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Newsgrafik #122577

Eighty percent of machine problems resolved via W&H Remote Service  (Company news)

When machine problems occur, fast action is needed. This is why the Information and Diagnostic Center (IDC) is available 24 / 7/ 365 to all W&H customers worldwide. The IDC team can successfully resolve more than 80 % of all machine problems via Remote Service from three locations with its comprehensive error analysis. In April 2019, IDC celebrates its 25th anniversary.

Caption: Service technicians of W&H’s IDC are available 24 / 7/ 365 and resolve eighty percent of machine problems via Remote Service

"The 26 service technicians in our Information and Diagnostic Center are reachable day and night via our Service Hotline," explains Christian Brönstrup, head of the IDC. A customer can speak directly to an engineer with expertise in his specific machine type via the hotline: "If a customer has a question or a problem, we want to provide him with the best and fastest possible support," says Brönstrup. All IDC engineers have at least five years of experience as field service technicians along with in-depth machine know-how.

Around-the-clock availability of the IDC team is guaranteed by the "follow-the-sun" principle: Depending on local time, the customer reach engineers in Germany, India or the USA.

Remote Service enables comprehensive troubleshooting and analysis.
For almost 10 years, W&H service technicians from IDC have been able to connect to a W&H machine at the other end of the world via Internet using a remote function. With just a few clicks and operator approval, they can look into a customer’s machine, right down to the control and drive level, identify and correct issues quickly. "With our comprehensive first-level support and especially via the remote function, we solve over 80 percent of machine problems directly, without the need for a service technician to be on site at the customer", says Brönstrup. "Therefore, successful Remote Service saves both time and money ". When purchasing a new machine, the Remote Service is free of charge during the warranty period. However, the service can also be continued with a service contract.

The history of the Information and Diagnostic Center began in 1994 with the service hotline. In the following years, machines were equipped with modems to which service technicians could connect and connect remotely to the customer’s machinery. The next development is already underway: remote diagnosis will be supported with live image transmission and the use of data glasses.
(Windmöller & Hölscher KG)

Newsgrafik #122579

Tieto to renew and digitalize Shandong Sun Paper's business processes  (Company news)

Shandong Sun Paper in China, part of the Shandong Sun Holdings Group, has selected Tieto to modernize their business systems and enable digitalization. The business renewal is based on Tieto Integrated Paper Solution (TIPS) for pulp and paper industry. The new solutions enable better production planning and optimisation to gain significant production efficiency improvements both in costs and material.

The first phase includes TIPS Production Planning and Trim Solutions implementation for Sun Paper’s 7 mills and 14 paper machine lines with the needed ERP integrations. The parties have also agreed to expand the collaboration for wider use of the TIPS MES, Manufacturing Execution System.

Photo: Lina Li and Jarmo Ropponen are shaking hands after signing the contract.

“Digitalization and automation of our key processes increase efficiency and help us to compete in the tough paper market. Modernization of the systems improves our readiness to serve our customers and meet their demanding needs. Our company is one of the fastest growing paper companies in the world and we are regularly investing in environmental protection and this aspect has been taken into account in planning of the on-going business renewal,” says Lina Li, Vice Chairman of Shandong Sun Holdings Group.

“We are very pleased to establish a long-term partnership with fast growing Sun Paper and to support their business renewal. The new agreement is a very important step in Pulp & Paper industry China market expansion and strategy execution,” summarize Carsten Henke, Head of Pulp and Paper Industry, Tieto.

Tieto’s integrated TIPS solution is optimized for the pulp, paper, board, tissue and flat sheet industries utilizing the industry-proven best functions for both MES (Manufacturing Execution System) and ERP (Enterprise Resource Planning). It seamlessly integrates planning, business operations and production processes i.e. order to cash, and it’s the #1 solution worldwide.
(Tieto Finland Oy)

Newsgrafik #122580

Colbert Packaging Reduces Carbon Footprint Through Wind Energy Purchase  (Company news)

Colbert Packaging Corporation, a premier provider of paperboard packaging solutions, announces its commitment to environmental stewardship through the purchase of renewable energy credits (RECs) in the form of wind energy. This initiative complements Colbert’s overall sustainable strategy and commitment to reducing the environmental impact of its operations. The investment allows Colbert to lower its carbon footprint and protect the environment, and supports the development of renewable energy technologies.

“We manufacture paperboard-based folding cartons, which is a sustainable alternative to plastics,” states Colbert President and COO, John Lackner, “and now we are able to further our strategy to meet overall clean energy goals with wind energy credits. We firmly believe it’s important to make sustainable decisions with the future in mind – for our employees and their families, our customers and our community.”

