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Newsgrafik #118578

DYNASTAR by W&H wins ERA Packaging Gravure Award 2017  (Company news)

On November 07th the new gravure printing press DYNASTAR by W&H was awarded with the “Packaging Gravure Award 2017” by the European Rotogravure Association (ERA) in the category “Innovation”. The ERA Award is given out every two years to recommend high quality and achievements in the rotogravure print market. The announcement took place during the Packaging & Decorative Conference in Barcelona. The jury especially praised the DYNASTAR for new ideas and concepts to produce short-job runs with increased profitability on rotogravure presses.

The new gravure machine DYNASTAR was introduced by W&H at drupa 2016. The idea for it was born out of today’s general packaging situation that is characterized by more diversification, shorter time-to-market needs as well as shorter printing jobs and accelerated production processes. In addition printers are faced with highest quality requirements, price pressure and environmental restrictions. On the other hand, the advantage of gravure printing is well known as a reliable and stable process, well established in the value chain of brands and distributors products with the best printing quality. In the past, however, the gravure printing process was seen as mainly profitable with long-runs, while at the same time shorter runs have been gaining importance.

As an answer to these challenges in the market the new gravure printing press DYNASTAR was developed specially for high profitability with short print runs of only a few thousand meters. The main advantages of the DYNASTAR are shortest job-change-over times, maximum production uptime, minimized substrate and ink waste during change-over and minimized space requirements.

The most important detail is the new slide-in cart system DYNACART carrying print cylinder, inking roller, ink pan and ink supply, splash guards and the doctor blade device. This concept offers the possibility of making all preparations for the next print job beside the press while the machine is running. Even adjustments of the doctor blade system and the inking roller / ink pan can be pre-adjusted before sliding the DYNACARTs into the press. Change-over of DYNACARTs can be executed in only a few minutes generating a time reduction by 50% compared to conventional rotogravure presses.
(Windmöller & Hölscher KG)

Newsgrafik #118580

Cascades Announces Third Quarter 2017 Results; Approaches target debt leverage ratio  (Company news)

Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period ended September 30, 2017.

Q3 2017 Highlights
-Sales of $1,103 million (compared to $1,130 million in Q2 2017 (-2%) and $1,021 million in Q3 2016 (+8%))
-As reported (including specific items)
---Operating income of $51 million (compared to $48 million in Q2 2017 (+6%) and $50 million in Q3 2016 (+2%))
---Operating income before depreciation and amortization (OIBD) 1 of $104 million (compared to $104 million in Q2 2017 and $98 million in Q3 2016 (+6%))
---Net earnings per common share of $0.35 (compared to net earnings of $2.70 in Q2 2017 and net earnings of $0.21 in Q3 2016)
-Adjusted (excluding specific items)
---Operating income of $53 million (compared to $51 million in Q2 2017 (+4%) and $55 million in Q3 2016 (-4%))
---OIBD of $106 million (compared to $107 million in Q2 2017 (-1%) and $103 million in Q3 2016 (+3%))
---Net earnings per common share of $0.20 (compared to net earnings of $0.25 in Q2 2017 and net earnings of $0.32 in Q3 2016)
-Announced construction of a new US$80 million state of the art corrugated packaging plant in Piscataway, New Jersey.
-Announced the closure of our Maspeth, New York , packaging plant. Property put up for sale for US$72 million.
-Net debt of $1,469 million as at September 30, 2017 (compared to $1,780 million as at June 30, 2017 ) and net debt to adjusted OIBD ratio 2 at 3.6x on a pro-forma basis 3 (compared to 4.2x as at June 30, 2017 on a pro-forma basis).

Mr. Mario Plourde (photo), President and Chief Executive Officer, commented: "We delivered improvements in consolidated reported operating income year-over-year during the third quarter in what was a challenging environment, due to disruptions by the hurricanes and increasingly difficult market conditions in the tissue sector. Strategically, we are confident that the plan we are implementing step by step, and which is focused on improved profitability through increasing integration, modernizing our manufacturing facilities and improving logistics by optimizing our geographic footprint, will provide our business segments with the platform to more successfully execute in times of increased business headwinds.

Looking at the performance of our business sectors, our Containerboard segment increased both sales and operating income year-over-year during the third quarter. This reflects the consolidation of Greenpac results beginning in the second quarter, higher selling prices following the final deployment of announced price increases, and a more favourable sales mix. These benefits were partially offset by higher raw material prices year-over-year, and the foreign exchange impact related to the appreciation of the Canadian dollar. Results similarly reflect slightly lower volumes that are attributable to North American transport grid disturbances following inclement weather combined with short-term inefficiencies following the final deployment of our new centralized transportation processes.

The lower results generated by our Tissue segment during the quarter reflect several factors. Key among these were higher raw material prices, a less favourable sales mix, lower volumes due to additional capacity coming to the market, higher transportation costs, weather-related network disruptions, and a lower than anticipated contribution from the Oregon converting plant due to slower market penetration.

The European Boxboard segment performed well during the quarter, with year-over-year results reflecting the stronger economic environment, improvements in volumes and average selling prices coupled with lower maintenance and energy costs, the benefits of which more than offset the negative impact of higher raw material prices. Finally, third quarter results from our Specialty Products segment declined slightly year-over-year. This reflects a lower contribution from recovery and recycling activities related to the appreciation of the Canadian dollar, higher raw material costs most notably resin, and slightly lower volumes, the effects of which were only partially offset by higher selling prices in industrial and consumer products.

At the corporate level, we are pleased with the progress of our internal transformation initiatives and ERP system implementation, which we expect will be finalized by the end of the year, as planned, after which we will turn our focus toward optimization. We are similarly pleased with the advancements made in our strategic plan, which include the solidifying of our Containerboard platform in the Northeastern US via the closure of our New York packaging plant and planned sale of the related property, and construction of a new state of the art containerboard converting facility in New Jersey . Finally, we have continued to make progress on our commitment to decrease our leverage ratio to within a range of 3.0x - 3.5x, which, when including results from Greenpac over the last 12 months, now stands at 3.6x on a pro-forma basis."
(Cascades Inc.)

Newsgrafik #118582

Mayr-Melnhof: Results for the first three quarters of 2017  (Company news)

- Results close to last year’s high level
- Solid sales and volumes
- Acquisition of cosmetics packaging site in Poland
- Expectations for 2017 intact

The Mayr-Melnhof Group was able to continue the ongoing improvement over the course of the year with the good third quarter and, as expected, after three quarters draw close to the high level of the previous year’s results. Both divisions contributed to maintaining the Group’s profitability with overall good utilization of the plant capacities and consistent price and cost management. Moreover, the cartonboard division succeeded in gradually compensating the sharp price increase for the strategic raw material of recovered paper.

With the acquisition of a packaging site for cosmetic and personal care products in Bydgoszcz, Poland, MM Packaging continued to expand its portfolio in the high-grade product segment. The folding carton company most recently generated annual sales of around EUR 16 million. The seller was ASG Poland. The company, MMP Premium Polska, will be integrated into the Group from the 4th quarter of 2017. The aim is to generate new growth and value creation potential through integration and productivity increase with now four packaging sites in Poland.

Furthermore, as a result of ongoing investment activity organic growth opportunities have been enhanced in and outside of Europe.

Our goal for 2017, to reach the result of the previous year as best as possible, remains unchanged.

The Group’s consolidated sales totaled EUR 1,749.1 million and were thus 2.1 %, or EUR 35.3 million above the previous year’s value (1-3Q 2016: EUR 1,713.8 million). Both divisions contributed to the slight increase.

With EUR 158.9 million, operating profit reached the previous year’s level (1-3Q 2016: EUR 160.2 million). The Group’s operating margin thus remained stable at 9.1 % (1-3Q 2016: 9.3 %).

Financial income of EUR 1.6 million (1-3Q 2016: EUR 2.3 million) contrasted with financial expenses of EUR -4.5 million (1-3Q 2016: EUR -4.7 million). As a result of the deconsolidation of the Tunisian packaging companies in the second quarter, a one-off expense of EUR 2.3 million was incurred due to accumulated foreign currency translation, which is reported under “Other financial result – net”.

Accordingly, profit before tax totaled EUR 151.9 million and was 2.6 % below the comparative figure of the previous year (1-3Q 2016: EUR 155.9 million). Income tax expense amounted to EUR 38.6 million (1-3Q 2016: EUR 40.4 million), resulting in an effective Group tax rate of 25.4 % (1-3Q 2016: 25.9 %).

At EUR 113.3 million, the profit for the period almost reached the previous year’s figure (1-3Q 2016: EUR 115.5 million).

After a pickup in the middle of the year, the volume of incoming orders settled again to a stable level. General conditions, however, continue to be marked by intense competition, and require continuous measures for improvement in cost efficiency and product optimization. MM Karton as well as MM Packaging are successful in maintaining their profile in this, with future business performance likely to be characterized by continuity. Despite a slight easing in peak prices for recovered paper, fiber costs are currently still at a high level. Our aim for 2017, to reach the record result of 2016, remains intact, but owing to the strong closing quarter of the previous year further on challenging.

MM Carton
Following the gradual improvement in demand on the European cartonboard market throughout the first three quarters of 2017, MM Karton’s average order backlog increased to around 82,000 tons, after 47,000 tons in the first nine months of the previous year. At 98 % (1-3Q 2016: 98 %) capacities of the division continued to be almost fully utilized.

A special challenge was the significant price increase for the strategic raw material of recovered paper, which could be successfully offset by successive improvements in cartonboard prices and a selective sales policy. Prices for recovered paper were driven by strong demand from Asia in the first half-year, as well as stockpiling for new European corrugated base paper plants and increasingly strengthening demand in Europe.

Both cartonboard production as well as tonnage sold, at 1,269,000 tons and 1,266,000 tons respectively, were above the comparative figures for the previous year (1-3Q 2016: 1,255,000 tons and 1,258,000 tons respectively). With a share in sales of approximately 80 % to Europe and 20 % to markets outside of Europe, slightly more was sold to non-European markets (1-3Q 2016: 82 % and 18 % respectively).

Sales rose moderately to EUR 788.9 million (1-3Q 2016: EUR 777.5 million) due to prices and volumes. Operating profit,
at EUR 54.6 million, was slightly above the comparative period (1-3Q 2016: EUR 54.4 million), thus the operating margin at 6.9 % was maintained at previous year’s level (1-3Q 2016: 7.0 %).

MM Packaging
Following a restrained start of the year, demand on the European consumer goods market, and consequently also for folding cartons, has seen a slight upturn since the end of the second quarter. Incoming orders at MM Packaging followed this trend, resulting in overall improved capacity utilization but with continuing heterogeneity between the plants. Price competition remained intense, on the one hand because of high cost and optimization pressure in our customer industries, on the other hand as a consequence of sufficient production capacities on the European market. Additionally there was the need to pass on price increases for recycled cartonboard from the middle of the year.

MM Packaging, however, succeeded in maintaining the good profitability level under these challenging circumstances through a consistent focus on cost leadership as well as market and product development. Through increased investment activity growth opportunities in and outside of Europe were pursued, and new cost optimization potential addressed.

Sales climbed by 2.3 % to EUR 1,036.8 million (1-3Q 2016: EUR 1,013.4 million). At EUR 104.3 million, operating profit approached the previous year’s figure (1-3Q 2016: EUR 105.8 million). The operating margin was accordingly solid at 10.1 % (1-3Q 2016: 10.4 %).

Tonnage processed remained unchanged at 570,000 tons, while the sheet equivalent rose slightly to 1,707.4 million
(1-3Q 2016: 1,689.3 million).

Acquisition in Poland
At the beginning of October 2017, the divison MM Packaging acquired the folding carton site of ASG Poland in Bydgoszcz, Poland, in form of an asset deal for around EUR 9.0 million. The company produces packages for cosmetic and personal care products. Integration into the Group will be effected from the 4th quarter of 2017.

Expansion in Iran and Vietnam
The development of our sites in Tehran, Iran, and Ho Chi Minh City, Vietnam, continued with the extension of our machinery in technology and capacity with a focus on high performance and quality.

Expansion in Jordan
In Jordan, capacities at the site in Amman were expanded as well as technologically enhanced in order to allow further progress in the growth with international customers.

New set-up in Tunisia
In Tunisia, the production of MM Packaging was transferred to the local market leader, Société Tunisienne des Emballages Modernes, in return for a share of 45 % in that company in order to exploit synergies.
(Mayr-Melnhof Karton Gesellschaft m.b.H.)

Newsgrafik #118584

Rottneros invests another 117 SEK within the framework of Agenda 500  (Company news)

As a next step in the capacity development of Rottneros Mill (photo), Rottneros’ Board has granted further investments in the CTMP line. The investment, CTMP Step 2, increases capacity by approximately 18,000 tonnes per year and is expected to be operational in the fall of 2018. The investment follows the strategic development plan Agenda 500, where a first capacity-enhancing investment in the CTMP line was made in 2016. Within Agenda 500, Rottneros Mill has put into operation a bio mass boiler in the third quarter of 2017 that replaces an oil-based boiler and made the mill practically fossil-free. The expansion of the purification plant is an ongoing investment that is expected to be put into operation in 2018.

The Rottneros Mill has a strong position as a supplier of high yield pulp. With increased capacity, we ensure that Rottneros can be a reliable supplier of CTMP and an attractive partner for our customers, says Lennart Eberleh, President and CEO of Rottneros AB.

The Vallvik Mill was granted a new environmental permit in 2016 which allows production of 255,000 tonnes of chemical pulp per year. The permit also includes increased requirements regarding sulfur emissions. In order to meet the requirements, the mill will invest in a weak gas collection system. Final negotiations with the potential suppliers will begin immediately. The investment is expected to be put into operation in Q4 2018.

Agenda 500 includes both environmental and capacity investments. For Vallvik Mill, the investment in the weak gas collection system is another environmental investment to ensure the long-term sustainability of the mill, comments Lennart Eberleh, President and CEO of Rottneros.
(Rottneros AB (publ))

Newsgrafik #118585

Verso Corporation Reports Third Quarter 2017 Financial Results  (Company news)

Verso Corporation (NYSE: VRS) reported financial results for the third quarter of 2017, including net sales of $621 million, net income of $4 million, and adjusted EBITDA of $47 million.

"Verso rebounded significantly in the third quarter, from the second quarter of 2017, as a result of better pricing, increased sales in the growing specialty papers market, less downtime and continuing, aggressive cost reduction initiatives," said Verso Chief Executive Officer, B. Christopher DiSantis (photo). "We significantly improved cash flow and retired a substantial amount of debt while increasing liquidity. Verso moves into the fourth quarter with strong earnings momentum driven by a full order book, no planned downtime and a much leaner administrative cost structure."

Comments to Results of Operations - Comparison of Three Months Ended September 30, 2017 to Three Months Ended September 30, 2016
-Net sales for the third quarter of 2017 decreased by $54 million compared to the third quarter of 2016. The sales decline was primarily attributable to a decrease in total sales volume due to the general softening of demand for coated papers and our capacity reductions at our Androscoggin Mill, partially offset by a 1% increase in price.
-Gross margin, excluding depreciation, amortization, and depletion expenses, increased from 4.9% of net sales in the third quarter of 2016 to 11.1% in the third quarter of 2017. Gross margin in the third quarter of 2016 was negatively impacted by work-in-process and inventory fair value adjustments associated with fresh-start accounting of $41 million. Without these fresh-start accounting adjustments, gross margin percentage would have been relatively flat quarter over quarter. Gross margin in the third quarter of 2017 was positively impacted by reductions in manufacturing overhead costs, lower maintenance costs, timing of major maintenance activities which were performed more during the third quarter in 2016 versus the second quarter in 2017, capacity reductions at the Androscoggin Mill and increased sales price, offset by lower sales volume, higher freight rates and the effects of taking downtime at our mills.
-Depreciation, amortization and depletion for the third quarter of 2017 was lower than the third quarter of 2016, which was attributable to the capacity reductions at our Androscoggin Mill and reduction in the carrying value of our property, plant and equipment as a result of adopting fresh-start accounting.
-SG&A expense reduction was primarily attributable to cost reduction initiatives implemented across the Company.
-Reorganization items, net for the Predecessor period from July 1, 2016 to July 14, 2016 was a net gain of $1,302 million, primarily attributable to adjustments to reflect the non-cash gain associated with the elimination of debt, offset by the non-cash impact of fresh-start accounting and professional fees directly associated with our Chapter 11 cases.

