have to count on your fingers to figure out things? That’s basically what I did. I went to three different tablets, found digital magazines, and added them up.
Here’s what it looks like more or less today (counts were all made in January 2013)...
This seems like it would be an elementary question, one covered far and wide. But, my research tells me that this information does not exist out there in any accessible way. So, how did I compile it?
Remember when you used to have to count on your fingers to figure out things? That’s basically what I did. I went to three different tablets, found digital magazines, and added them up.
Here’s what it looks like more or less today (counts were all made in January 2013)...
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