Colbert made this investment in renewable wind energy by purchasing Green-e® Energy certified renewable energy certificates (RECs) to reduce the emissions associated with its electricity consumption. That’s an environmental impact equivalent to the avoidance of 17,640 barrels of oil. A REC represents the environmental benefits associated with one megawatt-hour of energy generated from renewable resources.
(Colbert Packaging Corporation)

Newsgrafik #122582

Nippon Paper Industries Constructs a New Manufacturing Facility for Highly Functional Cellulose ...  (Company news)

... at the Gotsu Mill

Strengthening Brands for Food and Lithium Ion Batteries

Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; headquartered in Chiyoda-ku, Tokyo; hereinafter "Nippon Paper Industries") announces the construction of a new facility for the functional cellulose product carboxymethyl cellulose (CMC, product name: "SUNROSE®") at the Gotsu Mill (Gotsu City, Shimane Prefecture). Nippon Paper Industries will invest approximately 4.7 billion yen into this facility, which is planned to be completed in November 2020. Upon this construction, Nippon Paper Industries will re-establish a CMC production system and work toward a shift to high-value-added and high-quality fields such as special brands for food and lithium ion batteries developed with its unique technologies.

CMC is an anionic, water-soluble polymer that is derived from wood cellulose. Because it is derived from wood, it offers slow biodegradability and is also known as an eco-friendly material. Since it features outstanding adherence, water absorption and water retention, it is widely used for food, hygiene and industrial applications. Recently, applications for lithium ion batteries are increasing and future growth is expected.

Nippon Paper Industries has experience with manufacturing products derived from wood such as dissolving pulp and functional chemicals at Gotsu Mill, which is its main factory in our chemical business. In September 2017, it launched a cellulose nanofiber (CM-CNF, product name: "CELLENPIA®") mass-production facilty as a new member of the CMC lineup. With this increase in production capacity, Nippon Paper Industries will work to strengthen the foundations of the business, aiming for further expansion as a comprehensive biomass company shaping the future with trees.
(Nippon Paper Industries Co Ltd)

Newsgrafik #122624

World Recycling Day: Lucart shows that choosing recycled toilet paper saves 80% of renewable ...  (Company news)

... resources and 38% of water resources

According to Lucart estimates, following an EPD analysis, doubling the annual national consumption of recycled toilet paper could lead to an annual saving of over 5 million m3 of water and 400 thousand tonnes of wood

On Monday, March 18, for the second consecutive year, World Recycling Day is being celebrated. This is an event that aims to raise awareness about the key role that this practice plays in preserving the planet's resources, and this year it will have as its theme "recycling in the future". Today, in fact, humans use the natural resources of the earth faster than they are able to recover, consuming 1.7 times the regeneration capacity of the planet.

Among these, one of the materials most used is wood which serves, among others, for producing the paper we use every day, including paper for hygienic-sanitary purposes: just think that in Italy, in just one year, about 1.5 million tonnes of tissue paper for hygienic and sanitary use are produced and of these only 7% is produced with recycled materials. These figures show how, although ours is one of the most virtuous countries in Europe for the recycling of paper and cardboard, there is still much to be done to reduce the ecological footprint that man leaves on the planet.

During the EPD certification (Environmental Product Declaration) process on two toilet papers produced by the same Italian multinational, Lucart was able to ascertain the environmental advantages of toilet paper made using recycled materials compared with that produced starting from virgin materials.

In fact, for each tonne of recycled toilet paper produced, an environmental benefit can be observed:
-a reduction of 80% in the consumption of renewable resources, with asaving of 4,060.9 kg of wood;
-a reduction of 38% in consumption of water resources,that is,50.63 m3 of water;
-a saving of 404.50 kg of CO2, the gas that is one of the main culprits of climate change.

"We have always maintained that because they cannot be further recycled, it is important that products such as toilet paper are made using recycled materials,"says Massimo Pasquini, CEO of Lucart. "We were however surprised to read the results of the environmental savings of recycled paper established by the EPD analysis we commissioned on some of our products. Saving more than 50 m3 of water per tonne of paper produced means that if the recycled products had more space in our shopping cart, perhaps doubling the amount of recycled toilet paper purchased for the same level of consumption, we could save a quantity of water that could fill2000 Olympic swimming pools, an incredible amount!"

An ambitious but absolutely achievable result: for this to happen, however, it is necessary to implement a regulatory framework, harmonised at European level, that encourages the production and sale of recycled products.

"In this way, virtuous products would also find more space on supermarket shelves.

Finally, purchases of sanitary products by public bodies with minimum environmental criteria should include a significant percentage of recycled paper. If separate waste collection is not followed by the production and purchase of recycled products, in fact, it becomes an activity with no added value" - concludes Massimo Pasquini.
(Lucart Group)

Newsgrafik #122562



Hugo Beck, the world’s leading manufacturer of horizontal flowpack, film packaging and post-print processing machines, is exhibiting for the first time at Tissue World 2019 in Milan from 25-27 March.