Comments to Results of Operations - Comparison of Nine Months Ended September 30, 2017 to Nine Months Ended September 30, 2016
-Net sales for the first nine months of 2017 decreased by $173 million compared to the first nine months of 2016. The sales decline was attributable to both a decrease in total sales volume and a decrease in pricing due to the general softening of demand for coated papers and our capacity reductions at our Androscoggin Mill, partially offset by improvement in product mix.
-Gross margin, excluding depreciation, amortization, and depletion expenses, decreased from 9.4% of net sales in the first nine months of 2016 to 7.6% in the first nine months of 2017. Gross margin in the first nine months of 2016 was negatively impacted by work-in-process and inventory fair value adjustments associated with fresh-start accounting of $41 million. Gross margin in the first nine months of 2017 was negatively impacted by lower sales volume, lower sales prices, inflation in chemicals and energy costs and inventory reduction initiatives, partially offset by lower wood costs and reductions in manufacturing overhead costs.
-Depreciation, amortization and depletion for the first nine months of 2017 was lower than the first nine months of 2016, which was attributable to the capacity reductions at our Androscoggin Mill, the closure of the Wickliffe Mill and the reduction in the carrying value of our property, plant and equipment as a result of the adoption of fresh-start accounting, partially offset by accelerated depreciation in the first quarter of 2017 in connection with the temporary idling of the No. 3 paper machine at our Androscoggin Mill.
-SG&A expense reduction was attributable to cost reduction initiatives implemented by management across the Company, reduced pre- and post-reorganization costs as well as a reclassification of 2017 SG&A to cost of products sold, attributable to a change in accounting policy adopted in connection with fresh-start accounting.
-Restructuring charges for the first nine months of 2017 are primarily associated with the closure and relocation of the Memphis office headquarters and closure of the Wickliffe Mill. Restructuring for the first nine months of 2016 consisted primarily of non-cash fixed asset write-down charges from the closure of our Wickliffe Mill.
-Other operating income for the first nine months of 2016 was $55 million, primarily attributable to the sale of hydroelectric facilities in January 2016.
-Reorganization items, net for the Predecessor period from January 1, 2016 to July 14, 2016 was a net gain of $1,338 million, primarily attributable to adjustments to reflect the non-cash gain associated with the elimination of debt, offset by the non-cash impact of fresh-start accounting and professional fees directly associated with our Chapter 11 cases.

The Company is providing the following guidance:
2017 Fourth Quarter
-Sales of $635-645 million
-Capital expenditures of $15-18 million

Presentation of Predecessor and Successor Financial Results
Verso Corporation (the "Company") adopted fresh-start reporting as of July 15, 2016 (the "Effective Date"), the effective date of its First Modified Third Amended Joint Plan of Reorganization under Chapter 11 of the U.S. Bankruptcy Code dated June 20, 2016, and the date that Verso emerged from its Chapter 11 cases. As a result of the application of fresh-start reporting, the Company's financial statements for periods prior to the Effective Date are not comparable to those for periods subsequent to the Effective Date. References to "Successor" refer to the Company on or after the Effective Date. References to "Predecessor" refer to the Company prior to the Effective Date. Operating results for the Successor and Predecessor periods are not necessarily indicative of the results to be expected for a full fiscal year. References such as the "Company," "we," "our" and "us" refer to Verso Corporation and its consolidated subsidiaries, whether Predecessor and/or Successor, as appropriate.

Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA
EBITDA consists of earnings before interest, taxes, depreciation, and amortization. Adjusted EBITDA reflects adjustments to EBITDA to eliminate the impact of certain items that we do not consider to be indicative of our performance. We use EBITDA and Adjusted EBITDA as a way of evaluating our performance relative to that of our peers and to assess compliance with our credit facilities. We believe that Adjusted EBITDA is a non-GAAP operating performance measure commonly used in our industry that provides investors and analysts with a measure of ongoing operating results unaffected by differences in capital structures, capital investment cycles, and ages of related assets among otherwise comparable companies.

We believe that the supplemental adjustments applied in calculating Adjusted EBITDA are reasonable and appropriate to provide additional information to investors.
(Verso Corporation)

Newsgrafik #118587

SCA Packaging Obbola extends online monitoring in pulp mill with Intellinova Parallel EN  (Company news)

Swedish pulp and kraft linerboard mill SCA Packaging Obbola is now investing in its first two online systems of the Intellinova Parallel EN model, the most recently developed SPM online system which is also very well-suited to Industry 4.0, where data quality is a success factor.

Photo: The SCA plant in Obbola. Photo:

Intellinova Parallel EN is a high-performance online condition monitoring system with sixteen channels, with parallel and synchronous measurement capacity on all channels. The system offers extensive functionality and flexibility to suit different measurement configurations. The SCA purchase also includes thirty-two DuoTech accelerometers, which effectively combine vibration and shock pulse measurement in the same sensor using the two patented HD ENV and SPM HD technologies.

High-quality HD data and good connectivity to other systems make the Intellinova Parallel EN system work well in Industry 4.0 contexts, where data quality is essential for high-precision analysis and good decision-making.

The online systems will monitor the mechanical condition of a wash press and a wash filter, both of which are low-speed applications. For four of the bearings in the wash filter, the rotational speed is as low as 2 RPM. Measurement data is analyzed in the comprehensive Condmaster Ruby 2018 software, which offers a wealth of practical analysis and diagnostic features. Installation and deployment of the systems take place before the end of 2017/2018 in cooperation between SCA and SPM.

Maintenance engineer Per Wiklund stated: "With this equipment, we will be able to act more proactively – that way we will increase the availability of the plant."

Other versions of the Intellinova online system have been in use for several years at Obbola, including a wash press in the digester plant, as well as on the wire, press, and dryer sections of the linerboard machine.
(SPM Instrument AB)

Newsgrafik #118599

Lecta's New GardaPremium Natural Catalogue  (Company news)

The new swatchbook highlights the paper’s attractive natural shade

GardaPremium Natural is a 2 side coated woodfree silk paper with a smooth
surface and a natural shade. It offers good thickness, extraordinary runnability, high stiffness and good resistance to cracking on fold, in addition to high opacity. These characteristics guarantee excellent print results for any type of project, as with all of Lecta’s premium coated papers.

With the new GardaPremium Natural catalogue, you can directly observe the paper’s natural white shade, obtained without the addition of optical brighteners. This neutral tone is perfect for enhancing color as well as black-and-white images, highlighting every detail.

The catalogue, whose sober and elegant design features the emblematic fan-shaped leaf of the gingko tree, contains printed and unprinted samples of the different grades available: 135, 150, 170 and 200 g/m2, along with detailed technical information in English and Italian.

Newsgrafik #118561

Spare parts go digital: a boost for the industrial spare parts business  (Company news)

Five percent of spare parts could currently be stored in digital warehouses. This would make parts more quickly and easily available, while creating considerable cost savings. Digitalisation will also enable individual customisation and an increase in the intelligence of parts.

A two-year project involving companies, and led by VTT Technical Research Centre of Finland and Aalto University, investigated how businesses can gain a competitive advantage from digital spare parts.

Spare parts and all of the related information can be stored and transferred digitally. Availability increases when a new spare part can be 3D-printed according to need, close to the end user.

“Industry now has every opportunity to boost business by making spare parts into a focus area of development. Around five percent of parts can currently be manufactured digitally, according to need. 3D printing technology has reached the stage where high-quality manufacturing is possible,” says Sini Metsä-Kortelainen, VTT’s project manager for the project.

Big production plants maintain large spare-part warehouses, where a vast number of parts wait for long periods before being used.

“Capital is released for more productive use when stock decreases. Demand-based manufacturing also reduces the environmental burden, because spare parts are not left unused. Another major opportunity lies in reducing downtimes through faster spare-part manufacture,” says Mika Salmi, project manager of the project for Aalto University.

The research project found that digital spare parts are particularly appropriate in the case of extremely old or rarely needed parts, the warehousing or availability of which would not be viable. “We have a lot of individual items and are keenly awaiting the new flexibility and speed 3D production will bring,” says Petri Strengell, Group Vice President of Raute.

The challenge is digitizing of parts
Manufacturers are already using 3D printing in product development and, to an increasing extent, in the production of spare parts. However, most spare parts are designed for manufacture by traditional methods – information that would enable their direct 3D printing is unavailable. The challenge lies in identifying 3D-printable parts from spare part libraries and arranging the data in such a manner that all other manufacturing information is available in addition to 3D models. The automotive industry is the first sector to engage in digitalisation.

The project also involved the development of concepts for the future. Digital manufacturing enables the customisation of parts as needed, making countless numbers of product versions or upgrades possible. In addition, various identifiers or sensors can be added to spare parts during manufacture, enabling the functioning of machines and equipment to be monitored or parts to be authenticated. If a spare part is equipped, say, with a wear sensor, as it wears the part can even initiate the manufacture of a replacement itself.

Valued at around EUR 1.4 million, the project forms part of Tekes’ Industrial Internet programme. Launched at the beginning of 2016, the project is funded by Tekes and the participating research organisations and companies: 3DTech Oy, ABB Oy Drives, AM Finland Oy, Hetitec Oy, Kone Corporation, Laserle Oy, Materflow Oy, Grano Oy, Patria Aviation Oy, Raute Corporation, Rolls-Royce Oy Ab, Sacotec Components Oy and Wärtsilä Finland Oy. The Finnish Technology Industries Federation is a partner of the project.
(VTT Technical Research Centre of Finland)

Newsgrafik #118570

Toscotec successfully completed a dryer section rebuild for Smurfit Kappa in Barbosa (Colombia)  (Company news)

In 2016 Smurfit Kappa awarded Toscotec with the rebuilding of the Company´s Barbosa paper machine’s dryer section. The target operating speed of the machine after startup was set at 1,000 mpm.

Following an extensive project that lasted 25 months, with 36 days of setup from paper to paper, the PM was successfully commissioned and started up in July 2017.

The main target of the project was to improve the efficiency of the PM, by increasing its operating speed and production. The alliance between Toscotec and Smurfit Kappa has lead the packaging company to increase containerboard production to 120,000 tonnes per year which means an increase in the corrugating machines production.

Enrico Fazio, Toscotec’s Paper & Board Sales Manager stated, “Toscotec’s long-standing experience in dryer section rebuilds, using TT SteelDryer, our unique dryers with an extremely high drying capacity, and the advanced rope-less tail threading system, was the deciding factor in the customer’s choice. We are very proud of our partnership with Smurfit Kappa and we would like to thank the SK team in Barbosa for their great cooperation during the entire project”.

According to Carlos Mario Londoño, the project manager, "This was a very complex project to carry out. Thanks to the collaboration of suppliers such as Toscotec, we achieved the our goal within the time we had established”.
(Toscotec S.p.A.)

Newsgrafik #118572

MPM: Announcing New Senior Technical Sales Manager  (Company news)

Dawn Soucek (photo) has joined the Sales and Marketing team of Monadnock Paper Mills, Inc. as a Senior Technical Sales Manager. Dawn is a proven business development professional with extensive experience in technical/specialty papermaking.

For over 11 years, Dawn was responsible for developments in specialty barriers and packaging at Verso Specialty Papers. Dawn excels in building customer relationships and assessing complex requirements across a broad range of markets and applications.

“Dawn will represent Monadnock from her home base in Stevens Point, Wisconsin. We are looking forward to growing our presence in the mid-west region of the United States where there are significant growth opportunities for Monadnock’s technical/specialty papers,” said Brendan Lesch, vice president of sales and marketing at Monadnock. “Dawn’s background in packaging, chemistry and applied sciences will help us accelerate the development and customization of new products.”
(MPM Monadnock Paper Mills Inc.)

Newsgrafik #118576

Kemira celebrated its new production line in Joutseno, Finland – production capacity nearly doubled  (Company news)

​Kemira celebrated on November 7 the opening of its new sodium chlorate production line in Joutseno, Finland.

The first production line for sodium chlorate started in Joutseno around 40 years ago and the latest expansion announced in March 2016 was finalized slightly ahead of the planned schedule. Kemira is globally the biggest supplier of pulp and paper chemicals, and the global leader in the chemical water treatment in Europe and USA.

Kemira invested approximately EUR 50 million in the new production line which is among the biggest manufacturing site investments in Finland made in recent years. In addition, it is South Karelia’s second-largest industrial project in 2016–2017. The construction project employed 200 people during the most active construction phase.

The new production line for sodium chlorate uses Kemira’s own patented technology, and the new expansion nearly doubled the manufacturing site’s production capacity. Daily, about 10 sodium chlorate trucks leave the site to Finland and abroad.

“This investment strengthens Kemira’s position as the leading chemical supplier for the pulp & paper industry globally. The consumption of bleaching chemicals is increasing due to the recent pulp mill expansions and the announced greenfield projects in the Nordics. We want to be ready to serve our growing customer industry even better now and in the future” says Kim Poulsen, President, Pulp & Paper segment.

”Kemira will turn 97 this year. During these almost 100 years, we have gained extensive knowledge and technology to serve our customers in the best possible way. The Joutseno expansion is one example of our know-how and of our long-term commitment to serve the pulp and paper industry. Our goal is to be the most customer oriented company in the industry and we want to be the first choice in chemistry for our customers” continues Poulsen.
(Kemira Chemicals Oy)

Newsgrafik #118541

BOBST launches SPEEDPACK - The ultimate packer  (Company news)

BOBST announced the launch of SPEEDPACK, an innovative automatic packer for corrugated packaging that will allow users to realize the full potential of their BOBST folding-gluing lines. With the highest possible number of batches per hour and very short set-up times, it drastically increases productivity.

“SPEEDPACK is a revolutionary corrugated-box packer that gently picks up boxes as they exit the folder-gluer and batches them up in exactly the right way – quickly and reliably, while preserving the quality of your boxes,” said Jacques Reymond, Head of Product Marketing of Business Unit Sheet-fed. “We have listened to what our clients say they most need to optimize their folding-gluing machines and SPEEDPACK delivers exactly that. We believe it sets a new benchmark in this space.”

Thanks to its exceptionally fluid operation, its minimal footprint and optimal ergonomics and accessibility — which render set up times for repeat orders negligible — this robust packer can process literally any type of box, while maintaining irreproachable levels of quality. What’s more, the machine is completely modular, making it a future-proof investment that can grow with your business.

“The machine will help to reduce costs and optimize quality and line efficiencies, enabling a rapid return on investment,” said Emilio Corti, Head of Sales of Business Unit Sheet-fed. “As the most productive packer on the market, we believe SPEEDPACK will become the natural extension of your corrugated folder-gluer.”

BOBST presented SPEEDPACK for the first time at a FEFCO technical seminar in October 2017, publically demonstrating the significant added value it can generate.
(Bobst Mex SA)

Newsgrafik #118554

BÖWE SYSTEC Exclusive Days  (Company news)

BÖWE SYSTEC, the Augsburg postpress and logistics automation specialist, offers a regular opportunity to take a look behind the scenes of the company at its "Exclusive Days". The next one will be held in mid April 2018.

Something to get excited about on April 18, 2018
Wednesday April 18, 2018 is a date for production mailing centers and logistics experts to enter in their diaries right away. This is the day when BÖWE SYSTEC will invite them to its next in-house event, the "Exclusive Days" in Augsburg.

