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    RSS-News News RSS-News from paper-world.com - Add to Google! Page:    <<   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29   >> 
     
     
    16.08.2013   Buckeye Technologies Stockholders Approve Merger Agreement with Georgia-Pacific    ( Company news )

    Buckeye Technologies Inc. (NYSE:BKI, “Buckeye”) announced that at a special stockholders’ meeting held yesterday, Buckeye stockholders approved the Agreement and Plan of Merger, dated as of April 23, 2013, by and among Georgia-Pacific LLC (“Georgia-Pacific”), GP Cellulose Group LLC (“Purchaser”) and Buckeye (the “Merger Agreement”).
    More than 84% of the total outstanding shares of Buckeye common stock eligible to vote as of the July 8, 2013 record date were voted in favor of the adoption of the merger agreement. Buckeye stockholders also approved the non-binding advisory proposal regarding merger-related compensation with a vote of more than 83% of the total outstanding shares of Buckeye common stock eligible to vote as of the July 8, 2013 record date.
    Upon the closing of the transaction, Buckeye will become an indirect, wholly-owned subsidiary of Georgia-Pacific, and Buckeye stockholders (other than Buckeye stockholders who have properly exercised rights of appraisal) will be entitled to receive $37.50 in cash, without interest and subject to any withholding of taxes required by applicable law, for each share of Buckeye common stock owned at the time of the transaction’s closing.
    Consummation of transaction remains subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, along with the satisfaction of other customary closing conditions.
    (Buckeye Technologies Inc.)
     
    15.08.2013   Managing Director of Vallviks Bruk leaves    ( Company news )

    Robert Jensen, the Managing Director of Vallviks Bruk, which forms part of the Rottneros Group, is at his own request leaving his post. He has been MD of Vallviks Bruk since 2009. Carl-Johan Jonsson (CEO and Group President of Rottneros) has been appointed acting MD.
    (Rottneros AB)
     
    15.08.2013   NewPage Reports Second Quarter 2013 Financial Results    ( Company news )

    Company news Results in line with expectations despite lower North American demand
    Strong liquidity position as the company enters the second half of 2013

    Picture: George F. Martin, president and chief executive officer for NewPage

    NewPage Holdings Inc. (NewPage) reported its financial results for the second quarter of 2013.
    Net sales in the second quarter of 2013 were $720 million compared to $759 million in the second quarter of 2012. The decrease was primarily the result of lower sales volume and lower average paper prices, partially offset by improved mix.
    Net loss in the second quarter of 2013 was $13 million compared to net income of $84 million in the second quarter of 2012. The change in results was driven by bankruptcy-related items in the prior-year quarter, primarily associated with the reversal of $115 million of interest expense on the pre-petition debt.
    Operating cash flows in the second quarter of 2013 were $19 million, which included $16 million of bankruptcy-related payments. Operating cash flows in the second quarter of 2012 were $96 million, which included $12 million of bankruptcy-related payments and $63 million representing 2011 post-petition First Lien Notes interest that was reversed into income as it was re-characterized as a principal reduction. For the six months ended June 30, 2013, the company used $23 million of cash in operations, which included $58 million of bankruptcy-related payments. For the six months ended June 30, 2012, the company used $48 million of cash in operations, which included a $38 million interest payment on pre-petition debt and $34 million of other bankruptcy-related payments. Any remaining bankruptcy-related payments are not expected to be significant.
    Adjusted EBITDA (see reconciliation of net loss to EBITDA and Adjusted EBITDA below), was $50 million in the second quarter of 2013 compared to $57 million in the second quarter of 2012.
    "The results for the second quarter and first half of the year were in line with our expectations. Lower costs offset the impact of weak North American demand and lower pricing for our coated paper products," said George F. Martin, president and chief executive officer for NewPage. "We continue to align our product offerings to meet the changing needs of our customers and believe we are well positioned for the current competitive environment, with a highly efficient cost structure and a flexible, strategically placed mill platform."
    NewPage ended the second quarter with $271 million of available liquidity, consisting of $267 million of availability under the revolving credit facility and $4 million of available cash and cash equivalents. "The company did an excellent job optimizing working capital during the second quarter," said Jay A. Epstein, senior vice president and chief financial officer. "On July 15, 2013, we received confirmation from the Wisconsin Department of Natural Resources that our financial position meets the requirement of adequate financial assurance related to certain landfill obligations. This confirmation will improve our available liquidity as it results in the release of approximately $20 million in letters of credit issued under the revolving credit facility."
    Lower year over year prices reflect the continuing decline in demand for printing and writing paper. Reported industry shipments of printing and writing paper in North America were down approximately 4%, in line with the company's volume decline during the second quarter.
    Costs declined during the second quarter on a year over year basis. Decreased volume and lower depreciation and maintenance expense were offset somewhat by inflation, which was lower than expected for the quarter driven largely by lower latex prices and lower wood costs.
    "We have four of our five major outages behind us and our mills are running well in preparation for the seasonally stronger second half of the year. Seasonal strength, the impact of our announced pricing actions and continued benefit from cost initiatives we put in place in the first half should help drive improved performance in the second half of the year," Martin concluded.
    (NewPage Corporation)
     
    15.08.2013   Ahlstrom interim report January-June 2013: Net sales and profitability improved slightly    ( Company news )

    Company news This is a summary of Ahlstrom's January-June 2013 interim report.

    Picture: Jan Lang, President & CEO

    Continuing operations April-June 2013 compared with April-June 2012
    -Net sales EUR 265.0 million (EUR 261.6 million).
    -Operating profit EUR 6.4 million (EUR 4.0 million).
    -Operating profit excluding non-recurring items EUR 7.9 million (EUR 7.4 million).
    -Operating margin excluding non-recurring items 3.0% (2.8%).
    -Profit / loss before taxes EUR -3.5 million (EUR -3.3 million).
    -Earnings per share EUR -0.12 (EUR -0.11).

    April-June 2013 in brief
    -Net sales and profitability improved from the comparison period.
    -Ahlstrom completed the first phase of the combination of its Label and Processing business in Europe with Munksjö AB. The combination created a new global leader in high-quality specialty papers listed on the NASDAQ OMX Helsinki stock exchange. The second phase, Coated Specialties in Brazil, is expected to be completed in the second half of 2013.
    -The company continued to launch new products including Ahlstrom Captimax(TM), a new best-in-class fuel filter material for passenger and commercial heavy-duty vehicles and off-road machinery.

    Continuing operations January-June 2013 compared with January-June 2012
    -Net sales EUR 520.3 million (EUR 521.9 million).
    -Operating profit EUR 14.7 million (EUR 14.6 million).
    -Operating profit excluding non-recurring items EUR 14.4 million (EUR 17.9 million).
    -Operating margin excluding non-recurring items 2.8% (3.4%).
    -Profit before taxes EUR 0.1 million (EUR 2.1 million).
    -Earnings per share EUR -0.09 (EUR -0.06).

    Outlook for 2013
    The outlook published on January 31, 2013 remains unchanged. Net sales from continuing operations are expected to be EUR 980-1,140 million. The operating profit margin excluding non-recurring items from continuing operations is expected to be 2-5% of net sales.

    Jan Lång, President & CEO:
    - Our sales and operating profit excluding non-recurring items improved slightly from the comparison period, but our performance did not yet meet the targets we have set, despite the significant efforts we have taken to restructure our product portfolio and renew our way of working. To enhance our competitiveness, we have today announced a rightsizing program, which aims at reducing our annual cost base by EUR 35 million in the next 18 months. We need to adjust our cost base to reflect the size and scope of our business now that the Label and Processing demerger in Europe has been completed. This will unfortunately impact the employment of about 350 people globally.
    - Advanced Filtration continued to perform well in the second quarter. The integration of Munktell, which we acquired last October, is also progressing well. Transportation Filtration performed steadily, but there was surprising volatility in North American demand despite the continued recovery of the U.S. economy. The organizational adjustments to deliver more efficient execution and improve performance in Food and Medical have also been completed.
    - We can also improve profitability by strengthening our product pipeline and bringing new differentiated products to the market more quickly. We have already good examples from the new launches this year, which include Ahlstrom Captimax (TM) announced in the second quarter.
    (Ahlstrom Corporation)
     
    15.08.2013   Jungheinrich Posts Strong Second Quarter in 2013     ( Company news )

    Company news World Material Handling Equipment Market Grows by 4 Per Cent/Order Books Greatly Improved/Forecast for 2013 Confirmed

    Following the moderate start to the 2013 financial year, the Jungheinrich Group picked up the pace in terms of both incoming orders and earnings in the second quarter. In the first half of 2013, consolidated net sales nearly matched last year's corresponding level. Demand improved continuously from April to June 2013. Proof of the good order books is provided by the 31 per cent increase in orders on hand since the end of December 2012. The Board of Management confirms its forecast for the fiscal year underway.

    Irrespective of the sluggish recovery of the global economy, the world material handling equipment market grew by 4 per cent in the first half of 2013, encompassing 507.8 thousand forklift trucks compared to 489.2 thousand units in the same period last year. Demand in Europe was down by 2 per cent. Western Europe experienced a decline of 3 per cent, whereas Eastern Europe's market volume expanded by 5 per cent. The Asian market was enlarged by 4 per cent, to which China contributed a gain of 8 per cent. The North American market experienced another marked increase, growing by 10 per cent.

    In the first half of 2013, the value of the Jungheinrich Group's incoming orders, encompassing all business fields, was slightly higher year on year, amounting to 1,169 million euros (prior year: 1,140 million euros). In the second quarter of 2013, incoming orders rose by 4 per cent over the figure recorded in the same period last year (560 million euros) to 582 million euros. As of June 30, 2013, orders on hand from new truck business totalled 391 million euros and were thus 93 million euros, or 31 per cent, higher than at the end of 2012. The order reach was in excess of four months.

    Due to amendments to IFRS accounting policies and changes in disclosure to increase the transparency of reporting from January 1, 2013 onwards, Jungheinrich adjusted the comparable figures for the 2012 financial year. On a like-for-like basis, net sales in the second quarter of 2013 amounted to 564 million euros and were thus essentially unchanged compared to the same period last year (562 million euros). Cumulatively, consolidated net sales totalled 1,078 million euros in the first half of 2013, nearly matching last year's comparable figure (1,095 million euros). In Germany, net sales declined by 2 per cent to 289 million euros in the first six months of 2013 (prior year: 294 million euros). Foreign net sales also decreased by 2 per cent, to 789 million euros (prior year: 801 million euros).

    The marginal drop in net sales at the Group level is due to a decline in net sales in new truck business, whereas net sales generated from trucks for short-term hire and used equipment as well as after-sales services displayed a positive development. In the first half of 2013, the Jungheinrich Group posted 551 million euros in net sales from new truck business (prior year: 573 million euros). Overall, the short-term hire and used equipment business grew by 7 per cent to 195 million euros (prior year: 183 million euros). After-sales services recorded a gain of 4 per cent, advancing to 343 million euros (prior year: 331 million euros).

    In the second quarter of 2013, the Jungheinrich Group increased its earnings thanks to the rise in plant capacity utilization compared to the preceding quarter. Earnings before interest and taxes (EBIT) in this period amounted to 46.1 million euros (prior year: 44.7 million euros). In the first six months of 2013, cumulative EBIT totalled 82.1 million euros (prior year: 85.5 million euros). By the middle of the year, the corresponding return on sales was 7.6 per cent, falling just short of the figure recorded by the same point in time last year (7.8 per cent). Net income amounted to 27.4 million euros in the second quarter of 2013 (prior year: 28.7 million euros) and totalled a cumulative 49.3 million euros in the first half of 2013 (prior year: 54.1 million euros). Accordingly, earnings per preferred share in the first half of 2013 amounted to 1.48 euros (prior year: 1.62 euros).

    The Jungheinrich Group's balance sheet total declined by 35 million euros and amounted to 2,724 million euros as of June 30, 2013 (12/31/2012: 2,759 million euros). The equity ratio rose to 28.2 per cent (12/31/2012: 27.3 per cent). Intangible and tangible assets were up 34 million euros to 388 million euros. This reflected the first-time consolidation of the logistics software firm ISA – Innovative Systemlösungen für die Automation GmbH and the strategic capital expenditure projects designed to expand capacity.

    As regards the remaining business trend in the year underway, Jungheinrich continues to expect the world economy to record moderate growth. Against this backdrop, the company anticipates that the world material handling equipment market will post marginal growth for 2013 as a whole. From a current perspective, Europe's market should post a nearly stable development. Jungheinrich expects Asia's market to expand this year, primarily driven by the tangible recovery of China´s market that is setting in. The North American market is expected to continue its significant growth.

    Says Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG: "Based on the economic forecasts, the anticipated developments on the world material handling equipment market and the visible upward order trend which has persisted since the beginning of the year, we are confident of being able to achieve incoming orders and net sales in 2013 of an order similar to last year's. In terms of EBIT, we confirm our estimate of between 165 and 175 million euros."
    (Jungheinrich Aktiengesellschaft)
     
    14.08.2013   ARAUCO's Valdivia pulp mill implements Biomass Dryer, only one of its type in Chile    ( Company news )

    Company news Last February, ARAUCO implemented a unique piece of equipment in its Valdivia pulp mill in Chile, in order to reduce the moisture level and improve the quality of the biomass that feeds that facility’s power boiler. The new equipment has produced excellent results, positioning the company as a reference point at the national level.
    “For a while now, we’ve been searching for a way to improve the process that will allow us to deliver better product quality in terms of moisture, to our power boiler. We knew that if we were able to dry our bark, as well as third party bark, we could improve the production of steam and at the same time, reduce the use of bunker fuel nº6 in the boiler, a vital factor in winter”, explains Manuel González, Production Assistant Manager.
    The Biomass Dryer was commissioned during the year. This piece of equipment was part of the facility project termed “Increase Steam Production in the Power Boiler”, in order to find a way to avoid the use of oil fuel during the winter months due to the high moisture content of biomass.
    “The biomass dryer consists of a belt that transports the bark. When coming in contact with hot air, the moisture is extracted from the biomass. The hot and dry air is heated by secondary energy, which in our case is a surplus of the condensate to generator in the Evaporators. The condensate goes through exchangers that preheat the air and at the same time, cool the condensate, which also improves its temperature, and then it goes to the effluents treatment plant”, adds Manuel González.
    (Celulosa Arauco y Constitución S.A.)
     