Visitors to Hall 3, Stand G-360 will see a wide range of film packaging solutions for flowpacks, poly bags and shrink packs. Hugo Beck has many years’ experience providing both standardised and highly customer-specific film packaging solutions for tissue product manufacturers across the world.

Hugo Beck will demonstrate the range of different hygienic tissue packaging applications that the companies’ solutions can deliver – all finished to the highest standards of appearance whilst also ensuring the most efficient use of film, saving resources and maximising the sustainability of tissue product packaging.

The flexibility and efficiency of Hugo Beck’s packaging solutions will be of particular interest to visitors, as they enable manufacturers to produce variable pack sizes, styles and formats, including multiple options for grouping, stacking and handling. Switching between various applications on even just one packaging system is made easy with extremely short make-ready times for each application. This adaptability is coupled with industry leading high packaging speeds.

“Sustainability is increasingly important in packaging decisions across all industries”, says Timo Kollmann, Hugo Beck Sales Director. “Hugo Beck can help tissue product manufacturers deliver on their sustainability commitments by offering significant material and efficiency savings. These, combined with the flexibility and speeds possible through even a single machine application, offer the advantages manufacturers demand from their packaging and we look forward to welcoming visitors to our stand at Tissue World to explain more.”
(Hugo Beck Maschinenbau GmbH & Co KG)

Newsgrafik #122566

Krima Hot Dispersing Units to Liansheng Paper Industry Co  (Company news)

In February 2019, Liansheng Paper Industry Co contracted Cellwood Machinery for the supply of two new Krima Hot Dispersing Units (photo) to be designated PM10. The new PM10 machine will be located in Liansheng’s paper mill in the Zhangzhou Taiwanese Investment Zone.

Founded in 2004, Liansheng Paper Industry Co., Ltd. is one of the largest papermaking enterprises in Fujian Province (China).
Its main products are corrugated medium and testliner.

The delivery will take place in January 2020.
(Cellwood Machinery AB)

Newsgrafik #122568

Mondi Group Full year results for the year ended 31 December 2018  (Company news)

• Strong financial performance on all key metrics
---Revenue of €7,481 million, up 5%
---Underlying EBITDA of €1,764 million, up 19%
---Underlying operating profit of €1,318 million, up 28%
---Basic underlying earnings of 189.1euro cents per share, up 27%
---Profit before tax of €1,105 million, up 25%
---Recommended full year ordinary dividend of 76.0euro cents per share, up 23%
• Robust operational performance and strong cost control across the Group
• Capital investment projects on track and delivering growth
---Successful start-up of the modernisation of Stetí (Czech Republic)
---Focused capital investment project pipeline in progress, securing future growth
• Good progress integrating acquisitions, total spend €424 million
• Well positioned with sustainable packaging solutions portfolio
• Announced intention to simplify corporate structure
• Delivering against our 2020 Growing Responsibly commitments

Peter Oswald (photo), Mondi Group Chief Executive Officer, said:
"Mondi delivered a strong performance in 2018, with underlying EBITDA up 19% to €1,764 million. We benefited from good demand across our fibre packaging businesses, higher average selling prices and the contribution from our recent acquisitions. I am particularly pleased to report on a robust operating performance, delivering productivity gains and strong cost containment, mitigating the inflationary pressures on our cost base.

We continue to make good progress in delivering value accretive growth and enhancing the ongoing cost competitiveness of our operations through our capital expenditure programme. During the fourth quarter of 2018, we successfully started up the €335 million modernisation of our kraft paper facility in Stetí and we received the final permits to proceed with our investment in a 300,000 tonne kraft top white machine at our Ružomberok mill (Slovakia), while work to upgrade the pulp mill at the same site is progressing well. Expansionary capital expenditure projects at a number of our packaging operations and the integration of acquisitions completed in the year will further enhance our production capabilities and product offering to customers.

In November 2018, we announced a proposal to simplify our dual listed structure into a single holding company structure under Mondi plc, which we believe will streamline cash and dividend flows, enhance our strategic flexibility, increase transparency and remove the complexity associated with the current structure.

Looking ahead, while there are macro-economic uncertainties, we remain confident in the structural growth drivers in the packaging sectors in which we operate. Pricing is mixed going into 2019, with recent price reductions in containerboard grades and market pulp and stronger pricing in our kraft paper markets. During 2019, we are planning longer maintenance and project related shuts, while looking forward to the incremental contribution from recently completed major capital projects and acquisitions.