International visitors to the manufacturer’s in-house event particularly like its informal, familiar atmosphere and the opportunity it gives them to learn about BÖWE SYSTEC’s product highlights and to have face-to-face discussions about solutions to meet their own individual requirements.

So, make a date next spring to attend the mix of informative presentations and live demonstrations of current systems in areas such as inserting, card mailing as well as packet and parcel sorting – not to mention learning about exciting new developments!

Register now
If you would like to attend the “BÖWE SYSTEC Exclusive Days”, kindly get in touch with your local BÖWE SYSTEC sales contact.

For further information go to:

Save the date!
- BÖWE SYSTEC Exclusive Days
- April 18, 2018
- BÖWE SYSTEC Headquarters | Augsburg, Germany
- Register now with your local BÖWE SYSTEC sales contact
(Böwe Systec GmbH)

Newsgrafik #118555

Smurfit Kappa leads the way in sustainability with new water milestone   (Company news)

Sustainable packaging leader Smurfit Kappa has announced that it has slashed the chemical oxygen demand (COD) in its water discharge three years early.

The company had set an ambitious goal to improve the quality of its water quality by reducing the COD by 1/3 per tonne of produced paper by the end of 2020 compared to 2005. This significant improvement in water quality is an important step for protecting aquatic life and comes after extensive research and development.

Smurfit Kappa invested over €60 million in sustainable water treatment technology installing anaerobic water treatment processes that do not need oxygen and subsequently use less energy, followed by aerobic treatment to ensure low COD results. The treatment transforms water pollutants into biogas which is then reused as fuel in the company’s combined heat and power plants.

This milestone is the latest in a series of sustainability achievements and follows on from Smurfit Kappa reaching full chain of custody certification for its entire raw material supply chain earlier this year.

Speaking about achieving the latest goal, Steven Stoffer, VP of Development at Smurfit Kappa said: “We are very proud to have reached our water target in 2017, three years ahead of our 2020 goal. This is thanks to the extensive knowledge and experience we have gained in water treatment over the past decades and our focus on closing loops wherever possible. We aim to return all our water to nature as clean as before.”

“With our commitment to Forest Certification and Chain of Custody certified products, Smurfit Kappa is also actively contributing to the management and protection of the forests’ natural water cycle. By complying with certified sustainable forest management according to FSC®, PEFC™ and SFI® standards, we are proud to protect and support nature’s very important water manager.”

Water is one of the five key sustainability areas for Smurfit Kappa along with Forest, Climate Change, Waste and People.
(Smurfit Kappa Group Headquarters plc)

Newsgrafik #118556

New fluff capacity on its way   (Company news)

Work on two major investment projects
During the annual shutdown, the installations for two major investment projects were done. One project is a new gas collection system that will reduce sulfur emissions and increase the mill’s environmental performance. This investment is worth EUR 15 million and is expected to be completed by the end of 2017.

Photo: Skutskär mill’s annual maintenance shutdown was in October. There were over 1 700 jobs that were planned to be performed during the just over two-week stop: maintenance shutdown, maintenance, inspections, cleaning, service, repairs and connection of new equipment were carried out. "The annual maintenance shutdown is a prerequisite for being able to rebuild our mill so that we are able to produce pulp around the clock for the rest of the year," says Henrik Holm, Mill Director at Stora Enso Skutskär mill.

The second major project in progress is to increase the production of fluff pulp by approximately 160 000 tonnes per year. This investment is EUR 26.5 million and is expected to be completed during the second quarter of 2018. Fluff pulp is mainly used in airlaid hygiene products, such as diapers, feminine care and adult incontinence products. It is also used in tabletop products and wipes. Both hygiene and non-woven products are fast-growing markets. This capacity increase will enable Stora Enso to support the growth of our customers and further develop the business with them. Stora Enso’s mill in Skutskär is the biggest fluff pulp producer in Europe.

Well prepared
Thorough planning prior to maintenance shutdown is essential. Work is ongoing throughout the year to ensure that the maintenance shutdown is as successful as possible. In order for all the work to be done, the regular staff of 350 people gained reinforcement of 1300 contractors. "There were many people in place and a lot of work to be done. But we were well prepared for this gigantic teamwork," says Henrik Holm.

Top priority in safety
Safety has always the highest priority in Stora Enso. "Everybody home safe every day" is the motto that applies to all work that is done in the company. During the shutdown, for example, employees made daily safety tours at the mill and all contractors had to take local safety training before starting their work at the mill. "I am very satisfied with the fact that we did not have any serious accidents in this massive shutdown with so many jobs and many contractors involved. Good work was performed in order to reach this. However, we also realised that we have areas to further strengthen and improve in our safety performance and we will start that work immediately", concludes Henrik Holm.
(Stora Enso Fine Paper Skutskär Pulp Mill)

Newsgrafik #118557

Neenah Paper Announces Corporate Name Change to Neenah, Inc. Effective January 1  (Company news)

Neenah Paper, Inc. (the "Company") announced that the Company will change its name to Neenah, Inc. effective on January 1, 2018. The Company's ticker symbol on the New York Stock Exchange will remain "NP" and names of subsidiaries will not be affected.

"As we've continued to successfully execute our strategy to increase our presence in growing and profitable specialty niche markets, the last name of "paper" does not sufficiently reflect the diversity of our current and future company," said John O'Donnell, Chief Executive Officer. "The Neenah name, however, will continue to represent a product portfolio known for high performance and premium quality, as well as a company appreciated for its disciplined capital allocation and commitment to providing attractive returns to investors."
(Neenah Paper Inc.)

Newsgrafik #118558

SteriKraft® Protect S joins BillerudKorsnäs protect paper range  (Company news)

BillerudKorsnäs SteriKraft® Protect, manufactured from pure cellulose with no polymeric additions, is a unique medical packaging paper which is up to 20 percent stronger gram for gram than a normal paper. This gives a very special range of properties. The paper is fully compatible with direct seal films and highly cost effective, whilst offering substantially more protection for the packed device.

Building on the existing SteriKraft® Protect EO for low temperature sterilisation (EtO & Radiation), Protect S brings full compatibility with steam sterilisation (134°C) with high porosity and enhanced wet strength. Also, like Protect EO and BillerudKorsnäs SteriKraft® PeelClean range, Protect S offers strong seals and fibre free clean peels due to advanced size press coating technology.

SteriKraft® Protect EO is recommended for more challenging applications where cost effectiveness is still a key requirement eg IV catheters, large syringes, nutritional administration sets etc. SteriKraft® Protect S adds prefilled syringes, large hospital pouches and dialysis filters etc. to this list. As with all other papers in BillerudKorsnäs' SteriKraft® range, Protect S is fully approved under the relevant sections of EN868 and ISO 11607-1.

"Protect S compatibility with direct sealing combined with steam compatibility and with a significant increase in strength over a standard paper, all very cost effectively, fills a real need in the market," explains Jonathan Andrews, Business Development Director Medical at BillerudKorsnäs.

World launch at COMPAMED in Düsseldorf
The new BillerudKorsnäs SteriKraft® Protect S has been displayed for the first time at Compamed tradefair “Hightech solutions for medical technology” 13-16 November in Düsseldorf, Germany.
(BillerudKorsnäs AB (publ))

Newsgrafik #118560

Heidelberg achieves net profit after taxes for first half of year  (Company news)

-Group sales almost the same as previous year at €1,054 million
-Operating result (EBITDA) improves from €45 million to €60 million – EBITDA margin reaches 8.2 percent in second quarter
-Net result after taxes increases by €28 million – positive half-year result for the first time in ten years
-Success in strategic development – high demand for digital presses, establishment of new business models, and kickoff of a transformation program to drive operational excellence
-Exchange rate effects and reluctance to invest on the U.S. market
-Sights still set on targets for financial year 2017/18 as a whole

Heidelberger Druckmaschinen AG (Heidelberg) made further progress in operational and strategic development in the first half of 2017/18 (April 1 to September 30, 2017). Thus profitability improved significantly, resulting in a half-year net profit after taxes of €+0.3 million for the first time since financial year 2007/08. In the second quarter, the company made further progress in its future-oriented strategic issues such as technology leadership, digital transformation, and operational excellence. This was achieved through, among other things, market successes with innovative digital presses, establishing new business models, and enhancing efficiency by adapting leadership structures.

“The process of converting our company into a state-of-the-art digital technology group is progressing well,” says Rainer Hundsdörfer (photo), CEO of Heidelberg, and continues: “With the launch of new subscription models for our customers and our portfolio of innovative products for the eMobility growth sector, we’re moving into new territory that offers enormous potential for growth. Heidelberg will be setting new standards when it comes to technologies of the future, digitization, and efficiency. The necessary cultural shift has only just begun.”
(Heidelberger Druckmaschinen AG)

Newsgrafik #118544

Voith sets records with start-up of XcelLine tissue machine supplied to Little Rapids Corp  (Company news)

Voith Paper concluded, in October, the start-up of the new XcelLine VTM 3 tissue machine it has supplied to US tissue and specialty paper manufacturer Little Rapids Corporation. The new machine has replaced the company’s old PM 3 at its Shawano production facility in Wisconsin.

Photo: The scope of supply of the new Voith XcelLine tissue paper machine included auxiliary equipment, stock preparation, approach flow systems, a steam box, a gas hood, and a mist removal and dust reduction system. The order was rounded off by Voith's automation package, comprised of the DCS and MCS systems, as well as field services. The Yankee cylinder has been reused from the old machine.

The new VTM 3 went online six days ahead of the contract schedule, thereby achieving a total plant downtime of just 30 days from paper to paper, that is, between dismantling the previous equipment and erecting and starting-up the new machine. Besides this outstanding achievement, the second jumbo roll of tissue paper already provided marketable quality, and the machine reached its maximum operating speed during its first week in service.

All of the new VTM 3’s technologies and components are seamlessly coordinated and integrated with each other. Besides the new XcelLine tissue paper machine and its auxiliary equipment – not counting the Yankee cylinder, which has been reused from the old machine – Voith’s scope of supply also included stock preparation and approach flow systems, a steam box, a gas hood, and a mist removal and dust reduction system. The order was rounded off by Voith's automation package, comprised of the DCS and MCS systems, as well as field services.

This project’s key benefits include an improvement in paper quality and increased production capacity, since the new machine will now be producing at a speed of more than 1,800 meters per minute.

All of these measures are not only indicative of the project’s enormous success, but also the outstanding synergy between the Voith, Little Rapids Corporation, and Contract Companies teams. “We are extremely proud of the teamwork demonstrated by all parties involved to safely execute the rebuild within a very compressed timeframe. We are also encouraged by the performance that we are seeing at this early stage of the machine’s start-up ramp and optimistic that this investment will provide additional capabilities and quality enhancements that our customers value,” said Ron Thiry, Vice President and General Manager at Little Rapids Corporation.
(Voith Paper GmbH & Co KG)

Newsgrafik #118546

Minerals Technologies Signs Agreement with PT Pindo Deli Pulp and Paper Mills, ...  (Company news)

...Part of the Asia Pulp & Paper Group, to Construct an 80,000 Metric Ton Per Year Satellite PCC Plant in Indonesia

Minerals Technologies Inc. (NYSE:MTX) announced that it has signed an agreement with PT Pindo Deli Pulp and Paper Mills, part of the Asia Pulp & Paper Group (APP), to build an 80,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Pindo Deli, Indonesia, located just east of the city of Jakarta. The facility will be operated by Pindo Deli Specialty Minerals (PDSM), a newly created joint venture in Indonesia.

“We are very pleased to expand our relationship with this long-term partner and world-class paper manufacturer,” said Douglas T. Dietrich, Chief Executive Officer. “This agreement follows the signing of a new 125,000 ton per year PCC plant and 40,000 ton expansion with APP in Indonesia earlier this year.”

This facility is scheduled to begin operation in the fourth quarter of 2018. D.J. Monagle III, Group President, Specialty Minerals and Refractories, commented further, “Asia Pulp & Paper is an innovative paper company, and we are pleased that they have confirmed the value of our PCC technology in their fine paper grades. Our PCC will be used as a paper filler to improve brightness, opacity and bulk, and to reduce the cost to the papermaker of higher-cost fiber.”

PCC is a specialty pigment for filling and coating high-quality paper. By substituting Minerals Technologies' PCC for more expensive wood fiber, customers are able to produce brighter, higher quality paper at lower cost. In 1986, Minerals Technologies originated the satellite concept for making and delivering PCC on site at paper mills, and the concept was a major factor in revolutionizing papermaking in North America. Today, the company has nearly 60 satellite plants in operation or under construction around the world and continues to lead the industry with consistent quality and technical innovation.
(MTI Minerals Technologies Inc.)

Newsgrafik #118548

A.Celli Paper for St. Croix Tissue Inc.  (Company news)

A.Celli Paper enthusiastically encourages St. Croix Tissue Inc. (USA) with professionalism by providing equipment in-line with their needs.

A new tissue rewinder and roll handling system by A.Celli Paper for the US company that has recently entered the world of tissue manufacturing.

St. Croix Tissue Inc., located in Baileyville, ME (USA), very close to the Canadian border, is a recently born tissue manufacturing company that can already boast of a long-standing history. Its sister company, Woodland Pulp LLC, has been producing since 1904, and produces a premium quality raw material (bleached hardwood pulp) with wood chips coming from the surrounding forest areas, a portion of which is designated for St. Croix Tissue.

A.Celli Paper provided the Maine facilities with a complete roll handling system, which was started up in March of 2016 and October 2017.

Thanks to this system, the jumbo reels coming from the tissue machine are automatically transferred to the wrapper, making the production process not only more fluid and faster, but also safer. And this also because the new A.Celli Paper handling system is supported by an overhead cranes (it, too, automatic) positioned above the tissue machines, that aids in the most critical phases.

In addition to the roll handling system, the supply also included a new rewinder mod. AC882. Started up in June of 2016, it obtained optimal results, reaching the speed of 1800 mpm with production paper, with no vibration or web break issues, to the customer’s full satisfaction.

Supporting this new company has doubtless been a stimulating experience for A.Celli Paper, and the great results obtained today are a prelude to the inception of a long-lasting relationship, fruit of the customer’s trust, repaid by the competence and professionalism of a provider of technological excellence like the Lucca company, capable of listening to problems and finding an exhaustive answer.
(A. Celli Paper S.p.A.)

Newsgrafik #118549

Cenveo Reports Third Quarter 2017 Results  (Company news)

-Closes Sale of its Office Products Business
-Significant Progress on Implementation of $65 Million 2017 Profitability Improvement Plan
-Company Awarded 2020 U.S. Census Printing and Mailing Contract
-2017 Guidance Update

Cenveo, Inc. (NASDAQ: CVO) reported financial results for the three and nine months ended September 30, 2017. The reported results exclude the operating results of our Quality Park office product envelope business, which we refer to as the Office Products Business, that was sold in the fourth quarter of 2017, and our packaging operating segment as well as our top-sheet lithographic print operation, collectively referred to as our Packaging Business, which was sold during the first quarter of 2016. Both businesses have been classified in our consolidated financial statements as discontinued operations.

Third Quarter 2017 vs. Third Quarter 2016 Overview
-Net sales of $329.5 million compared to $382.7 million.
-Net loss of $28.1 million compared to net income of $9.4 million.
-Adjusted EBITDA(1) of $24.3 million compared to $37.8 million.
-Net cash used in operating activities of continuing operations of $5.1 million compared to cash provided by operating activities of less than $0.1 million.

Management Commentary
"The operating environment we experienced during the first half of the year continued throughout the third quarter. We were again impacted by weakness in our direct mail business driven by softness from our financial institution customers due to lower customer acquisition related mailings. These results were partially offset by the positive effects of our 2017 Profitability Improvement Plan. We are very pleased with the implementation progress and we are on pace to achieve our $65 million target that we announced earlier this year. We are currently working to address our capital structure, particularly our August 2019 maturity, and we look forward to sharing our plans with our investors at the appropriate time," said Robert G. Burton, Sr. (photo), Chairman and CEO of Cenveo.