    14.08.2013   Voith expands portfolio for pulp drying    ( Company news )

    With a further-developed press fabric, Voith is expanding its clothing portfolio for pulp production. Voith already delivers entire pulp drying machines, from the headbox and the innovative vertical dryer section to the cross-cutter and bale packing – the forming fabrics and roll covers from Voith are now supplemented by the further-developed CellFlex VMax press fabric.
    Along with the well-known roll covers such as SolarFlow or MegaFlow, Voith also offers a broad range of different press fabrics for pulp production. The CellFlex VMax press fabric has been developed to provide a particularly long-lasting and continuous dewatering capacity. CellFlex VMax press fabrics are already in use worldwide and help pulp producers significantly improve their production.
    The entire portfolio is perfectly coordinated. Voith offers pulp producers all the forming fabrics, press fabrics and roll covers they need from a single source. The right combination of press fabric and forming fabric from Voith can powerfully increase pulp production. These innovative solutions from Voith for pulp production are successfully used worldwide.
    (Voith Paper GmbH & Co KG)
     
    14.08.2013   POLAR at Labelexpo Europe 2013    ( Company news )

    Company news Picture: POLAR CuttingSystem 160

    At the Brussels-based LabelExpo from 24 to 27 September this year, POLAR's stand (7K130) will present solutions which ensure an efficient label production.
    POLAR offers not only stand-alone components for small and medium-size runs, but also in-line systems for the industrial label production, such as revenue stamps, bottle labels, can labels etc. Whether you need square-cut or die-cut labels, every POLAR machine represents short set-up time, easy operation and uncompromising production quality.
    Apart from a POLAR CuttingSystem composed of a stack lift, automatic jogger and high-speed cutter, POLAR will show its solo die-cutter DC-M. Stack lift LW 1000-4 automatically raises the material to the perfect working height for the operator. The material can be easily loaded onto automatic jogger RA-2 and precisely aligned. Since the jogger is equipped with a sheet counting scale cutting reams can be produced in precise quantities.
    High-speed cutter N 92 PRO includes a swivel backgauge (which compensates for inaccurate materials or helps, if the printed image is not correctly arranged on the sheet), as well as a downholder in front of the knife (which increases efficiency by reducing the manipulation of the material). The cutting programs are generated via P-Net service Compucut® off the cutting machine. In this way, the time to set up the cutting program is reduced to practically zero. Solo die-cutter DC-M then gives the products their final shape. The individual label stacks are manually inserted into the die-cutting machine, aligned on all four sides and then die-cut with maximum quality.
    (POLAR-MOHR Maschinenvertriebsgesellschaft GmbH & Co. KG)
     
    14.08.2013   RockTenn CEO Jim Rubright to Retire, COO Steve Voorhees to Become CEO; Ward Dickson to...    ( Company news )

    ... Join as CFO; Stephen Felker to Become Chairman of the Board; Voorhees and Jenny Hourihan Elected to Board

    RockTenn (NYSE:RKT) announced that Jim Rubright will retire as chief executive officer and a director on Oct. 31, 2013. Steve Voorhees, chief operating officer of RockTenn, will become chief executive officer upon Rubright's retirement. Voorhees joined RockTenn as chief financial officer in 2000 and became chief financial officer and chief administrative officer in 2008, and president and chief operating officer in January 2013.
    Ward Dickson will join RockTenn on Sept. 16, 2013, as executive vice president and chief financial officer with responsibility for finance, information technology and procurement. Dickson currently serves as senior vice president of finance for the global sales and service organization of Cisco Systems. Dickson formerly served in financial roles at Scientific Atlanta and General Electric.
    Stephen Felker, RockTenn's lead independent director and soon-to-be board chairman stated, "RockTenn will lose a remarkable CEO with Jim Rubright's retirement from the company. Under Jim's leadership, RockTenn has grown to become a highly respected leader in the paper and forest products industry. RockTenn's share price has increased more than eight fold and with dividends earned a compound annual return of 18.6 percent — for 14 years."
    Rubright stated, "I'm glad to be able to leave RockTenn with a strong and talented leadership team. Steve Voorhees has been instrumental in developing and executing our process improvement and acquisition strategies since he joined RockTenn in 2000 and is a great choice to lead our company. We are also pleased to have Ward Dickson join our team, bringing his proven leadership talent and extensive experience in finance, sales and service. These two proven leaders have demonstrated throughout their careers the same commitment to excellence and customer service that consistently produces outstanding results for RockTenn's customers and shareholders."
    Felker will become chairman of the board of the company for a two-year term commencing with Rubright's retirement from the company. Felker is the former chairman and chief executive officer of Avondale, Inc. and has served on RockTenn's board of directors since 2001.
    RockTenn also announced that Voorhees and Jenny Hourihan have been elected to the board of RockTenn. Hourihan is the chief executive officer of ORBIS International, an international nonprofit organization that works in developing countries to save sight. Hourihan served as chief financial officer of Pro Mujer International, an international development organization offering microfinance, health services and training to over 300,000 clients in Latin America. Hourihan previously served as managing director and sector head of the Paper and Forest Products Group at Bank of America and in other investment roles at Merrill Lynch and the Salomon Smith Barney unit of Citigroup.
    (Rock-Tenn Co)
     
    14.08.2013   US Corp join AIMED    ( Company news )

    Company news Following on from their impressive sales success, Intec Corporation based in Florida USA, have joined AIMED.

    AIMED serves as the ONLY association of Independent Dealers in the mailing, logistics and electronic document management/business communications industry.
    Their purpose is to provide profitable growth for the entire dealer channel.
    As a member, Intec Corporation will be provided with the opportunity to network and raise awareness of the Intec product range, through conferences, and seminars, to learn and help grow the businesses.

    This is a fantastic opportunity for Intec Corporation to ensure they stay up to date with the market.
    (Intec Printing Solutions Corporation, North Tampa Business Center)
     
    14.08.2013   AVERY DENNISON CREATES A GLOBAL CLIENT SERVICE LABORATORY     ( Company news )

    Company news Facility supports UL® mark certification testing for durable goods labelling

    Picture: Defacement is one of many tests conducted in Avery Dennison's Global Client Services Laboratory when qualifying label materials for UL standard 969 and CSA standard C22.2 No. 0.15 certification. (Photo: Avery Dennison, PR171)

    Avery Dennison has created a new Global Client Service Laboratory that will help customers reduce the time to market for new durable label products by accelerating the Underwriters Laboratory (UL) certification process. The certification scope includes UL standard 969 and CSA standard C22.2 No. 0.15 for nameplates and safety labels.

    “With this UL-certified lab, we have everything needed to conduct testing equivalent to what is done in UL’s laboratories, and address our customers’ need for a faster certification process,” said Hoa Pham, technical manager, durables, Label and Packaging Materials, Avery Dennison.

    The UL-certified laboratory is located at Avery Dennison’s Innovation Center in Mentor, Ohio, USA. As part of the process, a series of tests are conducted on all substrates, inks and ribbons being considered for use in the production of the label, including legibility, defacement, chemical exposure, accelerated weathering, humidity exposure, oven aging, adhesion and abrasion. The tests certify the label material has passed rigorous processes and ensure the performance of the label will be permanent and legible once attached to a product – even under extreme conditions.
    The Global Client Service Laboratory is an expansion of Avery Dennison’s commitment to creating programs that assist converters in obtaining UL certification in a cost-effective, efficient manner.

    "The Global Client Service Laboratory offers a streamlined, timely process to qualify durable label products for UL certification, that can support customers based both inside and outside the US in getting their developments to market for sale,” said Denis Markov, marketing manager, durables, Avery Dennison Label and Packaging Materials – Europe.
    (Avery Dennison Label and Packaging Materials Europe)
     
    14.08.2013   With recent pulpmill expansion, China has surpassed Japan to become ...    ( Company news )

    ... the world’s largest importer of hardwood chips, reports the Wood Resource Quarterly

    Major expansion of pulp manufacturing capacity in China the past five years has resulted in a dramatic increase in the importation of wood chips to supply the new pulp mills, and the country became the world’s largest importer of hardwood chips in the 2Q/13, reports the Wood Resource Quarterly. Australia, Indonesia, Thailand and Vietnam are the major suppliers of wood chips, with Vietnam accounting for over 50% of the imported supply.

    Growing demand for paper in China has not only forced the country to import large volumes of pulp to supply the country’s paper machines, but also resulted in investments in new pulp production within China. Because of a lack of competitively priced wood fiber in China, the two pulp companies with the largest pulp mills in the country, Asia Pacific Resources International Ltd (APRIL) and Asia Pulp and Paper (APP), are procuring much of their wood fiber needs from out-of-country sources. As a consequence, importation of wood chips to China has surged the past few years.
    In just five years, the import value for wood chips has increased from 180 million dollars in 2008 to 1.3 billion dollars in 2012, and this year the estimated import value could be close to 1.5 billion dollars, according the Wood Resource Quarterly
    (www.woodprices.com).
    It has only been a matter of time before China became the largest importer of hardwood chips in the world. In the 2Q/13, China surpassed Japan with the record importation of almost 2.4 million m3 of chips.
    Although there have been sporadic shipments of chips from Latin America, Malaysia and South Africa during 2012 and 2013, there are really only four countries that have been supplying China with wood fiber the past few years. Those countries are Australia, Indonesia, Thailand and Vietnam, with Vietnam accounting for over half of the total import volume.
    Another interesting development is that the average cost of imported wood chips has declined by almost six percent from the 2Q/12 to the 2Q/13, as reported in the WRQ. The biggest price decline has been in Australian chips, which have fallen over 11 % in one year. Because of this price drop, in the 2Q/13, Australia exported its highest quarterly volume to China since 2010.
    With the continued plans to expand domestic pulp manufacturing in China it, can be expected that shipments of wood chips, both softwood and hardwood, is going to increase in the coming years.
    (WRI Wood Resources International LLC, Wood Resource Quarterly (WRQ))
     
    14.08.2013   Cantilevered Narrow Web Tension Measurement Roll    ( Company news )

    Company news HAEHNE is enlarging its product program with a new flexible product range of cantilevered measurement rolls: MWFM. The most important advantage of the MWFM that many different variations it can be assembled from a limited number of standard parts. This results in shorter delivery times with corresponding lower manufacturing costs. The major features include:

    - Roll lengths between 250 and 400 mm
    - Nominal forces range from 100 to 1000 N for each roll length
    - One standard mounting flange is suitable for axial and the radial cable exit

    The measuring roll is especially suited for web tension measurement in narrow web machinery with cantilevered narrow web rolls. The MWFM is especially designed for applications in restricted space conditions or where a good access to the processed material is necessary. The MWFM is particularly
    well suited for new machine designs with single-sided machine frames, for instance for label machines for tags or capacitor foils.
    The basic version of the MWFM is "aluminum belt ground roll surface". On the requests other roll surfaces and materials are available for instance such as hard coated, anodized, plasma coated, hard chrome plated.
    (Haehne Elektronische Messgeräte GmbH)
     
    13.08.2013   Glatfelter Comments on Mill Fire in Gatineau, Canada    ( Company news )

    Glatfelter (“Glatfelter”) (NYSE:GLT) announced that it has completed a preliminary assessment of the damage resulting from an August 7, 2013 fire at its facility in Gatineau, Canada. The fire partially damaged one of the two airlaid lines at the facility. There were no injuries or environmental impact. The damaged airlaid line is expected to be down approximately two to four weeks.
    The finishing and shipping operations were not impacted by the incident and shipment of customer orders resumed within 24 hours. Due to capacity available at Glatfelter’s other airlaid facility in Germany, the Company expects this incident will have a modest impact on third quarter shipments reducing them by approximately 600 to 1,000 metric tons. The Company is working with customers to minimize the impact of this interruption.
    An assessment of the costs for the impact of inventory loss, equipment damage, and clean up is underway. Based on its preliminary assessment, the Company expects no significant financial impact from this incident as it is expected to be covered by insurance, subject to a deductible of $750,000. However, there may be an impact on third quarter results due to lower shipments and the timing of recognizing the business interruption portion of the insurance recovery under the applicable accounting standards.
    The Gatineau mill produces absorbent nonwoven materials on two airlaid machines for the feminine hygiene and specialty wipes markets. Approximately 265 Glatfelter employees work in this mill.
    (Glatfelter Corporate Headquarters)
     
    13.08.2013   Wausau Paper Reports Second-Quarter Results    ( Company news )

    Company news Picture: Henry C. Newell, President and Chief Executive Officer

    Second-Quarter Highlights

    Strategic Repositioning
    -The Company completed the sale of its specialty paper business on June 26, resulting in net cash proceeds, subject to certain post-closing adjustments, of approximately $105 million after settlement of transaction-related liabilities, transaction costs and taxes.
    -Net transaction proceeds were immediately used to eliminate the then approximately $67 million outstanding balance on the Company’s revolving-credit facility.

    Tissue Expansion
    -The Company launched its new Green SealTM DublNature® family of premium away-from-home towel and tissue products produced from its new ATMOS technology-enabled Harrodsburg, Kentucky, paper machine on May 20, with 16 new products in tissue, roll and folded towel available to the market during the second quarter.

    Financial Results
    -Due to the completed sale and the first-quarter closure of its former manufacturing facility in Brainerd, Minnesota, financial performance of the former Paper segment, including an after-tax impairment charge of approximately $40.1 million as a result of the second-quarter sale, is reported as discontinued operations.
    -Including a loss of $0.81 per share from discontinued operations, net of tax, the 2013 second quarter net loss was $1.11 per share.
    -On a reported basis, the second quarter 2013 results from continuing operations was a net loss of $0.30 per share.
    -Results of continuing operations reflect the impact of the start-up of the new Harrodsburg manufacturing and converting capabilities, as well as manufacturing and inventory transition in support of the new products related to the $220 million Tissue expansion project.

    Henry C. Newell, president and CEO, commented, “Completing the sale of the specialty paper business represents significant progress on our strategic repositioning efforts as a company focused on tissue. We launched a new family of towel and tissue products in the second quarter and will introduce a range of new ATMOS-based product additions over the coming quarters. We remain committed to our growth expectations, delivering six percent case shipment growth in our tissue business by the fourth quarter of 2013.”

    2013 SECOND-QUARTER AND SIX-MONTH RESULTS
    Continuing Operations
    The following second-quarter and six-month discussion contain comparisons of financial elements including adjusted EBITDA, adjusted EBITDA margin, adjusted net earnings and adjusted net loss. These presentations are not in accordance with generally accepted accounting principles (GAAP). The Company believes that the presentation of select non-GAAP measures provides a useful analysis of ongoing operating trends. Please refer to the attached Reconciliation of Non-GAAP Financial Measures.
    Excluding special items, the second quarter resulted in an adjusted net loss of $2.4 million, or $0.05 per share. Prior-year second-quarter performance, excluding special items, was adjusted net earnings of $2.7 million, or $0.05 per share. On a reported basis, the second quarter was a net loss of $0.30 per share compared to net earnings of $0.01 per share a year ago.
    The first half of 2013, excluding special items, resulted in an adjusted net loss of $6.2 million, or $0.12 per share, compared to prior-year first half net earnings, excluding special items, of $5.5 million, or $0.11 per share.
    On a continuing operations basis, adjusted EBITDA and EBITDA margin for the second quarters of 2013 and 2012 were $8.8 million, or a 10.1 percent, and $13.0 million, or a 14.7 percent, respectively. On a year-to-date basis, adjusted EBITDA and EBITDA margin was $14.8 million, or a 8.9 percent in 2013 compared to $25.2 million, or a 14.8 percent in 2012. The Company is targeting an adjusted EBITDA margin on a consolidated basis between 16 and 18 percent by the end of the fourth quarter of 2013. Previous adjusted EBITDA margin targets were presented for the Tissue business only and, on a pro forma basis, those targets are a range of 21 to 23 percent in the fourth quarter of 2013.
    Second-quarter net sales for 2013 were $87.6 million, a decrease of approximately 1 percent compared to $88.6 million reported for the second quarter of 2012. On a year-to-date basis, net sales were down nearly 3 percent in 2013 at $165.8 million compared to $170.4 million in 2012. After a relatively flat first quarter, case shipment volume in the second quarter improved 2.4 percent over the prior-year period resulting in year-to-date growth of 1.3 percent. Volume in the support product categories continued to be strong, increasing approximately 4 percent over the prior-year’s second quarter and first half. Volume in strategic product categories was relatively flat over the prior-year second quarter after declining by approximately 3 percent in the first-quarter comparison. Overall, the Company is expecting case growth to improve as the full line of premium DublNature® products is available to the away-from-home market in the third quarter, with targeted fourth-quarter growth above 6 percent year-over-year.
    The normalized effective income tax rate for the Company is expected to be approximately 37 percent. Due to the sale of the specialty paper business, additional income tax expense, net of federal tax benefit, of approximately $12.4 million was recognized in the second quarter primarily because approximately $12.0 million of certain state income tax credit carryforwards are not expected to be utilized in future years.

    Discontinued Operations
    During the second quarter of 2013, the Company completed the sale of its specialty paper business, including its manufacturing facilities in Mosinee and Rhinelander, Wisconsin. This transaction, combined with the first-quarter closure of the technical specialty paper mill in Brainerd, Minnesota, results in the Company’s former Paper segment being reclassified as a discontinued operation and therefore is presented separately from continuing operations in all periods presented in the condensed consolidated statements of operations.
    For the second quarter of 2013, discontinued operations resulted in a loss, net of tax, of $40.2 million, or $0.81 per share, compared to a loss of $1.6 million, net of tax, or $0.03 per share, for the second quarter of 2012. Included in the loss, net of tax, in the second quarter of 2013 is an after-tax impairment charge related to the disposition of assets of approximately $40.1 million, or $0.81 per share, and after-tax closure-related costs of $3.1 million, or $0.06 per share, offset by earnings from operations, net of tax, of $2.9 million, or $0.06 per share.
    For the first half of 2013, discontinued operations, net of tax, resulted in a net loss of $66.1 million, or $1.34 per share. In addition to the impairment charge and closure-related costs recorded in the second quarter of 2013, the first-half results include $27.9 million, or $0.57 per share, in after-tax charges related to the closure of the Brainerd mill offset by after-tax results of operations of $5.0 million, or $0.10 per share. The prior-year six-months included a gain on the sale of the business of $7.7 million, net of tax, or $0.16 per share, and net earnings from operations of $0.8 million, net of tax, or $0.01 per share.
    (Wausau Paper Towel & Tissue)
     
    13.08.2013   POWERFLUTE INTERIM RESULTS 2013    ( Company news )

    Powerflute Oyj ("Powerflute" or the "Group") announces its interim results for the six months ended 30 June 2013. Powerflute is quoted on the AIM market of the London Stock Exchange (Ticker: POWR).