Mondi is uniquely positioned to develop sustainable packaging solutions. With our robust business model, strong balance sheet, focus on leveraging key industry trends of sustainability, e-commerce and enhancing brand value, and culture of continuously driving performance, we continue to look to the future with confidence.
(Mondi Europe & International Division)

Newsgrafik #122572

The turn of the year sees major orders worth EUR 50 million for manroland Goss Group  (Company news)

After the successful merger of the two printing press producers, manroland web systems and Goss International, the newly formed company can look back on a successful financial year 2018. With a combined turnover of EUR 293 million and order intake of EUR 327 million, the company has solidified its leading market position in web offset. The latest major orders at the turn of the year to the value of EUR 50 million, raised the order backlog to EUR 200 million in the project business. Thereby, the company is currently at a very good capacity level, stretching into the second quarter of 2020.

manroland Goss web systems has presented itself in this respect as a strongly performing solutions partner to the printing industry. "It is our objective to provide products and a range of services with added value for our customers. We have created a global company with the merger and provide the most comprehensive offer available on the market, with reduced cost structures and with a focus on efficient business processes. This is reflected now in our operative performance indicators" according to CEO Alexander Wassermann (photo), referring to the balance sheet of the previous year. "Our strategy is clear: A further expansion of our market position as well as the development of new profitable business fields."

In this respect, research and development funding has been primarily invested in future-oriented areas; this means flexible packaging printing, the preventative press maintenance system Maintellisense, and the intelligent B2B eCommerce trading platform MARKET-X. Furthermore, two acquisitions are supporting the company strategy. On the one hand, the asset purchase of Harland Simon has expanded the product and service range in the area of automation solutions and, on the other hand, the share purchase of GWS complements the global business activities with pre-owned presses and press relocations. All activities are directly oriented towards the benefits provided to all existing and indeed new customers. This is what over 1,000 employees worldwide are working on..
(manroland Goss web systems)

Newsgrafik #122603

Stora Enso invests in next-generation renewable, recyclable and biodegradable formed fiber solutions  (Company news)

Stora Enso is investing EUR 5 million to build a new production line and related infrastructure to manufacture formed fiber products at Hylte Mill in Sweden. The formed fiber technology enables manufacturing of products that are designed for circularity, meaning that they are renewable, recyclable and biodegradable and do not contain any plastic.

The formed fiber investment further strengthens Stora Enso’s opportunities to replace fossil-based products and contribute to combatting the global problem of plastic waste. First products are expected to be on the market by the end of 2019.

Formed fiber products are manufactured from various chemical pulps and chemi-thermomechanical pulp (CTMP) by pressing it into a desired shape in a molding machine. The raw material is pulp made from wood from FSC and PEFC certified, traceable sources in Sweden and Finland. Stora Enso will manufacture the raw material at its mills in Sweden and Finland and do the converting at Hylte Mill. The initial annual capacity during the pilot stage will be approximately 50 million units of product with the intention to expand.

The production line will be operated by a new business unit for formed fiber which will also conduct research and development of new formed fiber materials and technologies. Potential products include single-use food packaging items such as plastic-free cups, bowls, clamshells, plates and coffee cup lids as well as non-food applications, responding to the needs of eco-conscious consumers looking for more environmentally friendly alternatives to plastic.

“This investment is another step on our transformation journey to replace plastic and other fossil-based materials with renewable and recyclable alternatives. This investment allows us to help our customers build their brands as eco-friendly, circular companies,” says Sohrab Kazemahvazi, Vice President, Head of Formed Fiber.

Hylte Mill produces newsprint based on thermo-mechanical pulp (TMP) and recycled fiber, and has experience from taking new production technologies into use, as Stora Enso’s biocomposite granules production line was inaugurated at the mill in 2018. At Hylte Mill, Stora Enso can make best use of the resources available to support the new investment: industrial infrastructure and highly competent workforce. The formed fiber business currently belongs to reporting segment Other.
(Stora Enso Oyj)

Newsgrafik #122612

Clearwater Paper Reports Fourth Quarter and Full Year 2018 Results  (Company news)

Clearwater Paper Corporation (NYSE:CLW) reported financial results for the fourth quarter and full year of 2018.

The company reported net sales of $428.7 million for the fourth quarter of 2018, which was $8.0 million or 1.8% lower than net sales of $436.7 million for the fourth quarter of 2017. The decrease was primarily due to the sale of the company's mill in Ladysmith, Wisconsin in August 2018 and lower tissue shipments, partially offset by higher paperboard shipments and pricing. Net loss determined in accordance with generally accepted accounting principles, or GAAP, for the fourth quarter of 2018 was $187.8 million, or $11.39 loss per diluted share, compared to net earnings for the fourth quarter of 2017 of $80.9 million, or $4.88 per diluted share, which included a $70 million tax benefit related to the 2017 tax law changes.