Mr. Burton continued, "We are also very pleased to announce that Cenveo has been awarded the 2020 U.S. Census printing and mailing contract. This multi-year, $61 million contract is one of the largest printing and mailing contracts ever awarded by the U.S. Government Publishing Office. We are excited and committed to partner with the U.S. Census team and we are confident in our ability to deliver this significant and unique program."

Sale of Office Products Business
Over the course of the second and third quarters of 2017, we have been actively marketing the sale our Office Products Business. On November 8, 2017, we sold our Office Products Business, which we had expected to generate approximately $120 million of net sales and approximately $9 million of Adjusted EBITDA in our 2017 initial guidance. As a result of the sale, the financial results of the Office Products Business are accounted for as discontinued operations. Our historical financial statements have been retroactively adjusted to give recognition to the discontinued operations for all periods presented.

Financial Results
Net sales in the third quarter of 2017 were $329.5 million compared to $382.7 million in the same period last year, a decline of 13.9%. The Company generated net sales of $1.01 billion for the nine months ended September 30, 2017, compared to $1.16 billion for the same period last year, a decline of 13.1%. The sales decline for both the three and nine month periods was primarily driven by: (i) lower sales in the envelope segment, primarily due to lower direct mail demand primarily from our financial institution customers and lower demand in our wholesale and generic transactional envelope product lines primarily due to marketplace trends; (ii) lower sales volumes in the commercial print group and the publisher services group, primarily driven by lower customer demand and continued pricing pressures; and (iii) lower sales in the label segment, primarily due to the decision to exit our coating operation which was completed in the second quarter of 2016, and lower sales driven by customer demand and product mix changes.

Operating loss was $0.5 million for the three months ended September 30, 2017, compared to operating income of $20.2 million in the same period last year. Operating income was $22.6 million for the nine months ended September 30, 2017, compared to operating income of $51.9 million for the same period last year, a decline of 56.5%. The decline during the three months ended September 30, 2017 was primarily due to lower gross profit resulting from lower sales volumes and intangible asset impairments of $7.7 million driven by our current and expected future operating results for certain product lines. The declines in the nine months ended September 30, 2017 were primarily due to lower gross profit resulting from lower sales volumes, the impact of the decision to exit the coating operation, intangible asset impairments of $7.7 million driven by our current and expected future operating results for certain product lines, and higher restructuring and other charges resulting from the 2017 Profitability Improvement Plan. The declines in both periods are partially offset by the benefit of lower selling, general and administrative expenses due to our cost reduction initiatives in connection with the 2017 Profitability Improvement Plan and lower commission expense due to lower sales volumes. Non-GAAP operating income was $12.9 million for the three months ended September 30, 2017, compared to non-GAAP operating income of $24.8 million for the same period last year. Non-GAAP operating income was $50.0 million for the nine months ended September 30, 2017, compared to $65.4 million for the same period last year. A reconciliation of all non-GAAP figures are reported in the tables below.

For the three months ended September 30, 2017, the Company had a loss from continuing operations of $19.4 million, or $2.27 per diluted share, compared to income of $8.1 million, or $0.92 per diluted share, for the same period last year. For the nine months ended September 30, 2017, the Company had a loss from continuing operations of $28.9 million, or $3.38 per diluted share, compared to income of $65.1 million, or $6.84 per diluted share, for the same period last year. Income during our 2016 reported periods was primarily driven by gains on the early extinguishment of debt of $7.4 million and $80.3 million during the three and nine months ended October 1, 2016, respectively, offset partially by the changes noted above to our operating (loss) income. Non-GAAP loss from continuing operations was $7.0 million, or $0.82 per diluted share, for the three months ended September 30, 2017, compared to income of $5.2 million, or $0.58 per diluted share, for the same period last year. Non-GAAP loss from continuing operations was $8.9 million, or $1.04 per diluted share, for the nine months ended September 30, 2017, compared to a loss of $1.5 million, or $0.18 per diluted share, in the same period last year. A reconciliation of (loss) income from continuing operations to non-GAAP (loss) income from continuing operations is presented in the attached tables.

Net loss was $28.1 million for the three months ended September 30, 2017, compared to net income of $9.4 million for the same period last year. For the nine months ended September 30, 2017, net loss was $38.6 million, compared to net income of $68.2 million for the same period last year. Adjusted EBITDA was $24.3 million for the three months ended September 30, 2017, compared to $37.8 million for the same period last year. Adjusted EBITDA was $84.6 million for the nine months ended September 30, 2017, compared to $102.5 million for the same period last year. The significant changes in our Adjusted EBITDA were due to lower gross profit resulting from lower sales volumes and the exit of our coating operation accounting for a reduction of approximately $20.0 million and $37.9 million for the three and nine months ended September 30, 2017, respectively. The declines were partially offset by our profit improvement initiatives, which accounted for an increase of approximately $6.9 million and $18.0 million for the three and nine months ended September 30, 2017, respectively, primarily driven by our operational efficiency projects and position reductions across our operating platform.

Cash flow used in operating activities of continuing operations for the third quarter 2017 was $5.1 million, compared to less than $0.1 million provided by operating activities of continuing operations for the same period last year. Cash flow used in operating activities of continuing operations for the nine months ended September 30, 2017, was $6.2 million, compared to $3.3 million provided by operating activities of continuing operations for the same period last year. The declines in both periods were primarily due to changes in working capital, particularly the timing of payments to vendors and higher inventories due to inventory needs during plant consolidations, partially offset by sales to and collections from our customers.

At September 30, 2017, cash and cash equivalents totaled $6.3 million, compared to $5.5 million at December 31, 2016. Total outstanding long-term debt, including current maturities, was approximately $1.1 billion as of September 30, 2017, an increase of $40.4 million from December 31, 2016, primarily due to net borrowings on our asset-based revolving credit facility, as well as the initiation of certain equipment financing arrangements.

2017 Outlook
"While we are disappointed with our operating results for the first nine months of the year, we remain committed to our longer term strategy of cost containment, growing our market share, and addressing our capital structure. After considering the sale of our Office Product Business, our operating results through the first nine months, and our current view of the fourth quarter, we believe we will achieve Net sales of $1.315 billion to $1.330 billion and Adjusted EBITDA of $110 million to $115 million for the full year 2017. Despite the lower guidance, we believe we will still generate positive Adjusted Free Cash Flow for the full year 2017. Lastly, we currently have liquidity of over $40 million, which we anticipate will improve during the remainder of the year given the fourth quarter is expected to be our heaviest cash flow generation quarter of our year, along with the net proceeds from the sale of our Office Product Business. We look forward to discussing our outlook for the remainder of 2017 and an initial view into our expectations for 2018 on our call tomorrow morning," Mr. Burton concluded.
(Cenveo / Cadmus Specialty Packaging)

Newsgrafik #118551

Report on the 3rd quarter: Koenig & Bauer on track to meeting growth and earnings targets for 20  (Company news)

-4% rise in orders to €903m
-Gains in service and the growth fields of packaging and digital printing
-2% increase in revenue to €848m
-With book-to-bill ratio of 1.07, order backlog of €613m remains at the previous year’s high level
-EBIT of €20.1m and a margin of 6.5% in Q3
-Guidance for 2017 confirmed: revenue of up to €1.25bn and an EBIT margin of around 6%

Following a good third quarter, the Koenig & Bauer group took a large step towards achieving its growth targets for revenue and earnings in 2017, the year in which it was celebrating its 200th anniversary. In the first nine months, order intake rose by 3.9% over the previous year (€869.8m) to €903.4m. “In addition to our expanding service business, the increase in new orders was underpinned by gains in the growth fields of packaging and digital printing,” said CFO Mathias Dähn. CEO Claus Bolza-Schünemann (photo) reported on a first order for the newly developed digital CorruJET sheetfed press addressing the prospering market of corrugated printing, which attracted great customer interest at the trade event FEFCO in Vienna in October. Revenue rose by 2% to €847.7m. With the book-to-bill ratio of 1.07, the order backlog of €613.2m at the end of the quarter remained at the previous year’s high level. EBIT came to €36.4m in the first nine months. The previous year’s figure of €39.2m had been influenced by a catch-up effect of €4.9m from a security press project. Group net profit came to €29.5m (2016: €32.5m), equivalent to earnings per share of €1.79 (2016: €1.98).

Group earnings strengthened by increased Sheetfed profit
Order intake in the Sheetfed segment rose by 11.7% over 2016 (€429.8m) to €480.3m. In addition to the clear increase in service orders, this performance was underpinned by strong demand in the packaging sector and good signings for commercial sheetfed presses and flatbed die-cutters. Revenue grew by 7% from €443.8m in the previous year to €474.7m. The additional revenue with a good service business and lower costs resulted in an increase in segment profit to €20.3m (2016: €17.3m).

Order intake in the Digital & Web segment dropped to €111.1m compared with €128.5m in the previous year particularly as a result of fewer new contracts for web offset presses for newspaper and commercial printing. Reflecting this, revenue came to €113.2m, down 8.8% on the previous year (€124.1m) despite the growth in service business and digital printing presses. The positive earnings trend in web offset and digital printing business came under strain from optimisation efforts at KBA-Flexotecnica, resulting in segment EBIT of –€3.6m compared with the previous year’s figure of –€1.9m.

In the Special segment, growth in orders for metal, glass/hollow container decorating and coding systems together with a slight shortfall in security printing business over the previous year’s high level resulted in an increase in new orders from €355.3m to €359.8m. At €304.6m, revenue still fell short of the previous year (€323.6m). EBIT came to €25.6m in the first nine months (2016: €29.6m). The segment posted an EBIT margin of 8.4%.

Increase in equity ratio to 32.4%
Despite the higher customer prepayments, cash flows from operating activities came to –€24.6m and were thus down on the previous year’s figure of –€5m. Whereas working capital was successfully reduced in large parts of the group, inventories and customer receivables mainly rose in the Special segment. However, the measures already taken will not have short-term effects. Aside from capital spending of €27.9m, the free cash flow of –€87.8m (2016: –€17m) was burdened by the payment instalments of €37.4m made to date for the external funding of a part of the pension provisions. With its funds of €117.1m, securities of €16.9m that can be liquidated at short notice as well as the high cash and guarantee facilities, Koenig & Bauer has a stable funding base. The equity ratio rose relative to the higher balance sheet total to 32.4% (end of 2016: 31.1%).

The group workforce increased by 210 over the previous year to 5,542 employees as of 30 September. In addition to recruiting in the service business and for new applications for the packaging and digital printing markets, 44 employees joined the group as a result of the first-time consolidation of KBA CEE.

Guidance for 2017 confirmed
Following the 2% increase in revenue in the year to 30 September 2017 and the good earnings in the 3rd quarter, the management board’s guidance for 2017 is based on the high order backlog of €613m. Said CEO Claus Bolza-Schünemann: “The numerous press deliveries and service orders in the fourth quarter will trigger a surge in revenue and earnings. In view of this business concentration, which is challenging due to the high capacity utilisation but not unusual, we expect an organic growth of up to €1.25bn in group revenue and an EBIT margin of around 6% in 2017.”
(Koenig & Bauer AG (KBA))

Newsgrafik #118564

Changes in SCA's Group Management  (Company news)

Due to approaching retirement, there will be changes in SCA’s Group Management.

Mats Sandgren (photo) will leave his position as President of Business Area Forest as of April 1 2018. He will work on as senior advisor in SCA’s corporate staff. He will continue to report to Ulf Larsson, SCA’s President and CEO.

Jonas Mårtensson, presently President of Business Area Wood, will take on the position as President of Business Area Forest as of April 1 2018 and at the same time leave his present position.

Jerry Larsson, presently Manager of Obbola Papermill, will take on the position as President of Business Area Wood as of April 1 2018. Per Strand, presently Sales Director of Kraftliner in Scandinavia, will take on the position as Manager of Obbola Papermill as of February 15 2018.
(Svenska Cellulosa Aktiebolaget SCA (publ))

Newsgrafik #118568

ANDRITZ to supply baling line with bale tracking to Sappi Saiccor  (Company news)

International technology Group ANDRITZ has received an order from Sappi Saiccor to supply a baling line with bale tracking for its mill in Saiccor, South Africa. Start-up is scheduled for 2018.

The order comprises a new baling line with a capacity of 250 bales per hour, machines to connect two existing production lines, and bale tracking for the new and the two existing baling lines. Although there is limited space available, no new building is necessary due to the special space-saving design of the ANDRITZ baling line.

This order once again endorses the excellent cooperation between Sappi Saiccor and ANDRITZ. Only recently, ANDRITZ was awarded an order to supply a new headbox and rebuild the pulp dryer to increase the capacity at the Saiccor mill.
(Andritz AG)

Newsgrafik #118533

Appvion to Consolidate Carbonless Paper Manufacturing Operations  (Company news)

Appvion, Inc. announced plans to consolidate the majority of the carbonless paper coating and rewinding operations currently performed at its plant in Appleton, Wisconsin, to its integrated pulp and paper mill in Roaring Spring, Pennsylvania, and relocate the Appleton Plant's sheeting operations to an Appvion-operated facility near the mill. The company expects the transition will begin in January and be completed in the third quarter of 2018.

Consolidating Appvion's carbonless paper manufacturing, rewinding, and sheeting to the Roaring Spring area, where Appvion already produces this product, will help position the company for long-term success by increasing the efficiencies of its manufacturing and logistics operations.

"Our consolidation plan is an important operational improvement initiative designed to enhance Appvion's competitive position in the carbonless paper market," said Kevin Gilligan, Appvion's chief executive officer. "This move will allow Appvion to most effectively serve current and future demand for carbonless products and maintain our commitment to a market that we have been proud to serve since our company helped introduce this product 63 years ago."

The consolidation plan will result in the shutdown of three under-utilized coaters and related rewinding and sheeting equipment at the Appleton Plant and the elimination of approximately 200 hourly and salaried jobs at that facility. Approximately 300 hourly and salaried plant employees will be retained at the Appleton Plant to continue producing the company's thermal paper products and some carbonless and specialty coated grades. Employment at Roaring Spring Mill and at Appvion's thermal paper coating plant in West Carrollton, Ohio, will be unaffected by the plan.

Gilligan continued, "We greatly appreciate the role the affected employees at the Appleton Plant have played in serving customers over the years and we are committed to helping them through this transition."

The implementation of the plan is pending discussions with representatives of the Appleton Plant's Local 2-0469 of the United Steelworkers Union regarding the reasons for and effects of the company's consolidation plan.
(Appvion Inc.)

Newsgrafik #118536

Tieto selected to help Lecta Group modernize its IT environment and enable digitalization  (Company news)

Lecta Group, one of the leading paper manufacturers and distributors in Europe, has chosen Tieto to modernize its IT systems and enable the transformation and digitalization journey in the company. The renewal is based on Tieto Paper Solution on SAP and Tieto Integrated Paper Solution (TIPS) for the global paper industry. The new systems will be implemented in all Lecta’s seven mills in Spain, France and Italy. The agreement is valid for 4 years.

With this transformation journey Lecta aims to gain new business capabilities for its information driven supply chain and production excellence. This includes e.g. functions for demand management, sales management, centralized planning, production management, reporting and analytics.

Our challenge at Group level is to harmonize and streamline processes in a modern and common platform based on a combination of best of breed standard solutions. In this sense, Tieto plays a key role in our processes and our technology transformation journey. TIPS and Paper Solution help us to solve our challenges and make it easier to adopt Pulp and Paper Sector best practices, especially in our direct business and in our planning and manufacturing areas. This business and technological transformation also implies a far-reaching change in the way we do business and it is much easier if we have the right partners on board and the right solutions in place, explains Francesc Boix, IT Corporate Director at Lecta.