    HIGHLIGHTS
    · Revenue up 15% to €66.3 million (2012: €57.7 million)
    · Underlying EBITDA up 50% to €8.0 million (2012: €5.3 million)
    · Profit before tax up 140% to €5.2 million (2012: €2.1 million)
    · Basic earnings per share increased to 1.4 cents (2012: 0.5 cents)
    · Refinanced €20m bank facilities extending maturity to March 2016
    · Dividend of 1.3 cents per share paid in May 2013
    · Forward order book remains strong

    Commenting on the results, Dermot Smurfit, Chairman of Powerflute, said:
    "The Group performed well during the first half of the year, with volumes, revenues and profits all ahead of the same period of the prior year. This outcome reflects both favourable market conditions in the first half and the realisation of benefits from capital investment projects completed in 2012.
    "Prices remained firm over the summer months despite the normal seasonal slowdown and we began the second half with a healthy forward order book. The Board expects that the current momentum will be maintained and that the Group will be cash generative during the second half.
    "We believe there is still scope for further improvement in our existing businesses and we continue to explore opportunities to grow through targeted acquisitions. The Group remains in a strong financial position and is well placed to take advantage of opportunities as they arise."
    (Savon Sellu Oy)
     
    13.08.2013   Jeanne Hillman Appointed Chief Accounting Officer for Weyerhaeuser    ( Company news )

    Weyerhaeuser Company (NYSE: WY) announced the appointment of Jeanne M. Hillman as vice president and chief accounting officer for the company, effective Aug. 5, 2013. Hillman succeeds Jerald W. Richards, who recently resigned from his position to become chief financial officer at Potlatch Corporation.
    “Jeanne is an experienced leader with tremendous financial expertise,” said Patty Bedient, executive vice president and chief financial officer. “The knowledge she gained supporting our businesses for the past three years will serve her well as she expands her role to include the responsibilities of this critical position for the company.
    “Jerry has been an outstanding member of the Weyerhaeuser team, and while we are sorry to see him go, we wish him the very best in his new role,” Bedient added.

    About Jeanne Hillman
    Jeanne M. Hillman was Weyerhaeuser’s vice president and controller for operations since 2010. Prior to that role, she served as the company’s vice president and chief accounting officer from 2006 to 2010. Hillman joined the company in 1984 and has held various finance positions with the company. Before joining the company, she was employed by Ernst & Young LLP. She is a CPA in the state of Washington.
    (Weyerhaeuser Company)
     
    13.08.2013   FSC Ends Association with the APRIL Group    ( Company news )

    Effective 7 August 2013, the Forest Stewardship Council has ended all association with the APRIL Group, including the immediate termination of all Trademark License Agreements (TLA).
    This decision follows the withdrawal of APRIL companies from FSC Chain of Custody certification, which FSC was notified about after a complaint had been filed in May 2013. The complaint by Greenpeace International, Rainforest Action Network and WWF Indonesia alleged the APRIL Group was in violation of FSC’s Policy for Association.
    According to a statement by APRIL published on 24 June 2013, the withdrawal was based on their “concerns about the FSC’s Policy for Association.” APRIL further acknowledged in writing that they “expect the Policy for Association criteria would exclude APRIL and companies associated with it from FSC certification.”
    With the termination of the remaining association with APRIL, FSC has now also closed the complaint filed by the environmental NGOs.
    In the future, before FSC re-enters into a new association with APRIL a robust due diligence process would be required. Because of the allegations made by the environmental NGOs in their complaint, which were in part acknowledged by APRIL, any company linked to APRIL – including companies tied to the Royal Golden Eagle Group (of which APRIL is a part) – would be subject to scrutiny before being considered for FSC certification.
    The due diligence would consider the allegations made in the May 2013 complaint, as well as APRIL’s overall compliance with the FSC Policy for Association.
    (FSC Forest Stewardship Council, A.C.)
     
    13.08.2013   EXCITING DEVELOPMENTS HAPPENING AT INTEC    ( Company news )

    Company news As always we are pushing forward with new ideas and exploring new solutions to ensure we stay up to date with our customer’s needs, whilst continuing to provide high quality solutions for today’s print problems.
    Intec’s head office based in Poole, UK, is happy to announce exciting things are happening.
    Product developments are in full swing that will see a new RIP in September to accompany new ranges in the future.
    NEW PRODUCTS COMING SOON ...
    (Intec Printing Solutions Limited)
     
    13.08.2013   www.sig.biz: SIG Combibloc's website with a whole new look    ( Company news )

    Company news Systems manufacturer unveils new internet presence

    SIG Combibloc has given its website a makeover. At www.sig.biz, visitors are taken straight to the homepage of the global website, which has a modern, friendly look and an extremely user-friendly navigational structure.
    “Our aim was to create an internet presence that meets the information needs of a wide range of target audiences. And thanks to the visuals used, the page layout and design it is clearly arranged and easy to use. Due to the human touch it gets a particularly authentic feel”, says Sandra Hallaschka, Online Communications Manager at SIG Combibloc. As soon as they arrive at the homepage, visitors are presented with short teaser texts and a link to selected content pages. From the homepage, users are able to enter the site directly via the main navigation tool, giving them access to more detailed information about the company, the beverage and food packaging solutions and the technical services offered by SIG Combibloc, with just a few clicks. There are also separate sections on Environment and Career. And for journalists, the website provides news items relating to the company, neatly packaged. With a single click, users also have direct access to regional websites of SIG Combibloc.
    For the relaunch of the website, SIG Combibloc commissioned the agencies expeer GmbH in Bonn (programming) and Publicis Modem in Düsseldorf (concept and design). The new website has been designed and developed so that when accessed with mobile end devices such as smartphones and tablets, content is displayed clearly and legibly.
    One click and you are there: www.sig.biz
    (SIG Combibloc)
     
    12.08.2013   Get in Touch with Mondi at FachPack 2013    ( Company news )

    Company news Picture: ProVantage Kraftliner Aqua

    The international packaging and paper group will be showcasing its
    fullest range of products at a 380 sqm booth at FachPack this September.
    “Around the Mondi world in three days” will be the theme and a striking hot air balloon will hang from the ceiling as its centrepiece.
    Mondi will be showcasing an enlarged range of products from all business segments.
    “FachPack is one of the leading packaging trade shows and we have found it be a fantastic forum for connecting with new and existing customers and partners. We are presenting products from across our portfolio – from sophisticated consumer packag ing solutions to
    corrugated packaging and food safety solutions”, explains Albert Klinkhammer, Director of Marketing and Communication, Mondi Europe & International.
    Mondi’s product range has grown with the 2012 acquisitions of Nordenia and two Duropack plants.
    FachPack takes place between 24 and 26 September 2013, in Nuremberg, Germany, and visitors will be able to find Mondi at Hall 7 (Booth 7
    - 254/7 - 160).

    The latest products on display will include:
    -Stac-Pac®: an innovative, weather-resistant dispatch and storage container made from punched, heavy corrugated cardboard.
    -Aroprotex: new tailor-made aroma barrier to protect food from external influences and keep the aroma inside.
    -SmartID Bag: smart industrial bag equipped with its own serialised data matrix code for identification purposes.
    -PolyWoven Bag: new extremely durable, strong but also lightweight packaging with pinch bottom and an attractive all-over print.
    -ProVantage Kraftliner Aqua: new solution for packaging applications in very humid environments.
    -FIBROMER®: new sustainable alternative to other composites in many sectors, including automotives and furniture.

    As Mondi’s product range is now so extensive, a new marketing line called IN TOUCH EVERY DAY will be unveiled at FachPack. “Our claim will illustrate how we connect with millions of people every day through our broad range of products that are in use across the
    world,” says Albert Klinkhammer, Director of Marketing and Communication, Mondi Europe & International.
    As well as exhibiting its products, Mondi will also be hosting a series of Speaker Corner sessions on topical subjects such as
    mineral oil migration and counterfeiting. All business partners will be welcome to attend the sessions and join in the discussions.
    (Mondi Europe & International Division)
     
    12.08.2013   Tembec reports financial results for its third quarter ended June 29, 2013    ( Company news )

    Company news Picture: James Lopez, President and Chief Executive Officer

    Consolidated sales for the three-month period ended June 29, 2013, were $399 million, as compared to $415 million in the same quarter a year ago. The Company generated a net loss of $4 million or $0.04 per share in the June 2013 quarter compared to a net loss of $5 million or $0.05 per share in the June 2012 quarter. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $30 million for the three-month period ended June 29, 2013, as compared to adjusted EBITDA of $27 million a year ago and adjusted EBITDA of $24 million in the prior quarter.

    Business Segment Results
    -The Specialty Cellulose Pulp segment generated adjusted EBITDA of $19 million on sales of $120 million for the quarter ended June 29, 2013, compared to adjusted EBITDA of $14 million on sales of $120 million in the prior quarter. Demand for specialty grades was flat while US and euro prices were relatively unchanged quarter-over-quarter. However, with the Canadian dollar weakening by 1.4% versus the US dollar, Canadian dollar equivalent pricing increased by $9 per tonne. While viscose grade pricing improved, this market remains oversupplied and prices remain relatively low. Overall, pricing was favourable, improving adjusted EBITDA by $1 million. Mill manufacturing costs were unchanged quarter-over-quarter. The current quarter cost of sales was reduced by $1 million due to a favourable net realizable value increase on the carrying values of viscose grade finished goods inventories. This is the opposite of the prior quarter when cost of sales had absorbed a charge of $1 million related to the net realizable value of viscose grade inventories. Higher profitability in Chemicals increased adjusted EBITDA by $1 million.
    -The Forest Products segment generated adjusted EBITDA of $7 million on sales of $110 million for the quarter ended June 29, 2013, compared to adjusted EBITDA of $7 million on sales of $104 million in the prior quarter. Sales increased by $6 million due to higher lumber shipments. Market conditions were strong at the beginning of the quarter, but declined in May and June. US $ reference prices for random lumber decreased by US $48 per mbf while stud lumber increased by US $12 per mbf. This is a seasonally stronger period for stud lumber as the impact of the housing construction season is more pronounced on this grade of lumber. Currency was favourable as the Canadian dollar weakened versus the US dollar. The net effect decreased sales and adjusted EBITDA by $1 million or $4 per mbf. Lumber shipments were equal to 83% of capacity versus 76% in the prior quarter. Sawmill costs decreased by $2 million. The summer months are seasonally higher productivity and lower cost periods.
    -The Paper Pulp segment generated adjusted EBITDA of $3 million on sales of $106 million for the quarter ended June 2013, compared to adjusted EBITDA of $4 million on sales of $122 million in the prior quarter. The $16 million decrease in sales was due to lower shipments of Northern Bleached Softwood Kraft (NBSK) pulp, partially offset by higher shipments of high-yield pulp. In May 2013, the Company completed the sale of its remaining NBSK mill located in Skookumchuck, BC. During the most recent quarter, the mill generated sales of $23 million and adjusted EBITDA of $3 million. In the prior quarter, the mill had generated sales of $50 million and adjusted EBITDA of $6 million. Market conditions for paper pulp remained relatively weak although demand was stable. The benchmark price (delivered China) for NBSK increased by US $22 per tonne while reference prices for bleached eucalyptus kraft (BEK) increased by US $28 per tonne. Currency was also positive as the Canadian dollar weakened versus the US dollar. Overall, average paper pulp prices increased by $29 per tonne, improving adjusted EBITDA by $5 million. Paper pulp shipments were equal to 98% of capacity, unchanged from the prior quarter. Manufacturing costs increased by $3 million, primarily for energy at the NBSK mill and chemicals at the two high-yield pulp mills. Adjusted EBITDA was also negatively impacted by $4 million due to a volume variance associated with lower shipments of NBSK pulp.
    -The Paper segment generated adjusted EBITDA of $6 million on sales of $86 million for the quarter ended June 2013, compared to adjusted EBITDA of $5 million on sales of $87 million in the prior quarter. Lower newsprint shipments led to the $1 million decrease in sales. In terms of markets, coated bleached board improved slightly. The newsprint market weakened due to continued lower North American demand combined with the restart of previously idled capacity. The US $ reference prices for coated bleached board increased by US $33 per short ton while the US $ reference price for newsprint declined by US $8 per tonne. The weaker Canadian dollar was a positive. The net effect was a small increase in average coated bleached board price, increasing adjusted EBITDA by $1 million. Coated bleached board shipments were equal to 102% of capacity as compared to 97% in the prior quarter. The shipment to capacity percentage for newsprint was 91%, compared to 99% in the prior quarter. Manufacturing costs were relatively unchanged quarter-over-quarter with lower energy costs offset by higher fiber and freight costs.

    Outlook
    Overall, the June 2013 quarterly results were in line with expectations. The sharp decline in lumber prices was offset by a weaker than forecast Canadian dollar. While the Company had anticipated a price correction in lumber, the US $100 per thousand board feet decline between April and June was larger than expected. The very high prices in March and April led to increased supply at a time when none was required. Pricing has recently stabilized and some modest improvement is expected in the coming quarters, supported by a continued gradual recovery in United States new home construction. Specialty Cellulose Pulp segment results continue to be negatively impacted by a relatively high percentage of viscose grade shipments. While pricing for specialty grades remained stable, demand has been softer than anticipated. We continue to assess the market with our customers and are adjusting our production plans accordingly. We anticipate that it will be one or two quarters before we see an increase in demand for specialty grades. Market conditions for viscose grade pulp remained weak. The latter market is currently under pressure as new capacity is exceeding demand growth. The Company will continue to maintain a relatively modest exposure of 30,000 to 40,000 tonnes per year to the viscose market. The Paper Pulp segment had positive results, but the market remains relatively soft with no clear direction. While we have seen the implementation of small increment price increases, we expect new capacity will cause this market to remain challenging. Paper segment results were unchanged despite declining newsprint prices. Recently restarted newsprint capacity combined with continued declining North American demand have had a predictable effect on prices. The Company continues with its capital expenditure program, with a strong emphasis on its two specialty cellulose mills. The cornerstone of the program is the high-pressure boiler and turbine currently under construction at the Temiscaming, Quebec, site. The project will materially improve the mill’s cost structure and margins. A total of $113 million has been spent on the Temiscaming specialty cellulose project to the end of the June 2013 quarter. During the quarter, the Company closed the sale of the Skookumchuck, BC, NBSK pulp mill for cash proceeds of $97 million. This represents a milestone in the ongoing transformation plan as the Company no longer owns or operates a chemical grade paper pulp facility.
    (Tembec Inc.)
     
    09.08.2013   Metso's Pulp, Paper and Power business continues its cost reduction program to improve...    ( Company news )

    Company news ... competitiveness

    Picture: Pasi Laine (President, Pulp, Paper and Power, Metso’s EVP and Deputy to the CEO)

    Metso’s Pulp, Paper and Power business will continue its global cost competitiveness program launched in April 2013 (stock exchange release April 24, 2013) to adapt to changes in the marketplace. As part of the global program – which targets an annual cost reduction of approximately EUR 100 million by 2016 – the business will begin statutory negotiations on personnel reductions in several of its units serving especially the paper industry, but also the pulp industry.
    The Metso locations affected will be determined during the negotiation process. Negotiations will be commenced immediately, and will affect all personnel groups. In total the estimated amount of necessary headcount reductions are 750 positions primarily in Finland. Reduction measures will include e.g. redundancies, internal transfers, early retirement options, terminations of temporary contracts and temporary layoffs, closing of office and/or production locations, if so decided as part of the negotiation process. The reduction measures are expected to be implemented during the third quarter 2013.
    The target is to achieve savings of approximately EUR 50 million in annual operational costs as a result of the negotiations. It is estimated that the savings will be realized in full as of the third quarter 2014.
    The aim of the reduction measures is to bring production capabilities in line with current and expected demand, and secure the businesses’ global competitiveness over the longer term. A lighter operational cost structure and greater flexibility is essential.
    “We have already implemented some measures and need to continue with the cost savings to improve our competitiveness and profitability. Significant, permanent structural changes in our paper machinery business’ operating environment have impacted our operations and undermined our competitiveness and profitability. The demand for paper machinery is low and moving towards cheaper technology solutions”, says Pasi Laine, President of Metso’s Pulp, Paper and Power business.
    “The paper industry continues to be important to us as a business, despite the slowdown in the printing paper machinery market. Board and tissue consumption is continuing to grow moderately, and Metso’s large installed base will offer us opportunities to further develop our services business. A lighter cost structure will enable us to compete more effectively in the marketplace.”
    In Metso’s Fiber business line, that serves the pulp industry, measures are taken to improve competitiveness and profitability. More efficient use of common resources, connected to a move closer to major customers is therefore necessary.
    “Because of these reasons we unfortunately must take such strong measures affecting our employees”, Pasi Laine says.
    As part of the 100-million-euro cost competitiveness program the business carried out statutory negotiations on personnel reductions in its Power and Fabrics units globally earlier this year, resulting in annual cost savings of approximately EUR 25 million.
    (Metso's Pulp, Paper and Power segment)
     
    09.08.2013   The changing world of label printing    ( Company news )

    With the next edition of Labelexpo Europe around the corner, Mike Fairley looks at how label printing technology has changed over the years and considers some of the press investment decisions that label converters are facing today.
    It’s now more than 400 years since the first recorded printed labels were being produced. At that time they would have been printed on hand-made paper using relief letterpress type or images cut into wood or metal, with impression pressure applied through a wooden hand press and simple screw mechanism.