The net loss included a $195.1 million non-cash goodwill impairment charge related to the consumer products business taken in the fourth quarter of 2018. The impairment charge relates to the goodwill arising out of the company's acquisition of Cellu Tissue Holdings, Inc. in 2010 and will not result in any cash expenditures or affect the company's cash position, cash flow from operating activities, liquidity position or availability under its credit facilities.

Excluding certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, fourth quarter 2018 adjusted net earnings were $7.4 million, or $0.45 per diluted share, compared to fourth quarter 2017 adjusted net earnings of $14.4 million, or $0.87 per diluted share.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, were $(149.7) million for the fourth quarter of 2018, compared to $52.2 million for the fourth quarter of 2017. Adjusted EBITDA for the quarter was $45.5 million, down 21.0% compared to fourth quarter 2017 Adjusted EBITDA of $57.5 million.

For the full year 2018, the company reported net sales of $1.7 billion, which was flat with 2017 net sales. Price increases in tissue and paperboard helped offset reduced tissue shipment volumes resulting primarily from the sale of the Ladysmith, Wisconsin mill and changes in customer orders. Net loss determined in accordance with GAAP for 2018 was $143.8 million, or $8.72 loss per diluted share, compared to net earnings of $97.3 million, or $5.88 per diluted share in 2017. The net loss in 2018 included the goodwill impairment charge described above, and net earnings in 2017 included the significant tax benefit described above. Excluding certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, 2018 adjusted net earnings were $42.0 million, or $2.55 per diluted share, compared to 2017 adjusted net earnings of $38.4 million, or $2.32 per diluted share.

EBITDA was $(0.9) million for full year 2018, compared to $177.3 million for 2017. Adjusted EBITDA for the year was $176.7 million compared to 2017 Adjusted EBITDA of $189.5 million.

“We are pleased to deliver solid fourth quarter results driven largely by the strong execution of our pulp and paperboard business,” said Linda K. Massman, president and chief executive officer. “Also, by executing against our strategic priorities, in 2018 we were able to successfully implement a regional consumer products operating model; accelerate the start-up of converting lines in Shelby, North Carolina; and complete the sale of a recycled tissue mill in Ladysmith, Wisconsin.”

“While the performance of our consumer products business continues to be impacted by an increasingly competitive market, we have made great progress across this business, and are encouraged by the improvements in our operating results. The strength of our longer-term fundamentals and the positive consumer trends for private label brands give us confidence that the company is well-positioned in a rapidly-evolving market.”

“Throughout 2019 we will be focused on two key areas - installing and operating the new paper machine at our Shelby plant; and optimizing our facilities and equipment to generate greater cash flow, increase our financial flexibility and pay down bank debt - all of which we expect will deliver significant value for our shareholders.”

Consumer Products
Net sales in the Consumer Products segment were $212.7 million for the fourth quarter of 2018, down 9.3% compared to fourth quarter 2017 net sales of $234.7 million. This decrease was due to lower retail volumes and prices and the divestiture of the Ladysmith, Wisconsin mill in August 2018.

Operating loss for the fourth quarter of 2018 was $193.6 million, compared to operating income and margin of $7.5 million and 3.2%, respectively, in the fourth quarter of 2017. The operating loss included the non-cash impairment charge described above that was recognized in the quarter. After adjusting for certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, adjusted operating income and margin were $0.9 million and 0.4% for the fourth quarter of 2018 compared to $11.5 million and 4.9% of adjusted operating income and margin, respectively, for the same period in 2017. Adjusted EBITDA for the segment was $15.7 million in the fourth quarter of 2018, down from $25.9 million in the fourth quarter of 2017. Those decreases were primarily due to lower average selling prices, unfavorable absorption of fixed costs over lower volumes of retail shipments, higher pulp costs and the divestiture of the company's Ladysmith, Wisconsin mill.

Tissue Sales Volumes and Prices:
-Total tissue volumes sold were 80,980 tons in the fourth quarter of 2018, a decrease of 7.3% compared to 87,313 tons in the fourth quarter of 2017. Converted product cases shipped were 11.6 million in the fourth quarter of 2018, 8.2% lower than the 12.7 million cases shipped in the fourth quarter of 2017.
-Average tissue net selling prices decreased 1.4% to $2,627 per ton in the fourth quarter of 2018, compared to $2,663 per ton in the fourth quarter of 2017.

Pulp and Paperboard
Net sales in the Pulp and Paperboard segment were $216.0 million for the fourth quarter of 2018, up 6.9% compared to fourth quarter 2017 net sales of $202.1 million. The increase was due to record shipment volumes and higher paperboard prices.