Tieto and Lecta have been partners already for 25 years and we are happy to expand our collaboration with them. The paper industry is facing big changes and digitalization and automation of business operations are helping paper companies to drive growth and success in the competing market. This agreement supports execution of Lecta’s growth strategy and their transformation program that will continue until the year 2020, says Carsten Henke, Head of Production Excellence, Forest industry at Tieto.

The new Tieto solution offers Lecta mutual and harmonized processes across all the company’s mills and countries and enables transparency in the whole value chain. Digitalization and automation enable more efficient, faster and flexible reactions to the market changes and increasing customer demands including new digital services. Standardized and stream lined processes are also effective and will reduce the company’s operational costs.

Tieto’s integrated SAP/TIPS solution is combined and optimized for the pulp, paper, board and tissue industries utilizing the industry-proven best functions for both MES (Manufacturing Execution System) and ERP (Enterprise Resource Planning). It seamlessly links planning, business operations and production processes, and there are over 250 installations worldwide.
(Tieto Germany GmbH)

Newsgrafik #118538

HANS KAPPL: New managing director  (Company news)

With effect from 1 october 2017, Petra Schumacher (photo) took over the management of HANS KAPPL GmbH & Co. KG.

Born in Hamburg, she brings with her the experience she has gained in her earlier employment in management positions within the printing and packaging industry. She is a qualified platemaker for gravure print and has also extensive knowledge in the area of flexo, offset and digital print. Last, Petra Schumacher worked as head of the prepress and platemaking department for an international producer of flexible packaging.
(Hans Kappl GmbH & Co. KG)

Newsgrafik #118539

Rayonier Advanced Materials Reports Third Quarter 2017 Results  (Company news)

-Third quarter net income of $16 million and pro forma EBITDA of $44 million unfavorably impacted by $3 million and $5 million, respectively, due to Hurricane Irma
-Full year projected net income and pro forma EBITDA now anticipated to be approximately $25 million and $180 million, respectively, which includes the impact of Hurricane Irma and previously announced major customer operational upset in the fourth quarter
-On-track for $30 million of cost transformation improvements in 2017 with $23 million achieved year-to-date
-Acquisition of Tembec expected to close in the second half of fourth quarter with integration planning nearly complete

Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM) reported third quarter 2017 net income of $16 million, or $0.28 per diluted common share compared to $22 million, or $0.44 per diluted common share in the third quarter of 2016. Third quarter 2017 pro forma net income was $10 million, or $0.18 per diluted common share, compared to $22 million, or $0.44 per diluted common share in the third quarter of 2016. Third quarter 2017 pro forma net income and diluted earnings per share are adjusted for transaction costs and an unrealized gain on a derivative instrument, both associated with the pending acquisition of Tembec. Additionally, the 2017 earnings per diluted common share amount reflects the impact of the Mandatory Convertible Preferred Stock issuance in the third quarter of 2016.

Year-to-date net income was $30 million, or $0.46 per diluted common share compared to $62 million, or $1.38 per diluted common share in 2016. Year to date pro forma net income was $28 million, or $0.42 per diluted common share, compared to $56 million, or $1.24 per diluted common share in 2016. In addition to the 2017 impact of the pro forma adjustments mentioned above, 2016 pro forma net income and diluted earnings per common share reflect an adjustment for a gain on debt extinguishment associated with the repurchase of Senior Notes.

Both third quarter and year-to-date net income were negatively impacted by $3 million due to Hurricane Irma, which forced the closure of both of the Company’s manufacturing facilities during September. For the full year, the Company expects a $7 million impact to net income from the hurricane due to higher costs and reduced sales volumes as a result of lost production and shipment delays.

“Despite the significant weather event, the team did a commendable job of safely managing our assets and keeping our customers’ informed and their operational needs met,” said Paul Boynton (photo), Chairman, President and Chief Executive Officer. “While the hurricane significantly impacted our operations and financial results, excluding the event, our results for the quarter would have kept us in-line with our full year plan.”

Third Quarter and Year-to-Date Operating Results
Third quarter 2017 sales were $210 million compared to $207 million in the prior year, an increase of $3 million, or 1 percent. The change in net sales was driven by improved commodity sales prices due to a shift in production from absorbent materials to commodity viscose and improved commodity markets resulting in higher sales prices for both commodity viscose and absorbent materials. Commodity sales volumes increased due to the timing of revenue recognition, partially offset by discrete production issues during the quarter. A decline in cellulose specialties sales prices of 2 percent, as expected, and slightly lower cellulose specialties sales volumes, partly offset the commodity sales increase.

Year-to-date sales were $612 million compared to $638 million in the prior year, a decrease of $26 million, or 4 percent. The change in net sales was driven by a decline in cellulose specialties sales prices of 5 percent, as expected, and slightly lower cellulose specialties sales volumes primarily due to the timing of revenue recognition. Commodity sales prices improved due to stronger commodity markets resulting in higher sales prices for both commodity viscose and absorbent materials. Commodity sales volumes decreased due to a shift in production from absorbent materials to commodity viscose and production issues.

Third quarter and year-to-date 2017 operating income was $18 million and $57 million, respectively, $23 million and $55 million less than the prior year respective comparable periods. Excluding the impact of the costs associated with the pending acquisition of Tembec, third quarter and year-to-date 2017 pro forma operating income was $23 million and $70 million, respectively, $18 million and $42 million less than prior year respective comparable periods. The third quarter and year-to-date 2017 results reflect lower cellulose specialties sales prices and higher commodity product sales prices, as previously discussed. Savings from Cost Transformation were more than offset by costs incurred to achieve additional future savings, higher production expenses due to sales mix, chemical prices and production issues, as well as, investments in customer product development. In addition, results were unfavorably impacted by $5 million from the impact of Hurricane Irma. Selling, general and administrative expenses also decreased for the quarter primarily due to lower stock compensation expense. Year-to-date selling, general and administrative expenses increased slightly due to costs related to New Product development activities.

Year-to-date 2017, the Company has realized approximately $23 million in gross cost savings against its Cost Transformation target of $30 million, primarily due to cost improvements in supply chain, chemical usage and wood optimization. Savings from the Cost Transformation pillar now total $108 million since inception.

Interest and Other Expense, Net
Interest expense, net of interest income and other expense, was $25 million for 2017, comparable to the prior year as a result of lower outstanding debt and favorable interest income on higher cash balances, offset by higher LIBOR interest rates on floating rate debt.

Income Tax Expense
The year-to-date effective tax rate was 38 percent, compared to 35 percent during the prior year period. The current period effective tax rate reflects the accounting impact of the write-off of the deferred tax asset associated with the 2014 employee incentive stock grant, which did not vest.

Cash Flows and Liquidity
Year-to-date, the Company generated operating cash flows of $118 million and adjusted free cash flows of $77 million. As a result, debt was reduced $3 million to $780 million, while net debt was reduced $58 million to $408 million. With strong adjusted free cash flows, the Company ended the third quarter with $379 million of cash and $622 million of total liquidity, including $243 million available under the revolving credit facility after taking into account outstanding letters of credit.

On August 17, 2017, the Company received commitments from lenders to borrow up to $680 million to fund the Tembec acquisition through the refinancing of existing term loans. In preparation for the acquisition and subsequent to the quarter end, the Company made additional principal payments of $268 million on the term loans on September 26, 2017.

Guidance and Outlook
The impact of Hurricane Irma and the operational disruption of a major customer’s production will have a significant negative impact on full year guidance, but its impact is expected to be limited to 2017. For the full year 2017, the Company now expects cellulose specialties sales prices and volumes to decline approximately 4 percent and 5 percent, respectively, from the previous year. The reductions in full year cellulose specialties sales volumes are driven by the negative impact from Hurricane Irma and the previously announced operational upset of a major customer. Additionally, commodity sales volumes are expected to decline 9 percent over last year. Commodity sales volumes were also impacted by Hurricane Irma and the planned shift in production from absorbent materials to commodity viscose, as well as production issues. As a result, the Company expects net income of approximately $25 million and pro forma EBITDA of approximately $180 million. Cash flow from operations and adjusted free cash flows are anticipated to be $121 to $126 million and $80 to $85 million, respectively. The Company anticipates capital expenditures of approximately $50 million plus strategic capital spending related to the investment in the LignoTech Florida project of $5 million.

Ethers and other cellulose specialties end-use demand continue to show strength and will provide opportunities for the Company to expand future sales in these faster growing end-uses. The acquisition of Tembec and its strong position in the ethers end-use, allows the Company to further diversify its portfolio of products. In acetate, excess capacity coupled with flat demand growth for acetate tow products is creating a very competitive sales environment. The Company believes its cost transformation efforts and the pending acquisition of Tembec, progress in market optimization and new products, position it well for future growth.

“The third quarter and the full year results are being negatively impacted by events outside our control. I am proud of each employee’s focus and effort during these challenging months to minimize the impact to our performance. Without these two significant disruptions, we would continue to be at the higher end of our original full year EBITDA outlook,” Boynton concluded. “We are a resilient company and focused on the future, which includes significant growth opportunities including the acquisition of Tembec, the completion of LignoTech Florida, the continued cost transformation of our business and the execution of our four pillars of growth.”
(Rayonier Advanced Materials Inc.)

Newsgrafik #118540

Stora Enso delivers cloud-based intelligent packaging solutions enabled by Microsoft  (Company news)

Stora Enso has joined forces with Microsoft to bring cloud-based intelligent packaging solutions to clients globally. Intelligent Packaging by Stora Enso utilizes Microsoft Azure, the leading cloud platform for business digitalization. The global and scalable cloud platform from Microsoft enables reliable and secure data collection and analytics for clients investing in innovative intelligent packaging solutions.

Intelligent Packaging by Stora Enso integrates widely adopted RFID (Radio frequency identification) technology which enables the product to be tracked, traced and tamper-proofed throughout the entire supply chain. Moreover, the technology allows communication between the brand-owner and the end-user using an NFC (Near Field Communication)-enabled smartphone. Comprehensive data management and analytics capabilities are vital to all intelligent packaging solutions. Through the Microsoft cloud service, all data are collected for analytics to support and improve business efficiency.

“Microsoft Azure offers a scalable and trustworthy platform for us and our globally operating clients. Now packaging data can be collected and analyzed anytime and anywhere, allowing customers an unprecedented amount of valuable information from supply chain performance to consumer behavior. Merging renewable packaging with intelligent, cloud-based features supports a more effective and profitable business”, says Teemu Salmi, Senior Vice President, CIO & Head of Digitalization at Stora Enso.

“We are proud to work with Stora Enso in the new era of intelligent packaging solutions. Microsoft Azure delivers Internet of Things services which Stora Enso is leveraging to better serve their customers and provide fast service development, scalability and global reach. Stora Enso’s intelligent packaging is a great example of the kind of innovative new services enabled by the Microsoft Azure platform”, says Marc Jalabert, General Manager, Marketing & Operations at Microsoft Western Europe.

Stora Enso and Microsoft are currently involved in multiple projects for intelligent packaging with large international enterprises in diverse industries.
(Stora Enso Oyj)

Newsgrafik #118490

Nilpeter and Label Systems partner for success with The All New FA  (Company news)

Picture: Amy Van Brunt, President & Owner of Label Systems, Inc., is embracing new market trends with The All New FA from Nilpeter

Label Systems, Inc., located in the Dallas suburb of Addison, Texas, has earned a solid reputation for providing high quality label products with innovative solutions and good old-fashioned customer service, through nearly 45 years of business. The addition of The All New FA from Nilpeter will jump start their journey into the next 45 years of business.

Label Systems, Inc. started from humble beginnings in a family garage, with the vision of providing customers with custom branded solutions for their label needs. Today, they are proud to have successfully served over 5,000 satisfied customers worldwide across more than 25 industries.

“We work with some very large brand owners that require the highest quality packaging delivered on time and on budget. When we discussed the new market trends and opportunities, the team at Nilpeter shared a wealth of information and knowledge. The level of innovation and automation in their equipment, along with their skilled team, will provide us with the tools to be a leader in this industry. Those are the types of qualities we look for in a partner and the new FA press will be a powerful addition to our line-up,” says Amy Van Brunt, President & Owner of Label Systems, Inc.

John Van Brunt, Founder & VP of Operations, explains the decision process on the new press, “Your next press purchase is always a challenging decision. We researched many press manufacturers but in the end our previous success with Nilpeter, and the partnership we have built, solidified this decision. The level of automation providing improved make-ready times and operator efficiency make this press the perfect choice. This press will engage with our current operations and allow us to easily enter into new markets and offerings.”.

The All New FA provides a maximum level of stability, the tightest register tolerance, and excellent printing results on multiple substrates. Based on Nilpeter’s Clean-Hand design approach and wireless operation, the FA ensures clean hands during press operation, with a minimum of hands-on press interaction; all data is saved, jobs are easily recalled, and the press will auto-register.

“We are proud to continue our relationship with Label Systems, Inc. – the new FA is ideally suited for industry 4.0 operations and performance, marking a new journey and a bright future for Amy, John, and their team,” says Paul Teachout, Vice President of Sales & Marketing, Nilpeter USA.
(Nilpeter USA Inc.)

Newsgrafik #118501

Greycon releases new version of X-Trim and opt-Studio  (Company news)

Greycon has announced the 9.2 release of its planning tools, X-Trim® (photo) and opt-Studio™.

X-Trim new developments include:
• Load planning Phase II: optimal decomposition of the trim solution into container / truck loads
• Length tolerance: the system can consider mixed-length reels when reel lengths / diameters vary slightly (also known as slabbing).
• Algorithmic performance improvement: the new version is 6.3% faster on smaller problems and 19.9% faster on difficult problems.

opt-Studio new developments include:
• New entities: ship-to groups for load planning, distribution centres and supply networks. These lay the foundations for the integration with the recently-announced Greycon Forecasting tool. The resulting future inventory profiles for remote warehouses and vendor-managed inventory become part of the system and are fully manageable.
• Synchronisation: the new release extends multi-user capabilities, providing automatic conflict resolution.
• ATP/CTP: Additional capabilities for multi-site implementations.

Constantine Goulimis, CEO at Greycon, said: “Growth in both our installed user base and internal development resources has enabled us to deliver this version to the market quickly. Improvements include new features as well as enhancements. Trials at one of Greycon’s plastic film clients resulted in a waste reduction from 8% to 3% in one instance, results that are in keeping with our goal of striving to maximise efficiencies, be it by improving material utilisation, productivity or rapid responses to unforeseen problems.”
(Greycon Ltd)

Newsgrafik #118526

WestRock Reports Strong Finish to Fiscal 2017  (Company news)

WestRock Company (WestRock) (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, announced results for its fiscal fourth quarter and fiscal year ended September 30, 2017.

Fourth Quarter 2017 Highlights
• Earned $0.76 per diluted share and $0.87 of adjusted earnings per diluted share. Our effective tax rate was 20.7%, and our adjusted tax rate was 28.4%
• Generated net cash provided by operating activities of $494 million and adjusted free cash flow of $271 million
• Achieved $80 million in year-over-year productivity and a run rate of $840 million of synergy and performance improvements since the merger

Full Year 2017 and Other Highlights
• Earned $2.77 per diluted share and $2.62 of adjusted earnings per diluted share
• Generated net cash provided by operating activities of $1.90 billion and adjusted free cash flow of $1.22 billion
• Achieved $361 million of productivity year-over-year
• Continued our portfolio transformation by:
• Completing five acquisitions, including the acquisition of Multi Packaging Solutions International Limited (“MPS”). These acquisitions:
º Advanced our strategy to provide differentiated, high value-added solutions to our customers and expanded our presence in attractive end markets
º Created opportunities for meaningful synergies and performance improvements, and
º Increased our vertical integration levels
• Selling the Home, Health and Beauty business (“HH&B”) in April 2017. This sale resulted in a pre-tax gain of $193 million and generated net after-tax proceeds of approximately $1 billion
• Executed our disciplined capital allocation strategy:
• Invested $779 million in capital expenditures
• Deployed $2.7 billion to strategic M&A opportunities
• Received $1.0 billion from the sale of HH&B
• Paid $403 million in dividends
• Returned $93 million to stockholders in stock repurchases
• Recently announced a 7.5% increase in our annual dividend

Steve Voorhees (photo), chief executive officer of WestRock, said, “I am pleased with the success the WestRock team achieved in fiscal 2017, with strong productivity and growth in cash flow. While we experienced a challenging cost environment, our team met the challenge and delivered on our objectives across the board, increasing value for customers, employees and stockholders. We are well positioned for a successful fiscal 2018.”