    The ‘Pre-‘ History of Labels
    It was a further two hundred years before much began to change. Yes, the hand presses were now being made of iron with a lever system to apply pressure, but the paper was still made by hand. However, by the early 19th century the industrial revolution was bringing significant changes to the world of printing – the first cylinder printing presses (powered by steam), the offset printing process, continuous papermaking machines.
    The 1800s also brought coated paper, the halftone process, colour printing – and a whole host of new label market application requirements that were to see the early beginnings of what we now call the label industry. These new 19th century applications included automatic volume production of standard-sized glass bottles and bottle filling lines, the first canning factories, the rapid growth of pharmacy products, labels on boxes, labels on luggage, labels on cigar boxes and bands, matchbox labels and all at this time now being printed on sheet-fed offset or letterpress presses.
    The first part of the 20th century saw the introduction of the first narrow-web presses for printing gummed and self-adhesive tape. The key innovations for the narrow-web printer were developments by Stan Avery that enabled self-adhesive materials to have a backing carrier and be cut to shape on the press. It was die-cutting materials on a liner that now enabled sticky labels to be produced on a roll. It was not long before press manufacturers such as Gallus, Nilpeter, and Mark Andy were producing the early dedicated roll-label letterpress and flexo presses.

    Late 20th Century: emergence of self-adhesive in Europe
    Later came narrow-web screen, hot-foil and combination process presses, UV-curing inks and more advanced plate-making technology. By the late 1970s self-adhesive labels had already attained a 7% share of the European label market – with all printing processes being used. Today, self-adhesive labels make up around 40% of label usage, fuelled by a whole host of technology and press innovations over the last thirty years that have enabled labels to be printed faster, on wider webs, using rotary and wrap-around tooling, servo-drive presses, and press controls that include web inspection, register control, colour management, and much more.
    Unbelievably, it was not until 1978 that the first retail bar codes were being produced for the Fine Fare Supermarket’s own label products, and the very first time that a velocity code was incorporated on the film masters for the production of the dark vertical bars on the codes. Today, bar codes are an essential element of every label sold through retail outlets across Europe.
    At this time bar coded labels for labelling fresh produce in store and at pre-packers was being undertaken with heat-sensitive label stocks. It was not until the 1980s that thermal direct and then thermal transfer printing of bar coded price-weigh labels using self-adhesive materials began to take place and grow rapidly by the later part of the decade.
    At about the same time the use of new types of polypropylene and polystyrene (later polyethylene) film materials for more demanding label applications were being introduced. High quality printing of filmic materials used for labelling shampoos, toiletries, industrial products, etc, were now required by the leading brand owners. This presented more demanding label printing and converting challenges for press manufacturers and converters.
    Three decades of evolutionary changes in label printing technology
    To meet changing label printing requirements over the past 30 years the dominant label printing technology of the time has undergone several changes: in the 1980s it was rotary letterpress that dominated new press sales. Then came growth in the flexo process during the 1990s. Much of the early part of the 21st century has seen UV flexo as the dominant technology for new label press sales. Since the mid-2000s, digital printing has also begun to evolve quite rapidly, initially with electrophotographic liquid and dry toner technologies and, most recently, with new generations of UV and water-based inkjet.
    In the pipeline for launch in 2014 is the newly developed Landa nanographic printing process, an offset inkjet process that has already created significant market interest amongst label, folding carton and flexible packaging printers.
    Without unduly wishing to worry the label converter, there is also considerable development work being undertaken at the present time with the longer-term aim of eventually using inkjet technology to print direct onto glass or plastic bottles or onto a variety of can shapes and sizes. Maybe not a concern for today, but possibly a more real threat for the future.

    What will the future bring? Factors to consider
    Put together, the key challenge today for any label printer is to decide what his new label printing press investment will be this year, next year or the year after. Will it be another conventional UV flexo analogue press? Or maybe an offset or combination process press? Some converters are perhaps still deciding whether to go digital. If so, will the investment be in toner or inkjet technologies?
    In the past, the decision, which press to invest in was perhaps rather simpler. Today there are even more factors to be considered – even with conventional analogue press technology. A press’s environmental footprint and energy consumption might be an important factor. So might the press colour gamut and the number of colours or print stations available on the press.
    What added-value finishing options are available? What inspection or control technology is required on the press? What kind of output speed is demanded for the type of work being produced? How long does the press require to changeover from one job to another? Does the converter want to print other products as well as labels, such as flexible packaging, tube laminates, folding cartons, sachets, etc. These factors may well influence press investment. Each of the main press manufacturers undoubtedly has their own technology variations and solutions they wish to promote and offer.

    Going Digital: Additional Factors
    When it comes to investing in digital there are various other factors to be considered as well as just investment in a press. Digital printing is all about new ways of working. It’s about enhanced colour management. It’s about making decisions whether to go conventional or digital as late as possible. What throughput of different jobs can be handled each day without getting bogged down in administration and paperwork? All these factors are likely to require more sophisticated Management Information Systems (MIS). Yet another key investment decision to be made.
    Then there is the additional challenge with digital of what dpi resolution to go for; does the work produced need a white ink in one of the printing heads; does the press have an extended colour gamut. Press running speeds between all the digital label press technologies also vary quite considerably. How important is speed with many short-run job changes?
    Go digital and the converter also needs to decide whether to invest in in-line or off-line finishing. If in-line, every job change may mean a press stop to change cutting dies. If there are multiple short run jobs to be produced the die-changes can take up a considerable part of the press day and offer reduced press running time. That means reduced output and potentially lower profitability. Off-line finishing can mean that one finishing line can handle the output of several digital presses, so maximizing press production time.
    Another finishing investment option for the label converter might be laser die-cutting; a higher-cost investment, but offering significant benefits where multiple short runs are required each day. Used with say, inkjet, laser cutting technology combined with inkjet (or Xeikon) technology where there is no fixed repeat length, offers the exciting potential of batching jobs across or along the web for maximum economics and performance.

    Accelerating Changes in Technology: What is There to See at Labelexpo Europe 2013?
    Looking back, it seems that more changes in printing technology, particularly for self-adhesive label printing processes and technologies, have occurred over the past 50 years than at any other period in the last 400 years. Even today, change in label printing and converting technology is still continuing to take place. This will become evident at Labelexpo Europe this year, where new makes and models of label presses will be launched, including ever more printing machinery emanating from Asia and the world of digital printing technology.
    (FINAT)
     
    09.08.2013   Smurfit Kappa steps into the shoppers mind     ( Company news )

    Company news Picture: Tony Smurfit, Group Chief Operations Officer

    Maximising the possibilities of virtual reality in retail ready packaging - Smurfit Kappa steps into the shopper’s mind and invests in a unique 3D virtual shopping environment to analyse and understand shopper behaviour.
    Smurfit Kappa further strengthens its leadership in the world of retail ready packaging by investing in a virtual shopping environment which will meet customer needs by optimising retail ready packaging solutions. This technology will be installed in Smurfit Kappa’s Development Centre in the Netherlands. It is one of the largest screens in Europe and is unique in its offering of a 3D shopping experience.
    Smurfit Kappa has made this investment to both increase its own expertise and to help its customers. This technology will be used to execute shopper behaviour research, the outcome of which will be translated into guidelines and insights in the area of retail ready packaging.
    This virtual store will also allow Smurfit Kappa’s customers to experiment with packaging in a realistic retail environment, and the technology’s flexibility will allow fast design changes.
    The official launch of this virtual store will take place in September, at Smurfit Kappa’s Innovation Event, where more than 150 of the top FMCG companies will experience the latest developments in packaging first hand.

    Tony Smurfit, Group Chief Operations Officer:
    “We are dedicated to meeting our customers’ needs and helping them perform in their markets. This unique technology will help us increase our understanding of shopping behaviour and to translate this knowledge into real-life, tangible solutions that our customers can implement to optimise their packaging and strengthen their brand.”
    (Smurfit Kappa Group Headquarters plc)
     
    09.08.2013   High production capacity, low power consumption: ANDRITZ to supply drum pulping system...    ( Company news )

    Company news ... for Taishan Gypsum’s paper mill, China

    International technology Group ANDRITZ has received an order from Taishan Gypsum for delivery of a FibreFlow drum pulper to its paper mill in Tai’an City, Shandong Province, China, which produces high-quality mask paper for gypsum boards. Start-up is scheduled for March 2014.
    The low energy consumption, the exceptionally high availability, and the low operating costs of the drum pulper (capacity: 800 tons per day) were decisive in the award of this order. The scope of supply also includes engineering, erection work supervision, start-up, training, as well as a spare and wear part package. The raw material treated by Taishan Gypsum consists of one half LOCC (Local Old Corrugated Container) and one half AOCC (American Old Corrugated Container). The ANDRITZ FibreFlow drum pulper is used for slushing all kinds of recycled paper grades – slushing of paper and separation of contaminants are handled in one single unit.
    Taishan Gypsum is the leading Chinese manufacturers of high-quality gypsum boards and frame series for interior decoration. The company, with a production capacity of 1.2 billion square meters of gypsum boards per year, serves the domestic market, and also exports to other countries, such as the United Arab Emirates, Indonesia, India, and Russia.
    (Andritz AG)
     
    09.08.2013   Favini presents SECURE-SKIN    ( Company news )

    Company news Favini is an Italian company with a long history of innovation in paper manufacturing, it is a world leader in the market of industrial release paper for making artificial leather, has significant market share in specialty paper and a strong know how in security papers.
    In the latest years, Favini has dedicated considerable R&D time and resource to develop several innovative and exclusive security features. These special features include particular inclusions, treatments and finishes that assure a high level of security.
    Favini reveals one of its latest security innovations: Secure-Skin, a unique micro embossing. At first sight it looks simply to be a decorative embossing, but it embeds a micro text visible with a 15x or more powerful lens.
    Secure-Skin can be applied on paper with additional security features for assuring a higher anti-counterfeit protection to bank and ID documents, certificates, labels, tickets, etc.
    Besides these applications, Secure-Skin is a useful tool for brand protection: Favini is able to provide high quality papers with a hidden customized micro message, logo or pattern repetition, ideal for packaging solutions where counterfeiting is a major issue - boxes, labeling, tags, product certifications plus associated supporting materials like shopping bags, corporate communication and documentation.
    The height of the text can reach 280 micron and the length of a word like “SECURITY” is just 2 mm. The size of the micro text is not detectable to the naked eye, a magnification of 15 or more is needed.
    Favini offers a standard Secure-Skin solution and support for developing customized Secure-Skin designs according to the corporate image guidelines and specific needs of customers. The minimum quantity for the customization is around 3T.
    (Favini Srl)
     
    09.08.2013   Verso Introduces VersoRx™ Pharmaceutical Inserts, Adding to its Specialty Papers Product Line    ( Company news )

    Company news Verso Paper Corp. (NYSE:VRS) announces the launch of a new pharmaceutical insert grade: VersoRx™. This new product offering, engineered to deliver outstanding print fidelity while providing excellent sheeting and folding performance, is an exciting addition to Verso's growing specialty papers product portfolio.
    "Our introduction of VersoRx™ pharmaceutical inserts is a great example of our continued focus in the specialty papers market segment," says Mike Weinhold, Verso's Senior Vice President of Sales, Marketing and Product Development. "By adding the VersoRx™ products to our portfolio, we have enhanced the wide range of product solutions that Verso offers converters, printers, and end-users."
    Available in 27#, 30# and 35# basis weights, VersoRx™ pharmaceutical inserts are produced on the No. 1 paper machine at Verso's mill in Bucksport, Maine. "The No. 1 paper machine at Bucksport plays a key role in Verso's plan to diversify its product line and expand in the specialty papers market segment," Weinhold explains. "Thanks to the expertise and ingenuity of our manufacturing team and to strategic investments made at the Bucksport Mill, we are pleased to announce this important, new commercial component of our product diversification plan. The VersoRx™ products are integral to the success of our diversification efforts, both now and in the future," he says.
    (Verso Paper Corp.)
     
    08.08.2013   Kimberly-Clark names Voith Paper '2012 Supplier of the Year'    ( Company news )

    Kimberly-Clark Corporation (KC), a global leader in personal and health care products, has named Voith Paper’s fabrics and roll systems unit ‘2012 Supplier of the Year’.
    Voith Paper’s ongoing advancements in fabric technology was the key factor in KC’s selection of Voith for the award. Voith also supports KC with a Total Roll Management program and tissue cylinder service that has helped the tissue maker stay out in front in a very competitive marketplace.
    “Voith Paper is part of a very elite group by being selected as one of Kimberly-Clark’s top seven suppliers around the globe,” said Cynthia Dautrich, global procurement officer for Kimberly-Clark. “Voith serves as an exemplary model of what Kimberly-Clark values in supplier performance and is helping provide a framework to develop and implement best practices.”
    A Global Supplier Criterion was followed to identify, evaluate and select the top vendors from its 75,000 global vendors that demonstrates above and beyond compliance of reliable on time delivery, quality performance, sustainability and innovation, among other factors.
    “We’re honored to receive this award from Kimberly-Clark, one of our highly valued customers,” said John Fox, Senior Vice President at Voith Paper. “It’s gratifying to be recognized and to know that our products and services truly help advance our customers’ position in the market.”
    (Voith Paper Fabric & Roll Systems Inc.)
     
    08.08.2013   Flexibility and Efficiency Lead to Success     ( Company news )

    Company news Nash supplies a vacuum system for the new paper machine at Zellstoff Pöls

    Picture: NASH 2BE4 with V-belt drive

    Zellstoff Pöls is the largest manufacturer of high quality, chlorine-free bleached long-fibre sulphate pulp in Central and South-Eastern Europe. The company has expanded its paper production capacity with the construction of Paper Machine No. 2 (PM2) at its mill in Pöls, Austria. The new machine is capable of manufacturing paper with basis weights (grammage) of 28 to 120 g/m2 (up to 32 lb), with a maximum production speed of 1,000 m/min (3,281 ft/min) and planned production of 80,000 tons per year.
    PM2 was a turnkey project, with the vacuum system and implemented technology specified by the paper machine manufacturer. After lengthy negotiations with several vendors, the end-user selected Andritz as the supplier for the paper machine.
    Nash was in continuous contact with Andritz during the tender phase. Despite convincing arguments from the vacuum system competitors about product flexibility and energy efficiency, Andritz and Zellstoff Pöls, in the end, chose Nash as the superior vacuum supplier for their new paper machine.

    Flexibility for the vacuum
    Many paper machines produce only a single paper weight (e.g. 80 g/m2, similar to copy paper) or weights within a very tight range. In such cases, only minor modifications to vacuum requirements are needed as production conditions, and thus the vacuum levels themselves, are kept relatively constant.
    In contrast, the Zellstoff Pöls PM2 focuses on "MG" or "multigrade" papers, and incorporates the production of paper basis weights between 28 and 120 g/m2. This wide product spectrum places high demands on the flexibility of the vacuum system.