Operating income and margin for the fourth quarter of 2018 were $31.8 million and 14.7%, compared to $34.4 million and 17.0%, respectively, for the fourth quarter of 2017. Adjusted EBITDA for the segment was $41.5 million in the fourth quarter of 2018, compared to $44.2 million in the fourth quarter of 2017. The decrease was primarily due to higher wood fiber costs due to weather conditions, boiler maintenance, higher natural gas prices caused by a pipeline disruption which impacted the company's Lewiston, Idaho mill and a pulp disruption at the Idaho mill which necessitated a higher volume of purchased pulp.

Paperboard Sales Volumes and Prices:
-Paperboard sales volumes were 218,322 tons in the fourth quarter of 2018, an increase of 3.9% compared to 210,098 tons in the fourth quarter of 2017.
-Paperboard net selling prices increased 2.1% to $982 per ton for the fourth quarter of 2018, compared to $962 per ton in the fourth quarter of 2017.
(Clearwater Paper Corporation)

Newsgrafik #122543

Solenis TopScreen™ Barrier Coating Technology Named One of World’s Best in ...  (Company news)

... NextGen Cup Design Challenge

Picture: Solenis TopScreen™ recyclable and compostable barrier coatings technology replaces plastic liners for fiber to-go cups

Solenis has been named as one of only 12 winners in the NextGen Cup Challenge, a global innovation competition backed by giants of the food-service industry to redesign and create a widely recyclable and/or compostable fiber hot and cold to-go cup. The Challenge attracted nearly 500 entries from more than 50 countries.

Solenis received the award in the Innovative Cup Liners category for its TopScreen™ recyclable and compostable barrier coatings technology.

Solenis TopScreen barrier coatings are suitable for packaging applications that require specific liquid/moisture vapor barrier properties and can replace barriers composed of polyethylene (PE). In the same family are formulations designed to replace perfluorocarbon (PFC) in a variety of applications where grease resistance and moisture vapor barrier properties are required.

TopScreen formulations are produced with a minimum or no fossil fuel components and a maximum of sustainably sourced raw materials. Ideal as a more sustainable and cost-effective barrier option for PE-free cups, Solenis TopScreen barrier coatings can be used to produce fully recyclable and repulpable paper and paperboard packaging. TopScreen barrier coatings can be applied on paper machine coaters or offline coating equipment, providing flexibility for cup makers and utilization of existing cup-making equipment. As a truly global materials supplier, Solenis is uniquely positioned to implement the TopScreen barrier coating solution for paper cups anywhere in the world.

More than 250 billion fiber to-go cups are used annually. The PE lining that keeps them from leaking also prevents them from being recycled or composted. Instead, they wind up in landfills or waterways, contributing to the growing plastics pollution problem.

The NextGen Cup Challenge was initiated by the NextGen Consortium, a multi-year partnership of leading food-service industry players convened by Closed Loop Partners to address single-use food packaging waste globally.

“This is outstanding recognition for the great work done over the past several years by our research and development team,” said Larry Hutchinson, Solenis global market development manager for Consumer Board. “The demand for a more sustainable paper cup is growing worldwide and this award confirms that Solenis is among the leaders in providing an immediate and viable solution.”

Newsgrafik #122553

Facemounting to acrylic for high-end fine art  (Company news)

Face-mounting a print, especially a photograph, can really make the image the focus of the space. At Drytac® we have developed Facemount®, a high-quality, optically clear mounting adhesive, specifically for this application, but that's not all you need to produce a stunning result.

In fact, there are five critical physical material aspects to consider when completing or ordering acrylic face-mounts in order to get the results you are looking for:
- Photo Paper/Print Media
- Acrylic
- Facemount - Optically Clear Mounting Adhesive
- Backing - depending upon hanging system
- Hanging system

Photo Paper/Print Media
First of all, an essential aspect to acrylic face-mounting is the choice of photograph paper or print media. Use only top-of-the-line photo paper for an acrylic project print - remember you're creating an eye-catching display. The most popular photo paper - and the one I prefer for most projects - is a metallic paper. Be it metallic satin or metallic glossy, metallic paper truly enhances the vibrancy of the photograph. However, not all pictures call for metallic paper; portraits, for example, very often benefit from a photo paper with a pearl finish. Every surface has a Roughness Average (RA) and, keeping that in mind, the smoother the surface of the photograph, the better your results when face-mounting. If you do not have a completely smooth surface, you may see very tiny air bubbles in your print called silvering - not something you want in your finished photographic display.