The $449 million increase in net sales was primarily attributable to $235 million of increased Corrugated Packaging segment sales and $245 million of increased Consumer Packaging segment sales. The increased Consumer Packaging segment sales were primarily due to the contribution from the MPS acquisition, and were partially offset by factors that included the absence of net sales from HH&B in the current year quarter due to the sale of HH&B. In addition, Land and Development segment sales declined $25 million.

The $18 million increase in segment income was primarily due to $37 million of increased Corrugated Packaging segment income. This increase was partially offset by $15 million of decreased Consumer Packaging segment income and $4 million of decreased Land and Development segment income. Within the Consumer Packaging segment, the sale of HH&B and the expensing of the MPS acquisition inventory step-up reduced segment income by $9 million and $12 million, respectively. The impact of hurricanes in the fourth quarter of fiscal 2017 reduced segment income by an estimated $15 million in the Corrugated Packaging segment and $12 million in the Consumer Packaging segment.

Restructuring and Other Items
Restructuring and other items during the fourth quarter of fiscal 2017 included the following pre-tax costs and expenses:
• $23 million of restructuring costs primarily associated with the consolidation of operations, including recent acquisitions, severance associated with the future Valinhos corrugated container plant closure in Brazil and on-going costs related to previously closed facilities
• $3 million of acquisition expenses
• $12 million of integration expenses from both current and prior period transactions

Cash Provided From Operating, Financing and Investing Activities
Net cash provided by operating activities was $494 million in the fourth quarter of fiscal 2017, compared to $382 million in the prior-year quarter. Total debt was $6.55 billion at September 30, 2017 and included $282 million for the fair-value of debt stepped-up in purchase accounting. Consistent with WestRock’s disciplined capital allocation strategy, during the fourth quarter, WestRock invested $242 million in capital expenditures, deployed $145 million to strategic acquisitions and paid $102 million in dividends to its stockholders.
(WestRock Companies)

Newsgrafik #118527

UPM and the Government of Uruguay sign an investment agreement to establish a competitive ...  (Company news)

... operating platform for a possible new pulp mill in Uruguay

UPM and the Government of Uruguay have signed an investment agreement, which outlines the local prerequisites for a potential pulp mill investment. The agreement details the roles, commitments and time-line for both parties as well as the relevant items to be agreed prior to the final investment decision.

The agreement defines the requirements for the operating environment of a world-class pulp mill project. The site of the mill would be close to the city of Paso de los Toros, in the department of Durazno in central Uruguay.

A long-term industrial operation requires stable and predictable operational environment. This will be supported by several measures in the areas of regional development, environment, forestry and land planning as well as labour and energy conditions.

Infrastructure development as key enabler
The Government will develop the rail and road network by tendering the construction and long-term maintenance of the network. The total investment by the Government has been reported to be approximately USD 1 billion. This investment is necessary to enable the establishment of efficient logistic infrastructure in the Uruguayan inland. The Government will also promote concession for a terminal specializing in pulp in the Montevideo port with rail access in order to secure reliable and competitive outlet to export markets.

Once the permitting requirements are fulfilled, the Government will grant the mill a free trade zone status, which is necessary to ensure competitiveness on international markets.

UPM will carry out an engineering study and permitting process for a pulp mill with an annual capacity of about 2 million tonnes of eucalyptus market pulp. The preliminary estimate for a pulp mill investment on site is approximately EUR 2 billion.

In addition, a successful project requires off-site investments in plantation land and forestry, road network and nursery capacity, harvesting and transport equipment, rolling stock for the rail, export facilities and human development.

"Robust infrastructure is elemental for industrial development. The Government of Uruguay is stating their serious intent with this agreement and timeline. The agreement sets the foundation for UPM's planning of a state-of-the-art pulp mill investment," says Jaakko Sarantola, UPM's Senior Vice President, Uruguay Development.

Global demand for sustainable pulp continues its strong growth
"A competitive world-class pulp mill must have a solid wood supply, well-working logistic infrastructure and efficient mill operations. The environmental performance of the mill would be secured with competent and engaged personnel and with best available technology. When in operation, the mill, forestry and related activities would employ 8,000 additional people in its full value chain. The operations would also have a significant positive impact on the central and north-eastern regions."

"The signing of this agreement confirms that we are now entering the second preparation phase of this prospect, which is expected to take some 1.5 to 2 years. Achieving significant progress in the implementation of the infrastructure initiatives is critically important for the final investment decision," says Sarantola.

"The world megatrends support a strong growth of the market pulp demand. UPM's customers value the stable quality of the Uruguayan eucalyptus pulp and hence Uruguay could be a competitive alternative for addressing UPM's pulp market opportunities in the 2020s. The possible new capacity in Uruguay would support UPM's multifibre strategy; to serve customers in growing hygiene, packaging and speciality end-use segments," concludes Sarantola.

Newsgrafik #118529

Infinity press fabrics: Improved batt fiber anchorage means reduced fiber loss over the entire ...  (Company news)

... service life

-Consistent running performance thanks to cabled yarn
-Available as seam and endless press fabric
-Fast and easy change of press fabrics

Voith Infinity seam and endless press fabrics use a cabled yarn. For the base structure this means improved batt fiber anchorage, while paper manufacturers benefit from consistent performance over the entire running time. With this latest version of the press fabrics Voith is enabling a consistently high dewatering performance and universally good paper quality.

Thanks to Infinity's modular concept, paper manufacturers can choose between several designs. Infinity can therefore be easily adapted to the special requirements of the respective application. The new press fabric is also available with a seam. The cabled seam has the most efficient twist level in the base fabric with mono loops in the engineered seam area. The seam loops have an identical loop length, roundness and spacing, which makes installing the fabrics faster and simpler.

When changing over the fabric the operator can therefore close the seam quickly and easily, which enables machine downtimes to be reduced by up to 25 percent. Infinity is part of the PressMax range of Voith AdvancedPRODUCTS. Alongside individual products, PressMax offers papermakers the opportunity to enhance the performance of their paper machine through the ideal combination of perfectly matched products.
(Voith Paper GmbH & Co KG)

Newsgrafik #118510

Borregaard to invest in new environmental measures   (Company news)

By investing strongly in various environmental measures, Borregaard will reduce NOx emissions by more than 50 percent from 2018. These measures will be supported by the Norwegian Business Sector’s NOx Fund.

During the past decade, Borregaard has implemented an energy strategy to replace the use of heavy oil with more environmentally and climate friendly energy sources. In the same period, Borregaard has reduced its CO2 emissions by as much as 50 percent. Today Borregaard covers its constant energy needs, mainly in the form of steam, with the reuse of process heat from production, bioenergy and energy recovery from waste.

One of Borregaard’s energy sources is a bioboiler that converts residual products from vanillin and cellulose production to steam. In the process, waste oil is used as supplementary fuel, which is a source of NOx and CO2 emissions. By rebuilding the plant, waste oil will be replaced with natural gas, which is considerably more eco-friendly.

In addition, Borregaard has two spray dryers that dry the water in lignin products to produce powder. Here too the source of energy will be replaced, in this case from propane to a mixture of natural gas and biogas from Borregaard’s biological treatment plant.

These measures are estimated to reduce NOx emissions by up to 100 tons annually, as well as reducing annual CO2 emissions by 14 500 tons. The measures will therefore have a positive effect both in terms of local air quality and greenhouse gas emissions. The project will cost NOK 78 million and receive support from the Norwegian Business Sector’s NOx Fund, which will contribute up to NOK 25.9 million. Completion is scheduled for the last quarter of 2018.
(Borregaard ChemCell)

Newsgrafik #118512

Mimaki heads to InPrint 2017 with the industry's broadest array of industrial printing solutions  (Company news)

Applications range from safety warning labels, identification plates and membrane switches to packaging samples and promotional items

Photo: The recently launched UCJV300-160 all-round UV LED printer/cutter

Mimaki, a leading manufacturer of wide-format inkjet printers and cutting systems, announced that it will be exhibiting at InPrint 2017, the Exhibition for Industrial Print Technology. The fair takes place from 14 to 16 November 2017, in Hall A6 of the Munich Trade Fair Centre in Germany. Mimaki will be located on stand 214 at the show.

Visitors to the Mimaki stand will be able to see first-hand a wide range of industrial-class printing and cutting solutions. Next to that, the company will bring 3D samples that show the potential of the company’s full colour 3D printer for rapid prototyping, mould manufacturing, modelling and more. Applications being shown go from safety or warning labels and name or number plates to membrane switches, packaging samples and promotional items.

“We believe we will have one of the broadest arrays of industrial printing applications at the show,” says Ronald van den Broek, Sales Manager EMEA at Mimaki Europe. “Industrial printing technologies are changing the face of manufacturing, and Mimaki is investing heavily in helping to drive that change. We aim to bring profitable new opportunities to brands and manufacturers across a wide range of industries. We look forward to discussing these opportunities with attendees and hope to inspire them with many new ideas they can take back to their companies.”

Game-changing technologies in the industrial printing market
At the show, Mimaki will be displaying:
-The UJF Series of high-precision UV-curable flatbed printers, which can lay down a base coat of inkjet primer, a base print of white ink, full colour print and a surface coating of clear ink in a single operation. On top of their ability to print on diverse substrates including plastics, wood, metal and glass, these printers are also equipped with innovative Mimaki core technologies, such as 360o direct printing on bottles.
-The CFL-605RT Flatbed Cutting Plotter. Offering both creasing and cutting capabilities, the CFL-605RT is designed with Mimaki’s well-established technology to support immediate finishing of packaging and prototypes with multiple functions, and is the ideal companion to the UJF Series of flatbed printers for a total production solution.
-The recently launched UCJV300-160 all-round UV LED printer/cutter. Equipped with features such as 4-layer lightbox printing, instantly dry ink, low running costs and the ability to print to a wide range of materials, this machine ensures vibrant, eye-catching results suitable for safety warning or instruction labels.
-Samples produced by the Mimaki 3DUJ-553, the world’s first full colour 3D printer capable of printing up to 10 million different colours. It offers white ink and a clear ink overcoat, which adds vibrancy to the printed product and can be combined with colour ink to create half colour transparent models.
-Vacuum forming demonstration using Mimaki’s LUS-350 flexible ink in combination with a vacuum forming machine by Formech. The LUS-350 ink stretches up to 350% when heated to between 120⁰C and 200⁰C. After cooling to room temperature, the ink’s rigidity is restored while securely adhering to the moulded product without cracking or peeling.
-The TS300P-1800 Dye Sublimation Printer, which delivers industry-leading speed, quality and throughput for a wide range of textile and fashion uses. It can print on very lightweight transfer paper for lower running costs with a powerful vacuum feed platen that reduces cockling.

“At InPrint 2017, visitors will see an extensive assortment of innovative digital printing and cutting solutions that are changing the face of the industrial market,” van den Broek adds. “And this is just the beginning! Adopting these digital technologies now gives brands and manufacturers an edge in a rapidly-evolving market, and Mimaki is dedicated to continuing to innovate far into the future.”
(Mimaki Europe B.V.)

Newsgrafik #118513

Resolute Reports Preliminary Third Quarter 2017 Results  (Company news)

-Q3 GAAP net income of $24 million or $0.26 per share
-Adjusted EBITDA of $118 million
-Further debt repayments, liquidity at $400 million

Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) reported net income for the quarter ended September 30, 2017, of $24 million, or $0.26 per share, compared to net income of $14 million, or $0.15 per share, in the same period in 2016. Sales were $885 million in the quarter, essentially unchanged from the third quarter of 2016. Excluding special items, the company reported net income of $31 million, or $0.34 per share, compared to net income, excluding special items, of $15 million, or $0.17 per share, in the third quarter of 2016.

"This quarter's solid performance builds on the momentum established earlier in the year," said Richard Garneau (photo), president and chief executive officer. "Our results benefitted from continued strength in our market pulp and wood products segments as well as from substantial improvements in the cost position of our paper segments following capacity closures and restructuring of operations announced earlier this year. In tissue, our sales effort continues to progress, but our results were negatively impacted by Hurricane Irma."

Operating Income Variance Against Prior Period
The company recorded operating income of $48 million in the quarter, an improvement of $95 million compared to the second quarter of 2017, as adjusted EBITDA increased to $118 million from $83 million in the previous quarter.

The company's operating results were positively impacted by increases in sales of market pulp and wood products, where shipments and pricing improved compared to the previous quarter. Profitability was also supported by lower manufacturing costs and savings derived from the closure of a high cost machine in our specialty papers segment, resulting in operating margin improvements that offset volume declines.

The company incurred $21 million of closure costs, impairment and other related charges, and inventory write-downs in the third quarter linked primarily to the permanent closure of two paper machines at Calhoun (Tennessee). This compares favorably to the $65 million recorded in the second quarter.

Market Pulp
Operating income in the market pulp segment was $19 million, $3 million more than the second quarter. Realized prices continued to rise from the lows of 2016, reaching $650 per metric ton, an increase of $18 per metric ton, or 3%, when compared to the previous quarter. Shipments to third parties rose by 12,000 metric tons, largely resulting from reduced annual maintenance outages. The operating cost per unit (the "delivered cost") rose by $12 per metric ton, reaching $595 per metric ton. This was the result of the relative strengthening of the Canadian dollar and a lower contribution from cogeneration operations. EBITDA per unit was $78 per metric ton compared to $71 per metric ton in the previous quarter. Finished goods inventory rose by 6,000 metric tons.

In our tissue segment, which includes only the former Atlas tissue operations in Florida, the operating loss increased by $2 million compared to the second quarter. While pricing remained essentially unchanged, the delivered cost increased by $160 per short ton, mostly as a result of facility damage and approximately 10 days of business interruption associated with Hurricane Irma. Overall shipments were largely unchanged, with inventories drawn down by 2,000 short tons.

Wood Products
The wood products segment recorded operating income of $64 million for the quarter, an improvement of $19 million compared to the previous quarter. With supply disruptions owing mostly to forest fires in British Columbia, shipments increased by 22 million board feet, reaching 531 million board feet for the quarter. The average transaction price rose by $27 per thousand board feet to $413. The delivered cost improved by $8 per thousand board feet, mostly a result of higher volumes. EBITDA for the segment was $73 million, a $21 million increase from the previous quarter, and equivalent to $137 per thousand board feet, compared to $102 in the second quarter. Finished goods inventory declined by 3 million board feet to 122 million board feet.

The newsprint segment incurred an operating loss of $6 million in the quarter, compared to a loss of $7 million in the second quarter. Pricing increased slightly to $511 per metric ton. Shipments fell by 9,000 metric tons, mostly due to downtime at Baie-Comeau (Quebec) and Augusta (Georgia). The delivered cost in the segment was largely unchanged compared to the previous quarter, as lower maintenance costs and higher contributions from cogeneration were mostly offset by the impacts of the strengthening Canadian dollar. EBITDA was unchanged at $10 million for the quarter, equivalent to $26 per metric ton. Finished goods inventory fell by 16,000 metric tons.