    Efficient use of energy
    The Andritz specification was clear; focus on energy efficiency. Efficient operation of both the paper machine and the vacuum system result in lower energy consumption and lower operating costs. Optimal dewatering of the paper in the Forming and Press sections (where Nash vacuum pumps are used) reduces energy (steam) consumption in the Dryer section.
    For Gardner Denver Nash, the project represented an ideal opportunity to prove its high level of expertise in vacuum systems for paper machines. The major challenge was to adapt the vacuum at the various suction points for each specified paper weight and the required drying needed. This was accomplished through the use of frequency converters that allowed for "fine adjustment" of the speed and the vacuum level to meet the specific requirements of the paper grade produced. Andritz provided the list of vacuum requirements, but the specification of suitable pumps, determination of the number of pumps and their assignment to the various suction points were the responsibility of the Nash team in Nuremberg.
    The Zellstoff Pöls PM2 project showed the importance of having expertise in the paper industry, as exemplified by Nash. The project award would not have been possible without optimal contact with the customer as well as convincing arguments in support of the flexible and efficient use of liquid ring vacuum pumps.
    (Nash - Zweigniederlassung der Gardner Denver Deutschland GmbH)
     
    08.08.2013   Klabin's unprecedented certification in the Brazilian pulp and paper sector helps to ...    ( Company news )

    Company news ... emphasize safety in packaging

    Picture: Monte Alegre plant

    Recommendation for FSSC 22000 certification testifies to its capacity to serve the food industry and enables it to expand activities in other markets.
    Klabin is the first company from the pulp and paper sector in Brazil to be granted FSSC 22000 (Food Safety System Certification 22000) certification, one of the most advanced norms used to ensure the origin of packaging paper for food.
    This new certification should help to increase the company’s market niches. According to Flavio Deganutti, Quality Manager of the Monte Alegre Plant, FSSC 22000 qualifies Klabin to expand its activities in packaging markets which need protection from contamination. “This certification should benefit Klabin in other equally demanding sectors. Anyone who guarantees safety in packaging used for products which reach consumers’ tables can also offer top quality to manufacturers of sensitive items”, he states.
    As the biggest manufacturer and exporter of packaging paper in Brazil, Klabin has had NBR ISO 22000 (Food Safety Management System) since 2007, a certification which establishes requirements to identify and eliminate any physical, chemical or biological hazard capable of jeopardizing the safety of food packaged with paper manufactured by the company. FSSC 22000 was created based on ISO 22000, complementing it by clearly specifying the prerequisites needed to produce packages which ensure safety for the health of the end consumer.
    The prerequisites of this new certification ensure the cleanliness and organization of the manufacturing area; the quality control of the water and air which come into contact with the product; control of pests and vectors in the manufacturing environment; and the control of access to the Plants. On adhering to FSSC 22000, the company concomitantly emphasizes the need for its suppliers to meet these same prerequisites.
    According to Deganutti, the plant acted quickly to meet the requirements of certification and will continue to make the necessary improvements to guarantee the safety of the packaging produced. He explains that, for approximately six months, the company prepared its employees and installations for certification, which was carried out by Bureau Veritas. This speedy adaptation is a reflection of Klabin’s ongoing investments in good practices in standardizing its industrial processes.
    (IKPC Indústrias Klabin de Papel e Celulose S.A.)
     
    08.08.2013   Brenntag increases adjusted EBITDA in the second quarter and gives outlook for ...    ( Company news )

    Company news ... year as a whole

    Gross profit* rises to EUR 502.2 million
    Operating EBITDA increased by 2.4% to EUR 185.9 million (on a constant currency basis and after adjustment for a non-recurring effect of around EUR 17 million)
    Profit after tax of EUR 68.9 million and earnings per share of EUR 1.33
    Operating EBITDA** of between EUR 710 and 735 million expected for 2013 as a whole, not including non-recurring effects

    Brenntag (WKN A1DAHH), the global market leader in chemical distribution, achieved growth in sales and gross profit* in the second quarter of 2013 compared with the same quarter of the previous year. Operating EBITDA adjusted for a non-recurring effect also increased slightly. In view of still limited global economic development, the company continues to prove its resilience.

    On a constant currency basis, sales increased by 3.4% (2.2% as reported) and reached EUR 2,544.7 million in the second quarter of 2013. One of Brenntag’s crucial key performance indicators, gross profit*, also posted growth. Year on year, it rose to EUR 502.2 million, which equates to growth of 4.6% on a constant currency basis (3.1% as reported). Operating EBITDA**, which was aligned for an adjustment of provisions, was EUR 185.9 million and increased by 2.4% on a constant currency basis (0.8% as reported). The adjustment of provisions by approximately EUR 17 million is connected to a decision by antitrust authorities in France. Reported operating EBITDA** was EUR 169.1 million, which equates to a decline of 6.9% on a constant currency basis (8.3% as reported).

    Profit after tax amounted to EUR 68.9 million in the second quarter of 2013 (Q2 2012: EUR 81.3 million), meaning that earnings per share attributable to Brenntag’s shareholders amounted to EUR 1.33 (Q2 2012: EUR 1.57).

    The free cash flow amounted to EUR 170.5 million in the first half of 2013 after EUR 179.3 million in the same period of the previous year.

    Steven Holland, CEO of Brenntag AG: “The group continues to develop and grow in still challenging market conditions and slow macro economic development. Our business model remains resilient with its highly diversified product range, industries and geographical spread allowing us to seek out new markets and opportunities. Growth of sales and gross profit continued whilst EBITDA was somewhat effected by the non recurring adjustment for just under EUR 17 million increase in provision. We do not see the promise of any significant improvement in the macroeconomic environment but we remain positive and confident about the underlying market opportunities and resilience of our business leading to further growth of the group overall.”

    Europe develops positively despite difficult environment

    Year on year, external sales in Europe increased by 1.2% on a constant currency basis (0.6% as reported) to EUR 1,184.0 million. Operating gross profit* also performed positively and increased by 0.9% on a constant currency basis (0.2% as reported) to EUR 237.2 million. Operating EBITDA**, adjusted for the increase in provision, is slightly higher than in the same period of the previous year on a constant currency basis. In view of the overall economic situation, this is a solid performance, which means the European business is headed in the right direction. Without the adjustment for the provision, operating EBITDA** was EUR 67.5 million in the second quarter.

    North America continues to grow

    The North America region posted pleasing sales growth in the second quarter of 2013. External sales climbed to EUR 817.2 million, which equates to growth of 6.5% on a constant currency basis (4.4% as reported). This result is attributable in particular to the acquisition of the Altivia Corporation at the end of last year. Operating gross profit* also performed positively and increased by 7.9% on a constant currency basis (5.8% as reported) to EUR 198.1 million year on year. Operating EBITDA** followed this positive picture and posted an increase of 6.0% on a constant currency basis (3.9% as reported) to EUR 83.1 million.

    Latin America with good operating gross profit but growing cost base

    Operating gross profit* for the Latin America region increased as against the same period of the previous year by 4.6% on a constant currency basis (1.2% as reported) to EUR 43.4 million, while external sales posted a decline of 2.2% on a constant currency basis (5.4% as reported) and amounted to EUR 221.4 million. Operating EBITDA** decreased to EUR 13.2 million, which equates to a year-on-year decline of 6.4% on a constant currency basis (9.6% as reported). This is primarily attributable to an increase of the cost base, which is being addressed by the company.

    Strong growth again in Asia Pacific

    In the second quarter of 2013, Brenntag Asia Pacific once again demonstrated its positive development potential. External sales increased by 9.6% on a constant currency basis (9.6% as reported) to EUR 186.9 million. Operating gross profit* rose to EUR 31.1 million, which equates to a year-on-year growth rate of 21.4% on a constant currency basis (20.5% as reported). This positive development is attributable in particular to the contribution of the acquired ISM/Salkat Group. Operating EBITDA** grew as against the same period of the previous year by 17.3% on a constant currency basis (17.3% as reported) to EUR 12.2 million.

    Brenntag expects slower growth

    In light of the uncertain macroeconomic situation and assuming that the general economic environment will not see a substantial recovery by the end of the year, the company is anticipating less dynamic development. Given these factors and the earnings performance in the first half of 2013, Brenntag expects the Group’s operating EBITDA** for 2013 as a whole – excluding the extraordinary impact of non-recurring effects, particularly the around EUR 17 million in the Europe segment described above – to amount to between EUR 710 million and EUR 735 million.

    * While Brenntag reports operating gross profit on segment level, the company reports gross profit on group level. Operating gross profit is defined as sales less costs of material for goods purchased and supplies, services purchased, packaging materials, supplier rebates and increase/decrease in finished goods. Gross profit is defined as operating gross profit less production/mixing and blending costs.

    **Brenntag’s segments are primarily controlled on the basis of operating EBITDA, which is the operating profit/loss as recorded in the consolidated income statement plus amortization of intangible assets as well as depreciation of property, plant and equipment and investment property, adjusted for the following items:

    • Transaction costs: Costs connected with restructuring under company law and refinancing, particularly the IPO in 2010 and the refinancing in 2011. They are eliminated for purposes of management reporting to permit proper presentation of the operating performance and comparability on segment level.
    • Holding charges: Certain costs charged between holding companies and operating companies. On Group level they net to zero.
    (Brenntag GmbH)
     
    07.08.2013   UPM's new business structure will sharpen operational focus and facilitate ...    ( Company news )

    Company news ... portfolio change

    Picture: UPM's President and Chief Executive Officer Jussi Pesonen

    Profit improvement target of EUR 400 million from performance improvement and focused growth initiatives

    UPM will implement a new business structure to drive clear change in profitability. The company will also seek to simplify and further develop its business portfolio.
    UPM’s new structure will consist of the following Business Areas and reporting segments: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and UPM Plywood. Forests and wood procurement will be reported in Other operations. The new structure will be valid as of 1 November 2013.
    The new Paper Business Areas will be located at the centers of their markets. UPM Paper Asia will be headquartered in Shanghai, China, and UPM Paper Europe in Augsburg, Germany. The Group Head Office will remain in Helsinki, Finland.
    “Changes in management structure will sharpen the targets and required actions for each business. We will address the competitive challenge in mature European businesses and drive profitable growth outside Europe and in biorefining. The new management structure will also increase transparency of the company performance,” says Jussi Pesonen, President and CEO of UPM.
    “We are determined to change UPM. We will also seek to simplify our business portfolio and uncover the value of our assets. These opportunities will be explored in parallel with the profitability improvement and growth initiatives and may involve changes in ownership structures.”

    The current Business Group structure, established at the end of 2008, will be discontinued.
    “Within the Business Group structure, we have created commercial platforms and market driven business organisations for Energy and Pulp. We have also achieved profitability turnaround in Timber and Plywood businesses and restructured our European label business. Now these are healthy UPM businesses each in their own right.”
    “Although the Paper Business Group has been able to improve efficiency and managed change and integration processes professionally, we now need to move into a more simple and scalable structure to improve performance further,” says Pesonen.

    Profit improvement through simplified business structure
    UPM has identified actions with an overall profit improvement impact of EUR 200 million in its existing businesses. Each business will implement a profit improvement program with simplified business model and variable and fixed cost savings. These planned actions do not include additional capacity closures at this time.
    Profit improvement includes the remaining part of the EUR 90 million savings announced in January 2013, as well as further actions resulting from the new business structure and consequent profit improvement programs.
    UPM will follow and update the progress of the program in its quarterly reporting. The full impact of the program is expected to materialise by the end of 2014 as compared with the Q2/2013 results.

    Growth initiatives for the next three years
    Pesonen highlights that since 2007 UPM’s Energy, Pulp, Label and Asian Paper businesses have grown by 43% in the topline. “These businesses have been not only growing but also profitable and enjoy positive long term fundamentals.”
    “Biofuels, woodfree specialty papers in China and continued growth in UPM Raflatac will provide top line growth for UPM in the coming years. In addition, we have identified opportunities to expand production in our existing pulp mills. With these development initiatives we are targeting additional EBITDA contribution of EUR 200 million when in full operation. “
    The total investment requirement in these projects is EUR 680 million. EUR 60 million has already been invested, and the total remaining capital expenditure in the coming three years would be EUR 620 million.
    (UPM)
     
    07.08.2013   MWV Reports Second Quarter Results    ( Company news )

    Company news Second Quarter Highlights:
    -Earnings from continuing operations of $0.37 per share (both GAAP and ex-items)
    -Solid volume growth across targeted packaging and specialty chemicals end markets
    -Cash flow from continuing operations more than doubles to $199 million
    -Achieved $16 million in overhead savings in first half; company expects savings to exceed high end of target range of $25 to $30 million by end of 2013

    Picture: John A. Luke, Jr., chairman and chief executive officer of MWV

    MeadWestvaco Corporation (NYSE: MWV), a global leader in packaging and packaging solutions, reported a modest sales increase for the second quarter of 2013, but lower earnings primarily due to the previously announced outage at the company's paperboard mill in Covington, Virginia. The company generated good revenue growth in many targeted packaging markets, especially food, beverage, healthcare and personal care, as well as in specialty chemicals. Results also benefited from the contributions of the Brazilian pine chemicals business, Resitec, and the Indian industrial packaging materials business, Ruby Macons, and from improved pricing for industrial packaging solutions in Brazil. These benefits were partially offset by lower forestland sales and unfavorable foreign currency exchange during the quarter.
    "While the isolated operating challenges weighed on our quarterly results, the profitable growth strategies we've been pursuing continues to generate strong gains in targeted packaging and specialty chemicals markets,” said John A. Luke, Jr., chairman and chief executive officer of MWV. “With the operating issues behind us, our businesses are performing well and we are confident the earnings and cash flow improvement we've been anticipating for the second half of the year is already underway."

    Quarterly Comparison
    Sales from continuing operations in the second quarter of 2013 were $1.43 billion compared to $1.42 billion in the second quarter of 2012. Income from continuing operations attributable to the company in the second quarter of 2013 was $67 million, or $0.37 per share. Income from continuing operations attributable to the company in the second quarter of 2012 was $78 million, or $0.44 per share.
    Adjusted income from continuing operations attributable to the company excluding special items was $67 million or $0.37 per share for the second quarter of 2013 compared to $82 million or $0.46 per share for the second quarter of 2012. Refer to the “Use of Non-GAAP Measures” section of this release.

    Outlook
    In the third quarter of 2013, MWV expects earnings to be above year-ago levels on a continuing operations basis. The principal drivers of the expected earnings improvement are:
    -Momentum with its profitable growth strategies to drive volume improvement across its targeted packaging and specialty chemicals markets;
    -Pricing improvement in industrial packaging solutions;
    -Productivity gains from increased operating leverage;
    -Earnings benefits from the ramp-up of the company’s new paperboard machine in Brazil; and,
    -Cost benefits from execution against the company’s overhead reduction initiative.

    Challenging global macroeconomic conditions and weaker foreign currency exchange, primarily the depreciation of Real against the U.S. Dollar, are expected to partially offset these benefits.
    (MWV MeadWestvaco World Headquarters)
     
    07.08.2013   SKG Q2 and H1 2013 Results     ( Company news )

    Company news Smurfit Kappa Group (“SKG” or the “Group”) announced results for the 3 months and 6 months ending 30 June 2013.

    Picture: Gary McGann, Smurfit Kappa Group CEO

    Highlights
    -First half European box volume growth in excess of 2% year-on-year; Americas growth of 5% excluding SK Orange County (‘SKOC’)
    -Cost take-out of €100 million re-confirmed
    -EBITDA margin progression from 12.7% in quarter one to 13.4% in quarter two
    -Capital structure successfully repositioned from leveraged to corporate
    -Interim dividend increased by 37% to 10.25 cent
    -Recycled containerboard price increase of €50 per tonne effective from 1 August

    Performance Review and Outlook
    Gary McGann, Smurfit Kappa Group CEO, commented: “Smurfit Kappa Group is pleased to report first half revenue growth of 6% and strong EBITDA of €512 million. The strong result has been achieved through improved pricing, continued cost take-out and enhanced efficiency programmes. In spite of the recessionary conditions in Europe, the Group delivered like-for-like box volume growth in Europe of over 2% year-on-year and 5% volume growth in the Americas, excluding box volumes of SKOC. 
    SKG’s ability to win new business in the current challenging operating environment is evidence of the Group’s strong value proposition for our customers. With an integrated global network of packaging designers, trademarked software tools and technical engineers, SKG is well placed to deliver a superior total offering together with real cost efficiencies throughout its customers’ supply chains. In July the Group announced the development of a unique 3D tool entitled ‘Virtual Store’ to enhance the understanding of shopper behaviour. This will translate into real benefits for retail ready packaging design.
    With the successful integration and performance of SKOC, the Group is progressing well with its strategy to expand in the higher growth markets of the Americas. Packaging volumes in the region have grown by 5% year to date and EBITDA margins are recovering to their previous relatively high levels, assisted by the absence of the significant one-off issues which affected the business in 2012. The accretive acquisition of SKOC reflects the Group’s ability to identify, acquire, and integrate complementary businesses.
    The continued focus on increased geographic diversity, together with the integrated model, is underpinning the consistency of SKG’s earnings irrespective of economic circumstances.
    In July, the Group successfully completed a new €1,375 million refinancing of its Senior Credit Facility on a lower margin unsecured basis comprising a €750 million term loan with a margin of 2.25% and a €625 million revolving credit facility with a margin of 2.00%. This transaction represents a major milestone in the evolution of the Group’s capital structure and concludes the successful re-positioning of SKG’s debt profile from leveraged to corporate, whilst reducing interest costs by approximately €13 million per annum. In addition SKG has put in place a new trade receivables securitisation programme of up to €175 million which carries a margin of 1.70%. These transactions provide the Group with greater financial flexibility, including the potential to refinance part of its more expensive bond debt at the appropriate time.
    The Group confirms it will pay an interim dividend of 10.25 cent, a year-on-year increase of 37%. This improved dividend represents the Group’s commitment to provide shareholders with certainty of value and reflects the confidence of the Board in the Group’s performance and prospects.
    Rising input costs and improving circumstances in the European paper industry including, low inventory levels, solid export markets and relatively high operating rates support higher recycled containerboard prices. The Group has therefore announced a price increase of €50 per tonne effective from 1 August. With this move towards more economically sustainable recycled paper pricing, the Group will recover the increased costs in its corrugated pricing with the usual three to six month lag. This in turn will support continued performance and growth into 2014”.
    (Smurfit Kappa Group Headquarters plc)
     