Next on your list is the acrylic itself. Not all acrylic is alike. Specifically, there is a choice between cell cast acrylic and extruded acrylic. Cell cast acrylic is harder, has a more uniform thickness, is more scratch-resistant and is typically clearer than extruded acrylic. Most people in the industry only use cell cast acrylic for face-mounting, regardless of the thickness. If you are shopping around for a face-mounted photograph, always ask the vendor what type of acrylic they are using. If they tell you that all acrylic is the same, chances are they are using sub-par material and you may well have issues in the future. There is also a vast range of prices, from cheap acrylic only good for running experiments, to museum-quality acrylic that sells for four-figure sums per sheet. A reliable business will talk you through the options.

The third essential aspect to face-mounts is an optically clear mounting adhesive, a two-sided adhesive that is used to adhere the photograph to the acrylic. It's imperative that this is of the highest quality to ensure a clear picture with no distortion. Drytac's product, specifically designed for this application, is called Facemount® - a pressure-sensitive permanent mounting adhesive protected on each side by a clear polyester release liner.

Drytac's Facemount® has been valued and relied on in the fine art sector for more than 30 years. Facemount® is engineered for the face-mounting of virtually any image to clear substrates like PetG, Plexiglas, acrylic and polycarbonate, which means that it is a fantastic option for high-quality photographic and inkjet printed images. It is particularly good for lenticular imaging applications, backlit display transparencies and touchscreen displays too - it really is of the highest quality in the market.

You should also consider the backing to be used with your photograph - indeed, this could be the most important aspect if you are hanging your picture on a wall. The backing must support the weight of your acrylic without tearing away from the back of the photograph to which it is adhered, and also maintain its adhesion to the mounting hardware.
For wall-hung pictures, Dibond backing or coloured 1/8″ cast acrylic sheet is typically used. Dibond is basically an aluminium sandwich: a composite that consists of a high-strength aluminium skin on both sides, sandwiching a super-strong polyethylene centre core. It provides the utmost protection to the back of your picture while providing an incredibly strong substrate from which your acrylic can safely hang. The same applies to cast acrylic backings. This step requires another double-sided adhesive to bond the back side of the image to the backer - Facemount®.

Hanging Systems
Which backing to use depends on the hanging system, and this is the final critical aspect when acrylic face-mounting a print. No matter how good your backing is, if your hanging system fails, then everything else ceases to matter. It should be large enough to support the weight of the material, for if the weight exceeds the dimension of the hanger it will pull away from the backer, causing a failure.

A cleat style hanging system requires Drytac Facemount® to be used on the front and back of the photo, because Facemount® has a very high shear strength and will hold, whereas other mounting adhesives have a lower shear strength and the acrylic and image will eventually release from the backer over time. This could cause the image to slide down the backer, or simply separate altogether.

Alternatively, standoff style hanging systems are essentially metal bolts that hold an image to the wall with anchors installed into the wall surface. This style of hanging system will provide enough weight distribution and support lower shear strength options as the adhesive for the backer. This is because the standoff goes completely through the sandwich of the Facemount®, holding it together and supporting the entire weight of the piece on all four corners from front to back. With this system, there is no way for the image to slide down the backer because they are supported equally. There are other hanging systems that are patented; research all the types to find the best system to meet your needs.
Acrylic face-mounted prints can look great. Make sure you choose the right photo paper or print media, acrylic, optically clear mounting adhesive, backing and hanging system to make them look incredible.
(Authored by Steve Yarbrough, Drytac Product Support Specialist)
(Drytac Europe Limited)

Newsgrafik #122555

Twin Rivers Paper Company Announces Leadership Transition  (Company news)

Ken Winterhalter to Become President & CEO; Bob Snyder to Assume Role of Chairman of the Board

Twin Rivers Paper Company LLC announced that Ken Winterhalter, who currently serves as the Company’s President, has been named Chief Executive Officer.

Mr. Winterhalter, who joined the company in 2013, succeeds Robert (“Bob”) Snyder, who has been named Chairman of the Board. These new roles are part of a long-term growth and succession plan established by Twin Rivers’ management.

Mr. Winterhalter has served as Twin Rivers President since 2013. His decades of experience prior to joining the company include serving as President & CEO of National Envelope and President of Unisource.

“I am incredibly proud of what we have achieved at Twin Rivers these past six years thanks to our exceptional team, world-class suppliers and loyal customers,” said Winterhalter. “I am extremely grateful to Bob for his friendship and counsel and look forward to continuing our partnership together in his role as our Board Chair.”

“In recent years, thanks to strategic planning and excellent execution by a superb team across the organization, Twin Rivers has grown from primarily serving the commodities space to becoming an industry leader in technical specialties, lightweight packaging, and products within the label industry,” said Snyder. “With Ken transitioning to his new role as our CEO, I am confident that we will continue to grow and expand in the months and years to come.”