Specialty Papers
The specialty papers segment recorded operating income of $7 million during the third quarter, an improvement of $14 million from the previous quarter. The average transaction price rose by $8 per short ton. Despite continued declines in demand and the closure of a coated paper machine in Catawba (South Carolina) at the end of the second quarter, shipments of specialty papers fell by only 16,000 short tons in the third quarter. The segment's delivered cost decreased by $34 per short ton. This was mostly derived from the elimination of $11 million in cost associated with the restructuring at Catawba in the second quarter. EBITDA was $18 million in the quarter, equivalent to $54 per short ton, an improvement of $43 per short ton compared to the previous quarter. Finished goods inventory declined by 8% to 86,000 short tons.

Consolidated Quarterly Operating Income Variance Against Year-Ago Period
The company recorded operating income of $48 million for the third quarter, compared to operating income of $10 million for the same period in 2016. The difference is mostly a result of higher volumes and pricing in our market pulp and wood products segments, which benefited from favorable market dynamics when compared to the year-ago period, as well as improvements in operating costs, particularly in our paper segments.

Overall, pricing gains were $50 million, as $58 million from our wood products and pulp segments was slightly offset by reductions in specialty papers ($4 million), newsprint ($3 million) and tissue ($1 million). Combined volume growth in wood products and market pulp was equivalent to $7 million in the quarter while decreased volumes in newsprint, specialty papers and tissue, resulted in a negative variance of $13 million during this same period.

Our overall cost position, net of volume impacts, improved by $18 million compared to the third quarter of 2016 and is mostly attributable to reductions associated with capacity closures in our paper segments.

Corporate and Finance
The company invested $20 million on capital expenditures in the quarter. $7 million was spent on the Calhoun tissue project. We made countervailing duty deposits of $19 million in the third quarter which were recorded on our balance sheet, of which $14 million were attributable to softwood lumber and $5 million to supercalendered papers.

Despite higher net pension and OPEB contributions due to timing as well as a seasonal increase in working capital, which were $37 million and $28 million, respectively, the company repaid an additional $7 million on its revolving credit facilities. We repaid a further $30 million since the end of the third quarter. However, due mainly to additional letters of credit required in connection with trade disputes, total liquidity declined by $14 million and stood at $400 million at the end of September.

Mr. Garneau added: "We have announced further price increases in our pulp and paper segments in the fourth quarter and anticipate continued gains from our restructuring measures, which should provide solid cash flow generation in the short-term. Although we continue to make progress in our tissue business, we do not believe that this segment will contribute to our results until the middle of 2018. For wood products, we believe that market fundamentals will remain favorable."
(Resolute Forest Products Inc.)

Newsgrafik #118516

Toscotec - rebuilt tissue machine starts up at Correll Tissue, in Durban, South Africa  (Company news)

On 14th October, after a comprehensive rebuild supplied by Toscotec, PM1 at Correll Tissue in Durban successfully started up.

The scope of supply included a modification of the existing Fourdrinier tissue machine into a MODULO Crescent Former with a new TT Headbox-SLT (photo). The delivery also included a rebuild of the existing approach flow system and of the felt run, as well as the YD doctoring system. In 2006 Toscotec had already supplied a new TT SYD to the mill.

The rebuild boosted the machine speed to 650 mpm, for the production of high-quality tissue mainly from waste paper, produced by the extensive printing operations of Novus Holding, one of the most technologically advanced print manufacturing operations in Africa. Complete engineering, erection, commissioning, training service and start-up assistance were also included in the order.

“We are glad to partner with such an important tissue producer. Our technology turned out to be the right solution for the customer’s need.” said Marco Dalle Piagge, Sales Director of Toscotec S.p.A..
Conrad Rademeyer, Group Executive, stated: “We are now ready to deal with new market challenges and we are looking forward to achieve great and new results in terms of productivity as well as in terms of machine performance. The new machine will give us the flexibility we need to get a competitive advantage in the market.”
(Toscotec S.p.A.)

Newsgrafik #118517

Ricoh announces launch of compact high speed inkjet platform  (Company news)

Print services providers can produce profitably a wide range of applications from transactional print such as bills, statements and policy documents to books, direct mail and pharmaceutical leaflets with the new Ricoh Pro™ V20000 series continuous feed inkjet platform.

The compact, versatile and simple to use family of systems brings competitive mono and colour production to existing users of continuous feed printers as well as sheet fed users who are looking to consolidate the output of multiple devices to a single machine. With a footprint of just 4.3 square metres, it can fit in to almost any production environment.

Users with different volume requirements can benefit from the three versions being announced: the 75 metres per minute, 600 x 600 dpi mono Ricoh Pro V20000, the 150mpm, 600 x 600 dpi mono Ricoh Pro™ V20100 and the 75mpm, 600 x 600 dpi CMYK Ricoh Pro™ VC20000.

An additional user benefit is that this family of inkjet printers will work with a wide variety of papers including the lightweight materials required in the pharmaceutical industry. In addition, they are optimised to combine with inline finishing solutions where the ability to change speed to match the capability of each device helps to maximise production and minimise paper waste.

Tim Taylor, Head of Continuous Feed Market, Commercial and Industrial Printing Group says: “The Pro V20000 platform is a great addition to our portfolio. It joins the Ricoh Pro™ VC40000, which was announced earlier this year, and Ricoh Pro™ VC60000 continuous feed inkjet printers, meaning we have a system that suits the production requirements of almost any operation.”

He continues: “The easy to run systems also offer an upgrade path for existing toner-based operations. The improved operational efficiency, increased running speeds and significantly lower running costs often mean one inkjet device can replace several ageing toner machines.

“We are also excited by the number of additional markets it can help our clients competitively service when used in combination with Ricoh software. For example, it enables intelligent and efficient book production when combined with our TotalFlow BatchBuilder software and, with a combination of FusionPro and Ricoh Process Director, we can provide a complete and secure pharmaceutical solution.

“As with Ricoh’s complete family of inkjet and toner devices Pro V20000 users will benefit from our knowledgeable and responsive service and support network. It will help ensure clients develop all possible revenue streams to maximise their investment.”

The Pro V20100 will be shown for the first time at Ricoh’s The Art of The New event, November 21 to 23, Ricoh’s Customer Experience Centre, Telford, UK.
(Ricoh Europe PLC)

Newsgrafik #118493

Mimaki brings 3D printing innovation for their debut at formnext 2017  (Company news)

Full-colour modelling of prototypes and scale models with more than 10 million colours

Mimaki, a leading manufacturer of wide-format inkjet printers and cutting systems, announced that it would be exhibiting for the first time at formnext 2017, the international exhibition and conference on the next generation of manufacturing technologies. The trade fair is scheduled for 14 to 17 November in Frankfurt. Mimaki will be located in Hall 3.1, stand C88.

formnext 2017 marks the first unveiling to the 3D industry of the Mimaki 3DUJ-553, the world’s first full-colour 3D printer capable of printing up to 10 million different colour combinations with ICC profiling. The company will also be showing the Mimaki UJF-7151plus UV LED direct-to-object flatbed printer to demonstrate their advanced UV inkjet printing technology, which serves as the base of their 3D technology.

“Making the leap from UV-curable 2D inkjet printing devices to 3D printing was a logical step for Mimaki,” said Ronald van den Broek, Sales Manager EMEA at Mimaki Europe. “Mimaki has dedicated significant R&D resources to our 3D development efforts, and the 3DUJ-553 is our first foray into the 3D market. We’re using a unique technique, based on our highly successful UV inkjet printing technology. This technology is already being used in a wide range of 2D UV flatbed and roll-to-roll printers that create signs, display graphics, promotional items and more.”

The Mimaki 3DUJ-553 printer jets successive layers of ink, which are instantly cured by UV light until the object is fully formed. Fine layers accumulate on the build tray to create one or several precise 3D models or parts. Where overhangs or complex shapes require support, the 3D printer jets a removable support material. It uses LED curing for reduced energy usage and is differentiated from other 3D printers in a number of aspects, including:
-The ability to print full-colour objects with more than 10 million colours. Colour profiles can be used to ensure accurate and consistent colour. This means no overpainting is required, saving time and labour.
-It offers white ink, as well as a clear ink overcoat that adds vibrancy to the printed product. Its clear ink can also be combined with colour ink to create half colour transparent models.
-Its support materials can be removed with a simple water wash, eliminating the need to manually cut tags or other support structures.
-It features a maximum build size of 50 x 50 x 30 cm, larger than comparable 3D printers.

Drawing upon its many years of UV-curable inkjet printing in the 2D world, Mimaki has also equipped the 3DUJ-553 with its proprietary core technologies, including ink circulation system to prevent clogging and Nozzle Checking Unit (NCU). Printhead nozzles are automatically checked for any malfunction, with an effective nozzle substitution strategy that enables continuous printing, even if a nozzle is not operating correctly. In addition, the printer is equipped with an internal monitoring camera that enables operators to monitor the progress of the printing.

Combining 3D printing with 2D printing for added value
Also on display will be the Mimaki UJF-7151plus flatbed UV printer. Geared to on-demand printing of the very highest quality at industrial production levels of output, the UJF-7151plus is ideal for decorative printing on 3D models as well as multi-layer printing on diverse materials, ranging from plastics and glass to metal and wood. The Mimaki 3DUJ-553 is based on the same proven technology that Mimaki has successfully deployed to the market with the UJF-7151plus flatbed UV printer.

“As Mimaki moves into the world of 3D printing and additive manufacturing,” van den Broek added, “we are looking forward to our first participation in this important industry event. It’s a great opportunity to speak with attendees about the exceptional possibilities that our technologies bring to their businesses, offering quality, speed to market and reduced costs that will add competitive differentiation for both brands and manufacturers.”
(Mimaki Europe B.V.)

Newsgrafik #118494

Graphic Packaging Holding Company Reports Third Quarter 2017 Results  (Company news)

-Q3 Net Sales were $1,137.6 million versus $1,103.7 million in the prior year period.
-Q3 Net Tons Sold were 743.1 thousand tons versus 721.6 thousand tons in the prior year period.
-Q3 Earnings per Diluted Share were $0.15 versus $0.18 in the prior year period.
-Q3 Adjusted Earnings per Diluted Share were $0.18 versus $0.20 in the prior year period.
-Q3 Net Income was $47.3 million versus $57.8 million in the prior year period.
-Q3 Adjusted EBITDA was $188.3 million versus $200.1 million in the prior year period.
-Returned $25.8 million to stockholders in Q3 through dividends and share repurchases.

Graphic Packaging Holding Company (NYSE: GPK), (the "Company"), a leading provider of packaging solutions to food, beverage and consumer product companies, reported Net Income for third quarter 2017 of $47.3 million, or $0.15 per share, based on 310.9 million weighted average diluted shares. This compares to third quarter 2016 Net Income of $57.8 million, or $0.18 per share, based on 320.4 million weighted average diluted shares.

Third quarter 2017 Net Income was negatively impacted by $7.5 million (net of a $3.8 million tax benefit) of charges associated with business combinations, shutdown and other special charges, and accelerated depreciation related to the announced shutdown of the Santa Clara, California mill. When adjusting for these charges, Adjusted Net Income for the third quarter of 2017 was $54.8 million, or $0.18 per diluted share. This compares to third quarter 2016 Adjusted Net Income of $64.0 million or $0.20 per diluted share.

"Third quarter Adjusted EBITDA met our expectations at $188 million compared to $200 million in the prior year period. Net Tons Sold were up 3.0%, reflecting an acquisition and modestly positive core volumes. Despite challenges from the hurricanes that resulted in higher freight and chemicals costs, the business performed well in the quarter with a continued emphasis on operating efficiencies and cost reduction" said President and CEO Michael Doss (photo).

"We completed the Carton Craft acquisition on July 10, 2017, and the Norgraft acquisition on October 4, 2017. We also announced the closure of our Santa Clara, California coated recycled paperboard mill in early September. This action was enabled by strategic capital investments that have greatly enhanced the flexibility across our Midwest coated recycled paperboard mills, as well as our West Monroe, Louisiana and Macon, Georgia coated unbleached kraft paperboard mills. We remain committed to a balanced capital allocation strategy, which includes reinvesting in our business to drive strong cash returns on cash invested, strategic acquisitions at compelling post-synergy multiples, and returning cash to stockholders."

Operating Results
Net Sales
Net Sales increased 3.1% to $1,137.6 million in the third quarter of 2017, compared to $1,103.7 million in the prior year period. When comparing against the prior year quarter, net sales were positively impacted by $29.7 million of improved volume/mix related to an acquisition and modestly positive core volumes, and $7.8 million of favorable foreign exchange. These benefits were partially offset by $3.6 million of lower pricing.

EBITDA for the third quarter of 2017 was $184.1 million, or $7.1 million lower than the third quarter of 2016. After adjusting both periods for expenses associated with business combinations and other special charges, Adjusted EBITDA decreased as expected to $188.3 million in the third quarter of 2017 from $200.1 million in the third quarter of 2016. When comparing against the prior year quarter, Adjusted EBITDA in the third quarter of 2017 was positively impacted by $9.9 million of improved net operating performance and $6.4 million of favorable volume/mix. These benefits were more than offset by $17.7 million of commodity input cost inflation, $6.7 million of other inflation (primarily labor and benefits), $3.6 million of lower pricing, and $0.1 million of unfavorable foreign exchange rates.

Other Results
Total Debt (Long-Term, Short-Term and Current Portion) increased $60.7 million during the third quarter of 2017 to $2,288.1 million compared to the second quarter of 2017. Total Net Debt (Total Debt, net of Cash and Cash Equivalents) increased $56.0 million during the third quarter of 2017 to $2,270.9 million compared to the second quarter of 2017. At quarter end, the Company's Net Leverage Ratio was 3.27 times Adjusted EBITDA compared to 2.76 times at the end of 2016.

At September 30, 2017, the Company had available global liquidity of $1,109.6 million, including the undrawn availability under its global revolving credit facilities.

Net Interest Expense was $22.6 million in the third quarter of 2017, up compared to the $20.0 million in the third quarter of 2016, reflecting higher interest rates.

Capital expenditures for the third quarter of 2017 were $53.3 million compared to $72.4 million in the third quarter of 2016.

Third quarter 2017 Income Tax Expense was $25.9 million compared to $28.0 million in the third quarter of 2016.

Please note that a tabular reconciliation of EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Total Net Debt and Net Leverage Ratio is attached to this release.
(Graphic Packaging Holding Company)

Newsgrafik #118496

Fujifilm to demonstrate a comprehensive range of industrial inkjet technology at InPrint 2017  (Company news)

Fujifilm announces that it will use InPrint 2017 in Munich, Germany, to showcase a range of FUJIFILM Inkjet Technology solutions for the industrial print market. Products to be featured on the stand include SAMBATM piezo-electric printheads, proprietary UV, aqueous and hybrid inks as well as world-class software and systems integration expertise that have led to Fujifilm fast becoming the supplier of choice for manufacturing partners and innovators right across the industry.

The stand will host a number of live demonstrations across the three days of the show. These will include a high speed roll-to-roll purpose-built test platform producing variable data prints using the Fujifilm SAMBATM mini 4300 print system with LED inks. There will also be a static presentation of the larger SAMBATM 42000 Printbar (photo) with animated application video. The demonstrations will highlight how Fujifilm inkjet technologies can be fully integrated for high performance, high productivity industrial and packaging applications to produce outstanding results.

To further demonstrate Fujifilm's technology in action, live demonstrations of the new Fujifilm Acuity B1 sheet fed UV inkjet printer, first showcased at FESPA earlier in the year, will take place on the stand. Being demonstrated again as a technology preview, the Acuity B1 has linear architecture combined with a scalable modular design to allow for the incorporation of additional pre or post-coating equipment, making it ideal for demanding industrial applications. At the heart of the Acuity B1 are Fujifilm printhead and UV ink technologies which provide an unmatched ability to deliver fast, high quality print across a wide range of materials, with the printer being equipped with full head array scanning and LED pinning. The Acuity B1 is ideal for companies looking to integrate inkjet technology into their manufacturing processes.