    07.08.2013   ANDRITZ: results for the second quarter and first half of 2013    ( Company news )

    Company news - Solid order intake
    - Favorable sales development
    - Earnings below last year’s reference figures

    International technology Group ANDRITZ showed solid business development in a continuing difficult overall economic environment during the second quarter/first half of 2013:
    - In the second quarter of 2013, sales of the ANDRITZ GROUP amounted to 1,446.3 MEUR, which is an increase of 15.5% compared to last year’s reference period (Q2 2012: 1,252.1 MEUR). This increase is mainly due to consolidation of the Schuler Group. In the first half of 2013, sales of the Group reached 2,610.1 MEUR, thus rising by 7.1% compared to the previous year’s reference period (H1 2012: 2,437.8 MEUR).
    - The order intake reached a solid level. In the second quarter of 2013, order intake amounted to 1,237.7 MEUR (+3.7% versus Q2 2012: 1,193.2 MEUR). In the first half of 2013, the order intake of 2,526.0 MEUR was slightly below the previous year’s reference figure (-1.1% versus H1 2012: 2,554.4 MEUR).
    - As of June 30, 2013 the order backlog, at 7,644.4 MEUR, rose by 15.6% compared to the end of last year (December 31, 2012: 6,614.8 MEUR); this increase is due to consolidation of Schuler.
    - Earnings (EBITA) of the Group amounted to 82.7 MEUR in the second quarter of 2013, thus practically unchanged compared to last year’s reference period (-0.5% versus Q2 2012: 83.1 MEUR). Profitability (EBITA margin) amounted to 5.7% (Q2 2012: 6.6%). This decline is mainly due to decreasing earnings in the PULP & PAPER business area (project mix) and the SEPARATION business area (additional costs related to launch of new product series in China). Earnings of the other business areas saw satisfactory development. In the first half of 2013, the Group’s EBITA amounted to 96.9 MEUR (-37.7% versus H1 2012: 155.6 MEUR) and the EBITA margin to 3.7% (H1 2012: 6.4%). This significant decline is mainly due to decreasing earnings in the PULP & PAPER business area (a provision was made in the first quarter of 2013 in connection with the supply of production technologies and equipment for a pulp mill in Uruguay) and in the SEPARATION business area.
    - The Group’s EBIT in the first half of 2013 amounted to 65.9 MEUR, thus declining stronger than the EBITA (-53.9% versus H1 2012: 143.1 MEUR). This is due to the scheduled amortization of intangible assets according to IFRS in connection with the acquisition of Schuler.
    - Net income amounted to 46.9 MEUR and was thus significantly below the reference figure for the previ-ous year (H1 2012: 108.7 MEUR).
    - The net worth position and capital structure as of June 30, 2013 remained solid. Net liquidity amounted to 817.7 MEUR (December 31, 2012: 1,285.7 MEUR) and thus reached a good level despite the acquisition of Schuler (almost 600 MEUR).

    ANDRITZ President and CEO Wolfgang Leitner: “In view of the very difficult overall economic environment, we must be satisfied with the business development of the ANDRITZ GROUP. For the remaining months of the 2013 business year, we expect investment activity in our key customer industries to remain subdued worldwide.”

    On the basis of these expectations, the order backlog, and consolidation of the Schuler Group as of March 1, 2013, the ANDRITZ GROUP expects a rise in sales in the 2013 business year compared to the previous year. However, due to the sharp earnings decline in the PULP & PAPER and SEPARATION business areas, as well as scheduled amortization of intangible assets related to the acquisition of Schuler, the net income will be significantly lower than the last year’s reference figure.

    For further information, please contact:
    Oliver Pokorny
    Group Treasury, Corporate Communications & Investor Relations
    Phone: +43 (316) 6902 1332
    oliver.pokorny@andritz.com
    www.andritz.com
    (Andritz AG)
     
    07.08.2013   AVERY DENNISON BRINGS NEW SUSTAINABILITY POSSIBILITIES TO LABELEXPO 2013    ( Company news )

    Company news Inspiring innovations, Sustainable growth
    Avery Dennison Booth 5A40 (Hall 5)
    Labelexpo 2013

    Picture: Avery Dennison will introduce a new wave of innovations designed to drive sustainable growth at the Avery Dennison Booth 5A40 at Labelexpo 2013. (Photo: Avery Dennison, PR175)

    Avery Dennison will introduce a new wave of innovations designed to drive sustainable growth at Labelexpo Europe in Brussels, September 24-27, 2013.

    “Avery Dennison is constantly striving to develop label and packaging innovations that can help converters solve the performance and sustainability challenges they face today,” comments Angelo DePietri, vice president and general manager of Avery Dennison Materials Group Europe. “We are looking forward to engaging Labelexpo 2013 visitors with fresh approaches not only to shelf appeal but to recycling, and productivity as well.”

    The Avery Dennison booth will feature products and services that help converters differentiate and gain a competitive advantage. One such product, introduced in North America last year, is a pressure-sensitive labelling solution that improves the recyclability of PET containers. The Avery Dennison CleanFlake™ (Bottle-to-Bottle) Film portfolio can help increase rPET yields thanks to an innovative adhesive and film combination, that separates cleanly and efficiently from the PET flakes produced during the recycling process.
    The result is PET flakes pure enough to be used to produce new packaging films and shells, which conserves virgin PET resources and supports beverage industry leaders’ desire to increase their use of recycled PET bottles.

    Also in the spotlight will be a new platform of adhesives that enable thinner constructions, increased productivity and decreased bleeding. Avery Dennison’s ClearCut™ technology is featured in a new portfolio of films designed to increase sustainability while improving functional performance and shelf-appeal.

    In addition, the Prime Film Portfolio of BOPP and Machine Direction Oriented (MDO) films are anchored with Avery Dennison’s new proprietary S7000 adhesive. Film materials using this adhesive deliver excellent clarity, conformability for container squeeze, and dispensing stiffness for high-speed converting and dispensing. The clear, white and metalized feedstocks on PET liners avoid the trade-offs in ooze, dispensing and wet-out typical of thinner films. Offering 31% less material weight and greenhouse gas reductions of 22% compared to similar films, they generate substantial sustainability impact advantages. For example, Global MDO films for squeezable containers produce 40% less solid waste and require 37% less energy, while the new BOPP products deliver 50% less ooze on rigid containers.

    These products, as well as several ground-breaking innovations in the digital, beer and beverage, wine and spirits, durables and security categories, will be launched at the Avery Dennison Booth - at Labelexpo 2013 Booth 5A40.
    (Avery Dennison Label and Packaging Materials Europe)
     
    06.08.2013   Sappi results for 3rd quarter ended June 2013 highlights continued tough market conditions    ( Company news )

    Company news Picture: Chief executive officer Roeloff (Ralph) Jacobus Boëttger

    Summary for the quarter
    -Successful start-up of both dissolving wood pulp projects
    -Operating profit excluding special items US$8 million (Q3 2012 US$60 million)
    -Loss for the period US$42 million (Q3 2012 US$106 million loss)
    -Loss per share 8 US cents (Q3 2012 loss of 20 US cents)
    -Net finance costs US$42 million (Q3 2012 US$141 million)
    -Net debt US$2,297 million (Q3 2012 US$2,213 million)

    Commenting on the result, Sappi Chief Executive Officer Ralph Boëttger said:
    The third financial quarter is seasonally our weakest, due to typically lower demand in Europe and North America and the scheduling of planned annual maintenance shuts at most of our major pulp mills. In this transitional year, the quarter was also impacted by the extended shuts at both the Cloquet and Ngodwana Mills as they completed the capital projects to convert existing paper pulp lines to dissolving wood pulp. In addition, market conditions, particularly in our European paper business, deteriorated further during the quarter. These factors combined to reduce group operating profit excluding special items for the period to US$8 million from US$40 million in the prior quarter and US$60 million for the equivalent quarter last year. The third-quarter results were also impacted by special items including a charge of US$11 million related to plantation price fair value adjustment and a charge of US$4 million due to plantation fire damage in South Africa.
    Both the dissolving wood pulp projects at the Ngodwana and Cloquet pulp mills have now started production. The Cloquet Mill produced the first bales of dissolving wood pulp in early June, and the ramp-up has progressed according to schedule with production and quality targets having been met. The Ngodwana Mill started up in late July, a few weeks later than scheduled, and we expect this mill to ramp-up to full production over the coming months.
    The past quarter saw a further deterioration in European paper industry conditions, exacerbating an already weak market, and demand is expected to remain subdued. Input costs, particularly pulp, remain high and we do not expect to see any price increases in our major paper grades in the coming quarter. Plans are being finalised that will result in significant capacity closure, lower costs and improved operating margins in Europe. We envisage these actions will occur over a three-year period and that any cash costs will be self-funded. The benefits of these actions will begin to flow in the 2014 financial year.
    We expect our European business to make an operating loss in the fourth financial quarter which will result in the group making a small net loss for the financial year. Our full year results may be impacted by the aforementioned strategic initiatives and, any asset impairments and restructuring costs that may arise.
    Debt remains within the levels previously indicated despite the weaker operating performance. We expect debt levels to peak during the fourth quarter as the final outlays for the dissolving wood pulp projects occur and to end the quarter slightly lower than that reported for the third quarter. Our medium-term leverage target remains between 1.5 and 2 times net debt to EBITDA.

    The quarter under review
    This seasonally slow quarter saw a significant decline in demand for our major paper grades, with total European industry deliveries of coated woodfree and coated mechanical paper down 8% year-on-year for the quarter. Our total sales volumes were 6% below that of the equivalent quarter last year despite good growth in specialities volumes. Average prices realised were slightly higher than in the previous quarter, as a result of marginal price increases for coated woodfree paper, but remain on average below those of the equivalent quarter in the prior year.
    In the North American business, operating profit for the current quarter was negatively impacted by an estimated US$12 million due to 22 days of incremental downtime taken for the Cloquet pulp mill conversion project and related ramp-up of operations. Coated paper sales volumes were essentially flat year-on-year; however the average net sales price per ton was 4% lower than in the prior year due to a competitive local market and increased import pressure. Prices appeared to have stabilised during the quarter and we expect to realise some price increases on economy sheets and web products over the coming months. The release business continues to perform well and sales volumes were up 11% compared to last year driven by improved demand and the success of our key new patterns.
    In the Southern African business, the domestic paper packaging and office paper markets were weak during the quarter; although, towards the end of the quarter and to date, there have been encouraging indications in the containerboard segment of a possible improvement in volumes. The estimated adverse operating profit impact of the conversion to produce dissolving wood pulp at the Ngodwana Mill and the extended pulp mill downtime was approximately ZAR78 million during the quarter. The Specialised Cellulose business had another good quarter, generating ZAR463 million in EBITDA excluding special items at an EBITDA excluding special items margin of 30%. Sales volumes for the quarter were 183,000 tons, similar to the prior quarter and 8% lower than the equivalent quarter last year due to the timing of shipments. During the quarter, the planned annual maintenance shut of one of the pulp lines at Saiccor Mill took place. We are pleased that we were able to reach an agreement with labour on wage increases for the forthcoming year.
    Net finance costs for the quarter of US$42 million were in line with those of the prior quarter. The comparative Q3 2012 net finance costs of US$141 million included the once-off charges of US$89 million related to the bond refinancing during that quarter.
    Net cash utilised for the quarter was US$157 million, compared to net cash utilisation of US$56 million in the equivalent quarter last year. This cash utilisation was mainly as a result of capital expenditure of US$174 million which related primarily to the strategic investments in expanding our dissolving wood pulp capacity and lower profits from operations. We expect that capital expenditure for the full year will not exceed US$600 million.
    Liquidity remains strong with cash on hand of US$236 million and US$561 million available from the undrawn committed revolving credit facilities in Europe and South Africa. We have sufficient liquidity to complete the spending on the various capital projects. During the quarter, the €330 million international securitisation programme was renewed and the facility maturity date extended to 2016.

    Outlook
    The South African paper business expects to see growth in containerboard volumes, although demand continues to be weak in other grades. Cost pressures and weak demand have resulted in further actions to improve the profitability being implemented.
    The North American paper business is positioned to perform well in an increasingly competitive market and we expect to realise some price increases on economy sheets and web products over the coming months.
    Our expanded global Specialised Cellulose business is focussed on selling the increasing dissolving wood pulp volumes, as the mills continue on their start-up curves, and cementing our position as the leading producer in this market. Dissolving wood pulp prices are under pressure in this competitive market, and could have an impact on margins going forward.
    The coated woodfree paper machine conversion project at Alfeld Mill, which will increase our speciality paper production, remains on track for start-up during the first financial quarter of 2014.
    (Sappi Fine Paper South Africa)
     
    06.08.2013   Finch Paper Appoints Rob Ferragina National Sales Director    ( Company news )

    Company news Ferragina (photo) will lead sales team reputed for service, flexibility

    Finch Paper is investing in top industry professionals to further differentiate the company as an innovative opaque and high-bright manufacturing partner. In order to grow with its traditional customers and develop new business, Finch Paper has appointed Rob Ferragina, to National Sales Director. Ferragina reports to Debabrata Mukherjee, President and CEO, Finch Paper.
    As National Sales Director, Ferragina leads a team of sales executives who are reputed to deliver exceptional, responsive service in the opaque, text and cover, and digital paper markets. Ferragina is a disciplined, strategic leader who will be responsible for developing new business while also growing Finch’s core of loyal distributors and commercial print customers.
    His extensive experience in premium, white paper sales complements Finch’s product portfolio. Leading with flagship Finch Opaque, Finch’s breadth of uncoated, high-bright printing papers and digital substrates are used for marketing collateral, direct mail, book publishing and financial documents as well as office paper. “Finch has been a terrific competitor throughout my career and I’m fortunate to be able to represent legendary Finch Opaque and the Finch team,” Rob said.
    Ferragina will also work closely with Sheldon Spicer, National Sales Director—Corporate Accounts and Philip Hart, Director of Commercial Operations to develop a diversified portfolio of products and services to meet the changing needs of the marketplace.
    Deba Mukherjee, President and CEO for Finch Paper, says, “We welcome Rob to Finch Paper and look forward to his leadership as we refine our strategies to strengthen our business during this time of intense change and opportunity in the industry.”
    Ferragina has over fifteen years of industry experience in the Metro NY area, most recently with Mohawk as Regional Sales Manager, Northeast, with responsibility for sales from Maine to Virginia. Ferragina has also represented Fox River and Fraser in his career. Ferragina holds a Master of Administrative Science from Fairleigh Dickinson University and Master of Arts in History from Monmouth University.
    (Finch Paper LLC)
     
    06.08.2013   Order from Shouguang Chenming Art Paper    ( Company news )

    Company news The Chinese paper producer Shouguang Chenming Art Paper Co., Ltd. is a subsidiary of its mother company Shandong Chenming Paper Holdings Limited – one of the biggest paper producers in China - and has awarded GAW technologies with an order for the delivery of the coating kitchen complex for thermo sensitive paper.
    Chenming Paper Group - listed on the Stock Exchange of China and Hong Kong - has more than 10 production bases and an annual paper production capacity of 6 million tons.
    The scope of delivery will include the complete thermal coating kitchen complex for the revitalised paper machine PM5, which is going to produce thermo sensitive paper in the future (for end-products like tickets, tags, labels, lottery/gambling receipts etc.). GAW is proud to once more prove its outstanding technology and know-how in the area of processing plants – in this case the elaborate treatment of particular chemicals which are needed to produce thermal paper. All the equipment has to be fitted in already existing buildings and facilities. The time-frame is also quite ambitious: the delivery is scheduled for autumn 2013.
    GAW and Shandong Chenming have been cooperating before in many projects, but it will be the first project for the customer to produce such speciality grades with GAW‘s proven experiences in this regard. Thus GAW remains the sole supplier in the Chinese market for thermal sensitive grades which will be the attraction of new investments in the market.
    (GAW technologies GmbH)
     
    06.08.2013   Discussions About Securing the Location Heidenheim Are Constructive.     ( Company news )

    Company news Negotiation Group Agrees on a Key Issues Paper.

    The talks on the capacity utilization at the Voith headquarters in Heidenheim that were entered into in June have produced first interim results. The employees have been informed about these interim results by the Management Board and the Works Council this morning. During the current business year Voith had repeatedly reported about excess capacities at the location and large, structural capacity utilization problems in the Division Voith Paper in Heidenheim.

    Against the background of this situation, the employer and the employees had already agreed on a special termination right of the current works agreement for the location per September 30, 2013 and entered into discussions how the capacity can be adapted to the impaired utilization.

    Employer, Works Council and the trades union IG Metall have now agreed on a joint key issues paper with solution proposals. Among other points, the paper covers the elimination of approximately 430 jobs at the location. Both parties have agreed to plan the job cuts without redundancies due to operational reasons wherever possible. Should this not be feasible for all of the approximately 430 jobs affected, it is also envisaged to offer a possibility of negotiating possible redundancies from autumn 2014. The job reduction program is to be completed by March 31, 2015. Apart from job cuts it has also been proposed to introduce short-term measures such as a reduction of the working hours of all employees at Heidenheim by up to ten percent in order to eliminate the capacity problems. For this purpose, it is intended to sign a supplementary labor and wage agreement with the trades union IG Metall. A relevant declaration of intent has been drafted on Wednesday this week.

    On the basis of this joint key issues paper it is now planned to negotiate all further specific contents and their implementation and to present it to the respective executive committees for approval. It is anticipated that a conclusive result of all negotiations will be reached by the end of September.

    Voith sets standards in the markets energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, Voith employs more than 42,000 people, generates €5.7 billion in sales, operates in over 50 countries around the world and is today one of the biggest family-owned companies in Europe.
    (Voith Paper GmbH & Co KG)
     
    05.08.2013   Catalyst Paper Q2 results impacted by maintenance    ( Company news )

    Company news Picture: Crofton mill

    Catalyst Paper (TSX:CYT) reported a net loss of $28.0 million ($1.93 per common share) for the second quarter of 2013, a period heavily impacted by maintenance downtime.
    Before specific items, the net loss was $18.1 million. Specific items in Q2 included a $2.1 million gain on the sale of the Elk Falls industrial site, a non-cash loss on the mandatory redemption of Exit Notes of $2.3 million and a $9.6 million non-cash loss on the effect of foreign exchange on our US dollar denominated debt. This compares with the Q1 net loss of $9.8 million ($0.89 per common share) and $11.6 million net loss before specific items.
    Adjusted earnings before interest, taxes and depreciation (EBITDA) and EBITDA before restructuring costs in the second quarter were negative $0.6 million and negative $0.5 million respectively.
    Revenues of $263.4 million for the quarter were up from the prior quarter, reflecting higher sales vansaction prices for newsprint and pulp, as well as the effect of the weaker Canadian dollar. Pulp sales volume was up over the same quarter of 2012 as was the transaction price.
    Increased paper sales volumes, higher transaction prices for pulp and a weaker Canadian dollar did not offset the higher costs in the quarter arising from maintenance, electricity rate increases and re-imposition of the provincial sales tax (PST) effective April 1st.
    Cash flow from operations increased by $11.2 million and liquidity improved by $63.1 million from the same period last year, due in part to borrowing base improvements, asset sale proceeds and a return to more normalized vendor payment terms since the company’s exit from creditor protection.

    Market Conditions
    Markets for all the company’s paper products remain challenging and demand trended down overall compared to the same period of the prior year. Newsprint and directory showed the steepest decline at 8.9% and 15.2% respectively, while the decline in specialty coated at 4.9% and specialty uncoated at 1.3% was less pronounced.
    North American benchmark prices for high gloss and high-bright papers were flat and were down slightly for coated mechanical papers and newsprint compared to last quarter. Directory pricing remained stable as contracts are negotiated annually. Continued growth in Latin America, along with higher transaction prices and increased sales of Marathon-Lite, the company’s 40-gsm newsprint product, improved newsprint sales revenues in the quarter.
    In the face of perpetually challenging paper markets, Ascent, the new coated three paper manufactured at the Port Alberni mill, is a bright spot, with sales to commercial printers and retail advertisers growing steadily for catalogues, magazines, retail inserts and other marketing materials. In addition, Sage, our environmentally focused product offering, is performing well as a means to protect and gain new business.
    Pulp demand and prices remained favourable over the previous year with NBSK pulp markets continuing a modest recovery in Western Europe and North America.

    Outlook
    A stronger U.S. economy and improvements in the housing and labour markets are expected to lead modest global growth through the balance of the year. In contrast, Canadian growth is expected to slow and the Canadian dollar is expected to remain at a sub-par level relative to the U.S. dollar.
    Macro-economic conditions, however, are expected to have little upside impact on printing paper markets as the migration to electronic media continues. The strongest impact will be felt in directory and newsprint grades. Demand for coated and uncoated specialty mechanical grades will see the normal seasonal improvement in the latter half of the year and operating rates are expected to tighten. Price increases for uncoated mechanical high gloss grades ranging from $50-60 per ton effective July 1 are expected to be partially implemented through the third quarter. Newsprint export markets are expected to remain strong through the latter half, helping to compensate for continued demand losses in North America with pricing remaining firm for the balance of 2013. The NBSK pulp market improvement in the first half of the year is expected to level off in the third quarter with slower growth projected for the Chinese economy through the second half of the year.
    Input costs are expected to remain stable on all but electricity where utility rate increases combined with the impact of the April 1 re-imposition of PST will significantly increase energy costs. We are taking all steps available to mitigate the cost impacts, including reducing consumption, maximizing self-generation at our mills, and intensive advocacy to bring the social and economic impact of escalating hydro costs on industrial customers to the attention of governments.
    With completion of the two planned total mill outages at Crofton and Port Alberni now behind us, planned maintenance spending and downtime will be reduced for the remainder of the year. The company has adequate liquidity with no significant or extraordinary uses of cash anticipated for the balance of 2013.
    (Catalyst Paper Corporation)
     
    05.08.2013   NewPage Launches The Smarter Economy Coated Paper: Anthem Plus     ( Company news )

    Company news NewPage Corporation (NewPage) announced Anthem® Plus™, the all-new, all-American economy coated paper built to perform in virtually every print application.
    "Customers including merchants, printers and end users have been asking for a simplified economy sheet offering from NewPage with 90 brightness, a competitive price, good on-press performance and breadth and depth of inventory," said Jeff Pfister, commercial marketing manager, economy sheets for NewPage. "So we listened to our customers and we went to work developing an improved product and service offering that meets or exceeds all expectations. The result is Anthem Plus."
    Anthem Plus offers a strong value proposition for all stakeholders in the supply chain. It has 90 brightness with a pure blue-white shade for beautiful printed results coupled with an unparalleled offering including gloss, dull and matte finishes ranging from 60 lb. text to 110 lb. cover. Anthem Plus has the broadest and deepest inventory commitment of any economy product available today and is stocked in press-ready mini skids and cartons for maximum efficiencies. Anthem Plus is chain-of-custody certified to the Forest Stewardship Council™ (FSC®), the Sustainable Forestry Initiative® (SFI) and the Programme for the Endorsement of Forest Certification™ (PEFC) to support sustainable forestry practices; and is made in the USA with pride which supports local economies and American jobs.
    Until now, NewPage offered multiple economy sheet brands with different attribute packages and value propositions. These brands included Anthem®, Fortune® and Gusto®. With the introduction of Anthem Plus, NewPage will be discontinuing Fortune® and Gusto® coated sheets.
    "Last year, we made a major shift at our customers' request with the introduction of Sterling® Premium," stated Steven DeVoe, vice president of Marketing for NewPage. "Sterling Premium shifted the definition of premium grades to reflect the times, delivering a better option for customers looking for premium print performance. Now we bring our customers another shift in our grade offering with the introduction of Anthem Plus. No other coated paper producer currently offers the breadth and depth of this product and service line-up, and we are excited about the potential to continue to grow and evolve with our customers."
    (NewPage Corporation)
     
    05.08.2013   FINAT reports on modest growth in European self-adhesive labeling consumption in 2012    ( Company news )

    In 2012, demand for self-adhesive label materials in Europe amounted to 5.78 billion square meters, a growth of 1.7% compared to 2011. With a market share of around 45%, self-adhesive consolidated its lead as the dominant labelling technology in Europe, ahead of wet-glue (40%), sleeving (7%), in mould (3%) and other technologies (5%). The linear growth pattern of around 5% year after year that lasted until the middle of the last decade has however disappeared. Evidently the label industry did not escape the impact of the global financial and economic crises. But not only that: with consumption levels reaching maturity in Western Europe, self-adhesive demand has become more sensitive to the volatility of consumer behaviour. But there are two ‘counter forces’: innovations in the filmic label domain and the on-going evolution of Eastern Europe continue to offer significant upward potential.

    The long view
    2012 was an important benchmark for the European self-adhesive label industry. Last year, total labelstock consumption of 5.78 billion m2 doubled the estimated 2.84 billion published by EPSMA for 1996, the base year of our data set. However, it took the industry about 7 years to reach the halfway mark of this journey, and from 2003 onwards (the fist year of the FINAT Labelstock statistics) it took almost 10 years to add the other half of the overall increase. This clearly illustrates the decelerating growth pace of the industry.
    The slowdown in year-by-year growth rates between mid-2005 and mid-2008 was mitigated by the higher (but also descending) growth rates for filmic label materials. From mid-2008 onwards, the industry trend is severely disturbed by the global crises, with a dramatic downturn in 2008-2009 being ‘corrected’ by an excessive upswing in 2009-2010 and the ‘double dip’ in 2010-2011. Signs of modest recovery in the first half of 2012 have been slowed down by signs of a prolonged recession in several European countries as part of government measures to balance budgets and restore confidence in the Euro.

    Global perspective
    According to data from Labels and Labeling Consultancy, global label demand (all technologies included) amounts to between 40 and 45 billion m2. About 30% of this volume is consumed in Europe.
    When the emerging markets are included, globally wet glue labels still hold a majority share of 46%, followed by self-adhesive with 37% and sleeving, wrap-around and in-mould holding shares of 8%, 6% and 2% respectively. This is because in the emerging markets, self-adhesive is still less advanced. As stated in the introduction, the situation is reversed if only the mature western label markets of Europe and North America would be considered.
    Although average per capita consumption of self-adhesive labels in North America with around 15 m2 is similar to consumption levels in the mature markets of Western Europe, there is huge variety of per capita consumption levels across Europe, ranging from 3-4 square meters in East and Southeast Europe, to around 20 m2 in some countries in Northwest Europe, with an overall average across Europe of 6-8 m2. This indicates a significant upward potential for the label industry in the wider ‘Eurovision Europe’.
    Recent developments in Europe – different perspectives across regions
    Against this background it should be no surprise that the perspective of market developments differs significantly at opposite ends of the European periphery. Against the marginal evolution of labelstock demand in the other aggregated regions of Europe (all recording increases or decreases within the plus or minus 1.5% range), Eastern European markets consumed 11.4% more self-adhesive label materials than in the preceding year! Total labelstock demand recorded in the Eastern European countries (12 countries, 325 million inhabitants) amounted to 1.15 billion m2 and the region is now approaching Southern Europe (6 Mediterranean countries including Turkey, 280 million inhabitants) with a demand of 1.28 billion m2 as the second largest self-adhesive labelling region in Europe. Central Europe (6 countries, 125 million inhabitants) is still far out of reach for the rest of Europe with 2.27 billion m2.
    Within the top 5 of self-adhesive label consuming countries in Europe, Germany and the United Kingdom consolidated their leading positions ahead of France, Italy and Spain. However, from a historical perspective, Germany and Italy have outperformed the other 3 countries. Together, in 2012 these 5 countries accounted for around 60% of total labelstock demand in Europe.
    It should be noted however that the underlying market drivers and economic fundamentals may differ substantially across individual countries. Generally speaking, for the smaller countries, volume and evolution of labelstock demand tend to correlate more strongly with FMCG exports, and hence the average consumption of label materials per capita tends to exceed that of the bigger markets.

    Paper versus filmic labelstock demand trends
    On balance, in 2012 demand for self-adhesive label materials in Europe added volume of almost 100 million m2 to its business in 2011. About 90% of this volume was generated by net increases in roll label materials demand. Of this net growth, a majority of 48 million m2 was achieved by the net increase in demand for filmic roll label materials, ahead of the 41 million m2 net increase in paper rolls demand in 2012.
    Interestingly, this overall net increase was entirely attributed to the growing demand from Eastern Europe. In the case of paper based roll label demand, the net increase in demand of almost 80 million m2 in the 12 Eastern European countries offset the net decrease in the other regions by a factor 2. In the case of non-paper roll label materials, demand growth in Eastern Europe represented almost 75% of the net increase in demand across Europe.

    Outlook 2013
    During the first quarter of 2013, self-adhesive labelstock demand increased by a modest 0.4% compared to the first quarter of 2012. Although this positive result prevented the industry from dropping back into a European ‘label recession’, it continued the downward trend in annualised quarterly growth rates since the third quarter of 2012.
    As in 2012, demand for filmic roll label materials (+1.6%) and aggregate demand for self-adhesive label materials in Eastern Europe continued their role as driving force of labelstock demand, a role which they have played for the past 10 years.
    Despite the prudent signs of (slow) recovery and significantly improved financial conditions, the countries within the Eurozone continued their recession at the start of the year with their sixth consecutive quarter of output decline. Even Europe’s ‘export engine’ Germany is facing a slowdown. Although important progress has been made in stabilising government finance, government debt in some countries is unsustainably high and suppressing home demand.
    In the last quarter of 2012 and into 2013, there appeared to be a positive shift in business sentiments at the label converters’ end.
    (FINAT)
     
    05.08.2013   GLATFELTER REPORTS SECOND QUARTER 2013 RESULTS    ( Company news )

    Company news Organic growth and Dresden acquisition drive company performance

    Picture: Dante C. Parrini, Chairman and Chief Executive Officer

    Glatfelter (NYSE: GLT) reported second-quarter 2013 net income of $0.9 million, or $0.02 per diluted share, and adjusted earnings of $5.1 million, or $0.12 per diluted share. These results compare with second-quarter 2012 net income of $13.4 million or $0.31 per diluted share and adjusted earnings in the prior year quarter of $5.3 million or $0.12 per diluted share.
    Consolidated net sales for the second quarter of 2013 totaled $426.0 million, a quarterly record and a 10.7 percent increase compared with $384.7 million in the second quarter of 2012 reflecting organic growth of 3.1 percent and acquisition growth of 7.2 percent.
    “We generated strong results in our Composite Fibers and Advanced Airlaid Materials businesses during the second quarter,” said Dante C. Parrini, chairman and chief executive officer. “Operating profit for Composite Fibers more than doubled during the quarter driven by both organic growth and a strong start from the Dresden acquisition. Our Advanced Airlaid Materials business improved operating profit by 14 percent driven by a 7 percent improvement in net sales. Shipments for the Specialty Papers business continued to outperform the broader market but lower selling prices and unexpected operating disruptions led to disappointing results for the second quarter.”
    Mr. Parrini continued, “We are well positioned to generate improved results, as the benefits from a number of our recent strategic and operating initiatives continue to be realized. We are increasing our earnings accretion estimate for the Dresden acquisition to $0.45 to $0.50 per share on an annualized basis, compared with our initial estimate of $0.25 per share as a result of new estimated depreciation and amortization expense. We also expect continued organic growth in our Composite Fibers and Advanced Airlaid Materials businesses, and we are focused on improving the operating performance in Specialty Papers.”
    (Glatfelter Corporate Headquarters)
     
    02.08.2013   Accolade for Karl Knauer KG    ( Company news )

    Company news Karl Knauer KG wins the Bronze Lion in Cannes and the Red Dot Design Award

    The series of awards for the luminescent packaging of Bacardi’s spirit “Bombay Sapphire” has reached a new high point: the Bronze Lion in Cannes as well as the Red Dot Design Award conclude the long succession of notable awards that Karl Knauer KG has received for the production and development of this packaging. An international jury in Cannes was enthusiastic about the first freely available luminescent packaging, which was able to hold its own against prominent competitors. “Infused with Imagination”, the title of the submitted competition video as well as the slogan of Bombay Sapphire gin has clearly shown that a great deal of imagination and richness of ideas are needed to create such a unique packaging.

    Cannes Bronze Lion – An accolade for a ground-breaking idea.
    Of all the awards that have been presented for the luminescent packaging so far, the Cannes Lion (category: Design Lion / Electro) is likely the highest honour. The proposal was submitted by the English agency Webb deVlam, which along with Karl Knauer KG developed the luminescent packaging commissioned by Bacardi-Martini. Inside is a first-class gin “Bombay Sapphire”. The packaging reflects the high quality that impressed the Cannes jury after already winning numerous other awards.

    Red Dot Design Award – Another distinction in Autumn.
    Furthermore Karl Knauer KG is proud to announce that the luminescent packaging will receive the Red Dot Design Award. The presentation will take place on the 18 October, 2013 in the Konzerthaus in Berlin. An international jury selected the most innovative and creative proposals from around 6,800 submissions from 43 nations. The award is considered an international seal of quality for design objects. The award will be presented for the Bombay Sapphire packaging in the category Communication Design. After receiving the distinction in Autumn, the packaging will be on view at the exhibition “Design on Stage – Winners Red Dot Award: Communication Design 2013” at Berlin’s Umspannwerk Alexanderplatz.