Bailey Smith, Senior Director of Business Development at Fujifilm Dimatix, comments: “On the stand this year, Fujifilm is focused on showcasing print systems using world-class Fujifilm printheads, inks and inkjet competence. These products are transforming businesses in the industrial and packaging markets today.” He adds: “Fujifilm is pleased to be back in Munich - we recognize the region's importance to the German manufacturing sector and look forward to demonstrating how businesses can benefit from integrating Fujifilm's inkjet technologies into their manufacturing processes.”
(Fujifilm Europe GmbH)

Newsgrafik #118497

Sun Chemical demonstrates the breadth of its capability in Industrial print applications at InPrint   (Company news)

Sun Chemical will be presenting a unique range of products and expertise for functional, industrial and specialty print applications in Hall 6, stand 243, at InPrint 2017, 14 – 16 November in Munich, Germany.

SunJet, the global inkjet brand of Sun Chemical and DIC, will demonstrate its latest developments in inkjet chemistry and its ability to collaborate in development projects with OEM partners, system integrators and print head manufacturers for all current & future applications in a broad range of market sectors, including graphics, décor, textile, industrial and packaging.

Sun Chemical Advanced Materials will present its SunTronic range of products developed to cater for the growth in printed electronics and touch-screen technology applications. The range includes new conductive solutions incorporating nano-silver particles for improved sinter at lower temperatures, advanced dielectric materials as well as its latest etch-resist solutions and masks.

Also on display at InPrint will be an established range of Sun Chemical’s industrial products including:
SunHytek – heat and humidity-resistant ink solutions for high-tech, appliance panel and automotive applications, for which a combination of high visual impact and long-term durability is required.

SunCarte® – high peel strength, colour-consistent screen and offset inks, adhesives and varnishes for laminated plastic cards

SunPoly® – screen inks formulated for high-speed screen printing on a variety of container substrates.

Drawing on their combined technical expertise, knowledge and understanding of the diversity of end-user industrial-based applications, the Sun Chemical teams will showcase their range of leading ink solutions and inkjet chemistries used extensively in applications within the automotive, high technology, interior décor, metal and plastics decoration, direct to product, functional print and printed electronic industries.

A further highlight is Sun Chemical’s nano-silver ink, which has been designed for use with industry-leading inkjet and aerosol jet systems in printed electronics. Sun Chemical’s nano-silver inks deliver the industry’s best performing, low temperature sintering properties and the unique chemistry offers long open life, superior jetting performance and compatibility with most commercial and industrial printheads. With Sun Chemical’s nano-silver inks, it now becomes possible to work with one nano-silver from prototype to production.

Sun Chemical is also showing DIC’s proprietary SEPAREL® hollow fibre membrane technology for the degassing (removal of dissolved gasses) of inkjet ink, resulting in consistently smooth printing, reduced substrate and ink waste, shortened printer cleaning times and lower printer cleaning costs. Unlike traditional microfiltration membranes, SEPAREL® hollow fibre membranes significantly reduce inkjet ink evaporation during degasification and can degasify inkjet ink at any parts per billion (ppb) level.

During the event, Phil Jackman, Product Manager at Sun Chemical’s specialist global inkjet brand, SunJet, will deliver a presentation entitled Ink Developments for Digital Décor Print, which will look at how advances in ink technology are helping to drive the growth of digitally printed décor, including printing on to paper for melamine impregnation and also printing direct to wood-based panels.

Commenting on Sun Chemical’s participation in InPrint 2017, Peter Saunders, Global Business Director at SunJet, says: “As an enabler for many industrial-based applications, inkjet technology is finding itself increasingly used in, or alongside, all manner of manufacturing processes, and it is this exciting future that continues to drive our commitment in the research and development of ground-breaking solutions to cater for this growing demand.

“Our collaborative approach will enable visitors to our stand to benefit from a unique perspective and market insight in to cutting edge innovation and future technology development that will help to improve manufacturing processes, increase competitive advantage and elevate their own market positioning through creative product innovation.”

Visit Sun Chemical in Hall 6, stand 243 at InPrint 2017 from 14 to 16 November in Munich.
(Sun Chemical European Headquarters)

Newsgrafik #118498

Pöyry PLC: Appointment to Pöyry's Group Executive Committee  (Company news)

Dorien Terpstra, 38, MSc in Strategy & Organization, has been appointed Executive Vice President, Head of Strategy and Transformation and member of the Group Executive Committee of Pöyry PLC as of 8 January 2018. She will report to Martin à Porta, President and CEO of Pöyry.

Dorien Terpstra is currently Head of Project Execution for Siemens Netherlands. She will succeed Anja McAlister in the position of Executive Vice President, Head of Strategy and Transformation. Anja McAlister has stepped down from Pöyry's Group Executive Committee for family reasons, as announced on 4 August 2017.

"I am very pleased to welcome Dorien Terpstra to Pöyry and to the Group Executive Committee. I look forward to seeing the energy, commitment and expertise she brings to our transformation program, driving our strategy to create a high performing organisation that brings exceptional value to our clients. It is excellent that in Dorien we have found an executive who brings deep project execution, team leadership, strategy and transformation know-how from her broad international experience across diverse organisations, and I wish her every success in her new role", says Martin à Porta.

Following this change, Pöyry's Group Executive Committee will be increased to five members.

Members of the Pöyry PLC's Group Executive Committee as of 8 January 2018:
-Martin à Porta, President and CEO, Chairman Regional Operations (acting), President Management Consulting Business Group (acting)
-Dorien Terpstra, Executive Vice President, Head of Strategy and Transformation
-Richard Pinnock, Executive Vice President, President Energy Business Group and Global Sales and Project Management
-Nicholas Oksanen, Executive Vice President, President Industry Business Group
-Juuso Pajunen, Executive Vice President and Chief Financial Officer
(Pöyry Plc, Forest Industry Business Group)

Newsgrafik #118499

Ahlstrom-Munksjö: Windsor Locks 250 Years  (Company news)

We are celebrating the 250th anniversary of the Windsor Locks plant. It is the home of many innovations and one of them have lived to the present time - it is the teabag.

Mr. Seth Dexter opened Windsor Locks plant for business in 1767 in the British Colony of Connecticut. Back in the days, the name was Dexter Company and it run a saw and grist mill before expanding into the manufacture of specialty papers. At the time when Ahlstrom acquired Dexter Corporation and Windsor Locks in 2000 Dexter was the oldest company traded on the New York Stock Exchange where it was listed on the 200th anniversary in 1967.

Dexter was the inventor of the technology to make porous teabag paper which was introduced back in the 1930’s and is still produced at the plant today. The company also introduced the first catalogue cover paper. In the second half of the twentieth century the company grew internationally and concentrated on aerospace, automotive, electronics, food packaging and medical markets in the early 1990’s.

With a history that stretches back over two and a half centuries, we are proud of the many generations of employees who have contributed to the company’s success. To acknowledge our longevity and rich history, this year we are celebrating the 250th year anniversary of the Windsor Locks plant.
(Ahlstrom-Munksjö Nonwovens LLC)

Newsgrafik #118531

Positive outlook for corrugated and folding carton industry boosts demand for stand space at ...  (Company news)

... CCE International 2019

There is currently enormous growth potential for the corrugated and folding carton industry, and high demand for stand space at Europe’s only specialised exhibition for this industry sector, CCE International, is reflecting this positive development. The increase in demand for environmentally friendly products, booming online trade and a trend for individualisation and traceability of supply chains are all increasing the production volume for corrugated and folding carton products and open up a variety of new market opportunities.

The previous CCE International, held in March this
year, already put a special focus on future-oriented applications, such as digital print on corrugated and cartonboard, and sophisticated converting techniques. The large number of enquiries for stand space at the next event, which will be held from 12 – 14 March 2019 at the Munich Trade Fair Centre in Germany, shows that innovative application systems are high on the agenda of this industry sector, in order to gain market shares in entirely new product segments.

“Entering diverse markets with enhanced products requires technical know-how and expertise. The technological development of machines, processes and systems for the production and conversion of corrugated and cartonboard has become much faster than just a decade ago. Digitalisation has become a major driver in this industry, too. An exhibition such as CCE International is an important platform for providers of raw materials, machines,
technologies and accessories to market their products to a targeted audience of buyers and users. The event also provides a valuable setting to drive innovation by expert exchange between manufacturers and users of new applications,” explains Nicola Hamann, Managing Director at the organisers, Mack Brooks Exhibitions.

“With its unique focus on corrugated and folding carton, CCE International sets itself apart from more general packaging events. This is the main reason why the exhibition has now established itself as Europe’s premier specialised event for this industry sector. Exhibitors and visitors know that the exhibition is solely about manufacturing solutions for corrugated
and folding carton. The current high demand for sustainable products and new application systems in this sector adds to the success of the show,” says Nicola Hamann.

Some 18 months ahead of the fourth edition of the event, stand reservations are in full swing at the organisers Mack Brooks Exhibitions. Due to t
he positive industry outlook and a high re-booking rate, more than 3,000m2
net stand space is already taken. A total of 150 companies from 23 countries covered a net exhibition space of 4,700m2 at the previous
exhibition. The event attracted 2,130 trade visitors from 67 countries.

Specialised exhibition profile
The exhibitors at CCE International present a comprehensive portfolio of paper (corrugated and cartonboard), consumables, corrugating line, equipment and components, corrugated and carton converting machinery, design and CAD/CAM, printing processes and equipment, cutting, creasing and die cutting equipment, ancillary equipment, material handling and warehousing, pallet strapping and handling systems, MIS and plant scheduling systems, waste extraction and baling, as well as related services.

Visitors come from corrugated board plants and sheet plants, are folding carton converters, packaging designers and specifiers, rigid carton manufacturers, honeycomb board manufacturers, core board and core tube manufacturers or trade agencies.

The exhibition survey at the previous event showed that 93% of exhibitors fully or partially achieved their aims at the show. A total of 85% of
exhibitors received positive business enquiries. The exhibition survey also confirmed the specialisation and decision-making capacity of the visitors: 77% of the visitors influence or make purchasing decisions and every
second visitor came to the show with definite investment plans.

Information for exhibitors
Companies interested in exhibiting at CCE International 2019 will find detailed information on the newly designed multi-lingual exhibition website where an exhibitor brochure can be ordered. The exhibition will feature a series of open seminars on the latest industry topics and will be held in hall B6 at the Munich Trade Fair Centre, Germany.

Once again, the 11th edition of ICE Europe, International Converting Exhibition, will be held in halls A5 and A6 in parallel to CCE International.
Detailed information about CCE International is available on the exhibition website
(Mack Brooks Exhibitions Ltd)

Newsgrafik #118480

Phipps Label Co. invests in the all new Nilpeter FA  (Company news)

Picture: Greg Phipps of Phipps Label Co, and Bob Loescher of Nilpeter, standing by the all new FA on the assembly line at Nilpeter USA in Cincinnati, OH

Phipps Label Company was founded by Greg Phipps in the spring of 1990. A long-time veteran of the label printing industry and a hands-on guy, Greg wanted more control of the quality of the labels he was delivering. Hard-working employees and loyal customers have been the key to growing the business into its current 35,000-square-foot facility that houses six high-performance presses, versatile finishing equipment and the latest in digital printing technology. The new FA will be a welcome addition.

“We were looking to continue our growth pattern which required us to increase our capacity and efficiency, and provide more flexibility in our product offerings. After we saw the new FA perform for the first time, we knew exactly what we needed to do,” says Greg Phipps, Owner and President, Phipps Label Co. ”Right from the start of the Nilpeter factory tour, we could see how this press was different. With the automated machining centres producing one-piece steel modules all at once, this press is just built different, and it shows. The level of performance and efficiency is exactly what we were looking for. The FA’s make-ready times are reduced so much through the job save and recall functions and the one piece inking system provides the absolute fastest setup times. This press will change the way we can deliver to our customers and keep us one step ahead of their needs,” Greg Phipps concludes.

The All New FA is Nilpeter’s latest offering from the FA-Line. Providing clean-hand operations through wireless controls and the most sophisticated Industry 4.0 automated setup. The new FA is a next generation platform meeting the ever-growing needs of the modern press operator – offered in multiple levels of automation and production requirements. The FA is tailored to meet the printer’s exact needs for today and can be enhanced later on with add-on Application and Automation Packages.
(Nilpeter USA Inc.)

Newsgrafik #118484

In-mould labels with a plus in efficiency – Heidelberg presents new Speedmaster XL 106-DD ...  (Company news)

...rotary die-cutter

-Double the throughput, half the makeready times and tool costs
-One pass productivity: completely die-cut in-mould labels for further processing in a single pass
-Fully flexible: Speedmaster XL 106-DD processes plastics and paper
-Heidelberg presents the entire range of solutions for in-mould, wet glue, and self-adhesive labels at the Label Day and LabelExpo

Photo: Downright double the throughput, half the makeready times and costs for die cutting tools: The new Heidelberg Speedmaster XL 106-DD rotary die-cutter offers a significant productive boost for the production of in-mould labels and other elements of packaging.

The in-mould label market is continuously growing globally at around 4.3 per cent (Awa Global Inmould Study 2017), and more than two thirds of the worldwide production is required for food packaging. Heidelberger Druckmaschinen AG (Heidelberg) is now offering an enhanced rotary die-cutter based on the XL technology, in addition to food-safe, highly efficient print production. The Speedmaster XL 106-DD unites two key production steps in a single machine – a unique combination in the market. The rotary die-cutter’s first unit places the injection hole in the label for the subsequent production process by means of a die on a magnetic cylinder with maximum precision. Even the tiniest holes of five millimeters diameter or more are possible. Up to now, this was a separate step that consequently extended the production time of the respective job.

The cut out material is safely and reliably removed by means of an extraction system. The second unit of the XL 106-DD subsequently cuts out the contour of the label from the sheet. At the end of the day, this combination of the two production steps in a single pass means a downright doubling of the die-cutting throughput, while makeready times and costs for die cutting tools can be reduced to half of the previously required.

The XL 106-DD processes foils and paper with thicknesses of 0.05 to 0.3 mm at a throughput of 6,000 to 10,000 sheets per hour – almost twice as fast than a flatbed die-cutter. The costs for die cutting tools are usually in the range of EUR 300 to 1,000, and the machine is typically set up in 15 minutes.

Injection holes of five millimeters diameter and more can be cut, thus all the needs that are customary in the industry can be met. Apart from in-mould labels, the XL 106-DD can also cut plastic or paper packaging elements, such as POS items which, due to their design, need a “window” or hole for mounting in the shelf or for attaching to the product.
(Heidelberger Druckmaschinen AG)

Newsgrafik #118485

Metsä Board recognised by CDP as a global leader in sustainable water management and ...  (Company news)

... climate action

Metsä Board has once again been rewarded a position on the CDP Water A List as well as on the CDP Climate A List. This is the third consecutive year that the company has been included on the CDP Water A List and the second year on the CDP Climate A List. Metsä Board also achieved Leadership status in the CDP Forest programme for the third year in a row. CDP is a non-profit global environmental disclosure platform.

Metsä Board is among the top 10% of companies participating in CDP’s water programme to be placed on the Water A List. This achievement is in recognition of its actions in the last reporting year to manage water more sustainably. Additionally, Metsä Board is among the top 5% of companies participating in CDP’s climate change programme to be featured on the 2017 Climate A List. This positioning recognises its activities to cut emissions, mitigate climate risks and develop the low-carbon economy.

“We’re delighted that Metsä Board was once again rated among the world’s best performing companies by CDP,” says Mika Joukio (photo), CEO of Metsä Board. “Sustainability actions should be initiated and driven by the company’s top management to ensure engagement throughout the business. For Metsä Board the reduction in CO2 emissions and water usage have also delivered overall cost efficiencies along with sustainability benefits.”
(Metsä Board Corporation)

News-Paginierung #2