    Luminescent packaging – Pure innovation.
    The folding box for the premium-quality spirit “Bombay Sapphire” is probably the world’s first freely available packaging with printed, actively luminescent surfaces. This was made possible by the patented technology “HiLight – printed electronics”. An intuitive mechanism activates a light animation on the front side of the packaging as soon as it is picked up. The individual design elements illuminate from the bottom upward in five stages. This packaging sets new standards for the presentation of a brand at the point of sale, attracting attention like never before. The function of packaging as a sales and marketing tool is specially reflected by the Bombay packaging. The box serves not only as mere packaging, but it accents and enhances the quality of the packaged product.
    (Karl Knauer KG)
     
    02.08.2013   Rengo Begins Construction Work to Renew Containerboard Machine at Marusan Paper Mfg.    ( Company news )

    Company news Picture: Marusan Paper Mfg. Co., Ltd.

    Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that construction work has begun, as previously planned, to renew a containerboard (linerboard) machine at its consolidated subsidiary Marusan Paper Mfg. Co., Ltd. (Head Office: Minamisoma-shi, Fukushima; President: Hakaru Mita).
    As the Rengo Group’s production center for containerboard in the Tohoku region, Marusan Paper Mfg. currently produces approximately 20,000 tons of containerboard per month using two paper machines: PM6 for linerboard and PM7 for corrugating medium. PM6, which was installed in 1973, was damaged during the Great East Japan Earthquake in March 2011, and it has become difficult to respond to recent needs for lightweight containerboard. For that reason, Rengo has decided to renew PM6 to serve the current needs of the market, and to further improve product quality while striving to conserve energy and resources. A groundbreaking ceremony was held on July 19, and operation of the machine is scheduled to start in January 2015.
    This renewal is intended to ensure Marusan Paper Mfg.’s continued growth. It is also aimed at enhancing the Rengo Group’s containerboard supply system in the Eastern Japan region and improving mid- and long-term performance by further strengthening the integrated production system from containerboard to corrugated packaging.
    Marusan Paper Mfg. was forced to suspend operations for around three months immediately after the Great East Japan Earthquake of March 2011 due to earthquake damage and the accident at the Fukushima Daiichi Nuclear Power Plant. However, operations are currently proceeding as before. Rengo believes that the renewal of the machine will contribute greatly to the region’s reconstruction and revitalization through continuous industrial promotion in the company’s local region of Minamisoma-shi and Fukushima, and by ensuring stable employment. This renewal is eligible for the company relocation support subsidy for industrial recovery in Fukushima.
    (Rengo Co Ltd)
     
    02.08.2013   Domtar Corporation reports preliminary second quarter 2013 financial results    ( Company news )

    Company news Earnings affected by higher planned maintenance costs and lower productivity in pulp

    Picture: John D. Williams, President and Chief Executive Officer (CEO)

    -Second quarter 2013 net loss of $1.38 per share, earnings before items of $0.48 per share
    -EBITDA before items of $135 million in the second quarter
    -Share buyback totaled $100 million in the second quarter of 2013
    -Completed the acquisition of AHP, the leading manufacturer of store brand baby diapers in the United States, on July 1st, 2013

    Domtar Corporation (NYSE: UFS) (TSX: UFS) reported a net loss of $46 million ($1.38 per share) for the second quarter of 2013 compared to net earnings of $45 million ($1.29 per share) for the first quarter of 2013 and net earnings of $59 million ($1.61 per share) for the second quarter of 2012. Sales for the second quarter of 2013 amounted to $1,312 million.

    Second quarter 2013 items:
    -Litigation settlement of $49 million ( $46 million after tax);
    -Closure and restructuring charges of $18 million ($13 million after tax); and
    -Charge of $5 million ($3 million after tax) related to the impairment and write-down of property, plant and equipment.

    First quarter 2013 items:
    Conversion of $26 million ($18 million after tax) of alternative fuel tax credits into cellulosic biofuel producer income tax credits of $55 million ($33 million after tax) resulting in a net gain after tax of $15 million;
    -Charge of $10 million ($7 million after tax) related to the impairment and write-down of property, plant and equipment;
    -Gain on the sale of property, plant and equipment of $10 million ($6 million after tax); and
    -Premium paid and costs related to the debt repurchase of $3 million ($2 million after tax), included in interest expense.

    "Our productivity improved in our paper business in the second quarter when compared to the first quarter," said John D. Williams, President and Chief Executive Officer. "In pulp however, we had the busiest maintenance quarter on record with 10 of our 12 pulp mills taking shutdowns. Operational challenges during the start-up phase affected our costs but our mills are now running well and we are confident that those issues are behind us."
    On Personal Care, John D. Williams added, "I am pleased with the acquisition of AHP. This will give us stronger access to the retail market for our adult incontinence products and synergies to the bottom line. Raw material costs had a negative impact on the segment's profitability in the quarter, but the business remains well on track."

    The decrease in operating income before items1 in the second quarter of 2013 was the result of higher costs for planned maintenance shutdowns, lower productivity for pulp, lower volumes for pulp and for paper, higher freight costs and higher selling, general and administrative expenses. These factors were partially offset by higher average selling prices for pulp and overall favorable exchange rates.
    When compared to the first quarter of 2013, paper shipments declined 3.3% and pulp shipments declined 7.5%. The shipments-to-production ratio for paper was 96% in the second quarter of 2013, compared to 104% in the first quarter of 2013. Paper inventories increased by 37,000 tons while pulp inventories declined by 26,000 metric tons at the end of June, compared to March levels.

    LIQUIDITY AND CAPITAL
    Cash flow provided from operating activities amounted to $183 million and capital expenditures amounted to $118 million, resulting in free cash flow of $65 million for the first six months of 2013. Domtar's net debt-to-total capitalization ratio1 stood at 20% at June 30, 2013 compared to 16% at December 31, 2012.
    Domtar returned a total of $178 million to its shareholders through a combination of dividend and share buybacks in the first six months of 2013. Under its stock repurchase program, Domtar repurchased a total of 1,370,676 shares of common stock at an average price of $72.87 in the second quarter of 2013, and a total of 10,637,179 shares of common stock at an average price of $78.97 since the implementation of the program in May 2010. At the end of the second quarter of 2013, Domtar had $158 million remaining under the current authorization.

    OUTLOOK
    Earnings from pulp are expected to benefit from lower planned maintenance costs, higher productivity and higher sales volumes. The completion of the AHP acquisition on July 1st will be accretive to the Personal Care segment's earnings in the third quarter. Input costs are expected to stay relatively stable for the second half of 2013.
    (Domtar Inc.)
     
    02.08.2013   "The Future is Bright"    ( Company news )

    Company news Picture: Delegates with Pro Carton conference box.

    This was the motto of this year's ECR Congress in mid-May 2013 with a focus on four topics: shopping experience, supply chain efficiency, sustainability and nurturing talent. With this broad spectrum, the organisers of the programme certainly scored full marks. The result: over 600 participants from 30 countries. Pro Carton has been involved as a partner for many years now. Here are the highlights.
    Thomas Hübner, Executive Director Europe of Carrefour, and Jan Zijderveld, President Europe at Unilever, opened by criticising their own industry sector: more needed to be done in terms of innovation, the commitment to sustainability needed to be more convincing, and young talent needed to be recruited for the supply chain to master these tasks successfully over the coming years.
    "Customers are changing dramatically, largely due to technology and new lifestyles", stated Zijderveld. "As the largest employer in Europe, our industry carries great responsibility. Our customers expect they can trust us when they buy something." And Hübner adds: "The industry has improved by 6 % in terms of CO2 emissions, the retail trade by 7 %, but that is not enough. The target must be annual improvement of 4 % up to 2020."
    The ECR Congress definitely took the sponsorship of talent seriously. Three Awards were conveyed on the first evening and targeted at improving cooperation in the value chain: one for a Best Practice example in supply chain cooperation, one for a life's work and one Next Generation Leader Award. The Best Practice example will hopefully find followers: the Award went to Tesco and Coca-Cola, who exchanged managers for a year to gain experience from the other partner!

    Changes in purchasing experience
    Ken Hughes of Glacier Consulting came right to the point: shopper marketing is ultimately a behavioural science. At its core is an understanding of why shoppers behave as they do, which is then harnessed to trigger purchases. But traditional approaches such as shopper focus groups and interviews only yield so much. The newer fields of neuro-marketing, consumer psychology, biometrics and big data are where the real breakthroughs are taking place. Understanding shopper motivation and consumer psychology can increase business without touching price or margin. Hughes presented a ground-breaking study that maps shopper arousal "triggers" in FMCG using state-of-the-art mobile biometric sensors.
    A group of experts from different areas – Benoit Golay, (Icare Institute), Sylvain Rebet (Bobst), Derren Sequeira (Facebook), Ken Venn (Indaba), Geoffroy de Myttenaere and Jean-Albert Nyssens (McKinsey) – explained potentials and market-ready concepts in the context of mobile phones and read Big Data. Mobile phones, smart or not, offer enormous opportunities for companies to change the game with shoppers. There are more mobile phones in the world than there are tooth brushes. Add to this the data from social networks where consumers exchange information. It is estimated that 4 exabytes (1 exabyte = 1 billion gigabytes) of unique information will be generated this year alone. These are Big Data: their scale, distribution, diversity, and timeliness need to be analysed using new technical architectures to gain insights and create new values. A huge challenge for industry to approach consumers more individually and in a more targeted manner. But a challenge certainly worthwhile taking up as 1:1 marketing becomes significantly less expensive than to date.
    Barry Carty (BWG Foods), Declan Carolan (ECR Ireland), Iñigo Anton (Findus), Rob Mullen (Kerry Foods) und Shay Leonard (Unilever) covered the cooperation between branded suppliers and the retail trade in practice. The question being how to create sustainable growth in mature categories where consumer spending is constrained and without having to pull the price and promotion levers. The response: real collaboration, focused on the consumer and shopper journey, can inspire and produce groundbreaking results, even in categories with refrigeration requirements. Together, solutions were found for the POS which led to significant increases in sales. The shopping experience is the key: informing consumers about the benefits of products (“You don´t buy what you don´t understand”) and to provide an easy and enjoyable shopping experience.
    One of the highlights in the programme was the presentation by Serpil Timuray, CEO of Vodafone Turkey. She gave an impressive demonstration of how smartphones and other mobile devices bring consumers closer to markets and products. In the USA, some 6 of purchases are already done online, and in the coming year half of all purchases will either be generated online or at least influenced by online channels. Gartner predicts, that in 2016 some 450 million people will already be making mobile payments - with a transaction value equal to 600 billion dollars.
    The topic of Big Data was also of major importance to Timuray: as more and more consumers are connected via the Net this results in enormous data volumes. Big Data is expected to grow by 40 % a year. Big Data will make consumers even more powerful than ever before: they can compare products and prices real-time at the point of purchase. For industry and the retail trade this provides the option of providing tailor-made offers based on information on demographics, personal purchasing behaviour, preferences and the current location of the consumer. Amazon, one of the pioneers of such strategies, reports that some 30% of sales are already generated via recommendation marketing.
    "We have obtained similar results for Kraft in Turkey. We put unique codes on ten million packs of crisps and invited the largely younger consumers to take part in a promotion. 35% responded, a fantastic response. And sales were up by 27%!
    Another important topic is regional marketing. "Customers willing to receive advertising and living in the vicinity of a "Caffè Nero“ coffee shop were offered a free morning coffee together with another purchase." The redemption rate was 10%, a significant success rate for the chain.

    The road to sustainability
    "How to guide shoppers to more sustainable choices?" was the question Valérie Sérjourne (AISE), Anne Vandenbergen (Colruyt), Neil Coles (CSCP) and Franz Speer and Malte Turk (Henkel) posed. The answer: using an holistic approach and working together along the entire value chain. Concrete examples from manufacturers and retailers provided insights and answers on how to guide shoppers towards more sustainable choices. Future growth is likely to depend on less resource intensity and providing more value added services. Efficiency alone will not be enough to bring current consumption patterns to sustainable levels, widespread changes will also be required to behaviours and lifestyles. Consumers today often believe that they are already buying sustainable products, even if this not the case. To alter their behaviour they need to perceive a benefit for themselves. This is where industry and retailers must cooperate as a change in attitude harbours great potential.
    The Consumer Goods Forum – represented by Onno Fransse (Ahold), Sabine Ritter (CGF), Megan Hellstedt (Delhaize), Britta Gallus (Metro Group), Saliha Barlatey (Nestlé) and Nigel Bagley (Unilever) – has identified a number of areas where, by working together, the industry was able to make significant progress. Three key areas of commitment were designated under the motto "Building better lives through better business”:
    -Deforestation: help achieve zero-net deforestation by 2020
    -Refrigeration: start phasing out HFC refrigerants (fluorinated hydrocarbons) by 2015
    -Health and well-being will have a greater focus in future - supported by a broad set of initiatives - from healthier products to responsible marketing and educating consumers.

    In terms of food safety, the Global Food Safety Initiative has been operational for a number of years to provide continuous improvement of food safety management systems.

    Summary
    At the end of the congress Jan Zijderveld painted a clear picture as to how older and younger consumers differ: "The older shopper has more time, shops more often and is very price sensitive. The younger shopper buys less often, is more quality conscious, more sustainability conscious and is IT-affine. We therefore only have half the touch points to reach the younger shopper who is more interested in quality and more ready to pay premium prices when compared to the older shopper. E-commerce is growing rapidly, and younger people do not divide their world into digital and physical, for them it is a single world. They walk through the store with their smartphone and collect information. In the UK, Internet sales have already reached the 5% level and France is also growing fast. This will change our industry completely over the next ten years and we must be a part of this change."
    And Thomas Hübner adds: "To do this, it’s all about cooperation and sharing insights. In the best possible manner and with full responsibility for sustainability. Our customers demand this. It is amazing, the way we live today. We are healthier today, have better foods, a better lifestyle, we have never before lived so well. But we also face phenomenal challenges, economically, in terms of the environment and, specifically in Europe, the governments.

    What does all this signal for the development of the carton?
    Packaging will play a far greater role in future than today, it is the medium which unites the brand, product information and the Internet. Furthermore, carton can present brands and products very attractively on the Internet. The surface design options provide cartons with an optimal base as they can best present the brands and information and because digital codes can be read perfectly - also individual codes in the new world of Big Data.
    In terms of sustainability, cartons have already staked their claim: conservation of resources and recycling are sustainable contributions to the supply chain and support consumers in developing a more sustainable lifestyle. The sustainability of European cartons is given additional support by using cartonboard from raw materials coming from sustainably managed forests.
    Cartons are the only packaging medium which already provides a positive answer to questions of the future. They are fully integrated in the trend – and part of the "Bright Future“.
    (Pro Carton - The European Carton Promotion Association)
     
    02.08.2013   DREWSEN SPEZIALPAPIERE GmbH & Co. KG successfully implements energy management ...    ( Company news )

    Company news ... system

    The careful and responsible use of energy has long been an important part of the DREWSEN SPEZIALPAPIERE GmbH & Co. KG corporate policy that extends to all departments and employees.
    Although in recent years, various energy conservation measures have been successfully implemented, the company decided to approach the diverse activities of energy efficiency in a more consistent and systematic way. Through the introduction of an energy management system in line with ISO 50001, continuous improvements in energy performance, efficiency and cost reductions can be achieved.
    "In building the system, we were able to draw upon a wide range of existing and effective processes in addition to measurable performance targets that enabled us to deliver a system which would gain accreditation within a few months” says the head of Engineering Dr. Ludger Benien.
    Our energy management system was audited by the certification company (DQS) in May 2013, and following successful completion of the inspection we were awarded the ISO 50001 certificate."
    The current certificate is valid until 05/21/2016.
    (DREWSEN SPEZIALPAPIERE GmbH & Co. KG)
     

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    Buyers' Guide of Producers' and Converters' Products:
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    Printing, fine and writing board
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    Pulps and mechanical groundwood pulps
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    Buyers' Guide of Merchants:
    Base papers and boards
    Board for packaging use
    Board, misc.
    Boxes, packages, etc.
    Corrugated boards
    Household and sanitary paper goods
    Household and sanitary papers for converting
    Office and exercise goods, general stationery
    Other converted paper and board products
    Paper and board for technical use
    Paper rolls all kinds
    Papers all kinds
    Papers and boards; coated, laminated, impregnated
    Papers for packaging use
    Printing, fine and writing board
    Printing, fine and writing papers
    Pulps and mechanical groundwood pulps
    Sacks, bags, carrier bags

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