Twin Rivers first opened its doors in the early 1900s with only one dimension lumber mill in Plaster Rock, New Brunswick. In 2013, the company was purchased by Atlas Holdings and Blue Wolf Capital Partners. While several paper companies across Maine – and throughout the country – have struggled to meet new challenges and evolve, Twin Rivers continues not only to survive but thrive. Today, Twin Rivers employs over 1,000 associates, owning and operating six paper mills, two pulp mills, a sawmill, and a co-generation plant in the U.S. and Canada.

“Under Bob and Ken, with the support of an extraordinary team of leaders and associates, Twin Rivers has become one of North America’s most nimble, high-quality producers of innovative solutions for premium niche markets in the forest products sector,” said Tim Fazio, Managing Partner and Co-Founder of Atlas Holdings. “A typical Atlas-style investment, Twin Rivers has stayed true to its roots, focusing on product quality, workplace safety, strategic growth and community stewardship. We’re thrilled to congratulate both Bob and Ken as they transition to these new positions.”

“The transition of Ken to CEO and Bob to Chairman reflects the successful implementation of a long-term value creation plan put in place by the talented team at Twin Rivers,” said Adam Blumenthal, Managing Partner of Blue Wolf Capital Partners. “Bob and Ken have done terrific work together growing the business and we are grateful to have both on board as we write the next chapter of the Twin Rivers story.”
(Twin Rivers Paper Company)

Newsgrafik #122557

Mimaki to boost creativity in retail with brand-new Simple POP software  (Company news)

Addressing retailers, the new software enables easy design through templates and in-house production of a diverse range of advertising materials, helping enhance performance in sales.

Mimaki Europe, a leading manufacturer of inkjet printers and cutting systems, has announced the release of brand new design software, Simple POP, scheduled for April 2019. Addressing the retail market segment, Simple POP is designed to boost creativity in in-store decoration, enabling retailers to produce in-house, as well as to widen the range of Point-Of-Purchase (POP) displays as required, simply using templates.

There is an extensive variety of advertising materials that the retail industry uses, ranging from window signs, posters and POP ads, to seals and stickers, which are also strictly linked to seasonal events, time-limited sales, weather trends and daily bargains. This means that flexibility in producing in-house advertising materials is crucial to enhancing performance in sales. Proprietary software Simple POP directly addresses those requirements, enabling user-friendly processes based on the use of preset templates. The range of available templates includes various POP ads designed to be eye-catching and to properly convey key information (such as swing POP displays, price cards, posters, banners, etc.), in-store decorations for each season and event (such as wall stickers, window signs, magnet sheets, tapestries, etc.), as well as small articles (labels, seals, stickers, etc.).

For further benefits in terms of flexibility and quality, the templates come with pre-installed cut data which empowers printing and cutting automatically by using Simple POP combined with Mimaki series UCJV150 and UCJV300 of UV curable inkjet printers with cutting functions. Additionally, the UCJV300 series, equipped with white ink, perfectly fits the needs of catchy and highly decorative items as it allows reproduction of natural colours both on transparent and coloured media.

Key technological features of Simple POP:
-Preset templates tailored for specific applications enabling easy design
-Pre-installed print and cut data for POP and in-store decorations
-Automatic cutting improving work efficiency
-White ink on the UCJV300 series enabling print on transparent, coloured and metallic media

Simple POP offers a wide range of templates suited to different applications. Once a template is chosen, users can easily edit text, as well as edit, add, resize and modify images and graphic symbols. The easy design process is intuitive, even for those who have no experience in using design software. Furthermore, additional templates will be provided on the Mimaki website as free downloads.

Another key feature of Simple POP is templates that come with pre-installed cut data which enables retailers to perform print and cut operation in-house by combining the software with the Mimaki UCJV150 / UCJV300 series. Those printers are equipped with a cutting function that allows automatic production of displays with different shapes, which would take time and effort when manually cut.

The white ink with high hiding power available on the UCJV300 series is yet another added-value feature. Using the white ink as a base for colour prints on transparent, coloured and metallic media helps increase ink colour development and achieve beautiful and appealing prints.

“Brand-new Simple POP allows retailers to bring the production of ad materials in-house, avoiding outsourcing issues. It is designed to simplify the production of eye-catching and themed in-store decoration and to enable automatic printing and cutting when combined with the UCJV150 and the UCJV300 printers,” says Senior Marketing Manager for EMEA, Danna Drion. “Benefits for retailers include shortened production time, boosted flexibility in design and improved work efficiency.”
(Mimaki Europe B.V.)

Newsgrafik #122558

Rengo Wins Awards at Japan Package Design Awards 2019  (Company news)

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces it has won two awards and received two nominations for its products at the Japan Package Design Awards 2019.

Photo: Alcoholic Beverage: Bronze Award - Sapporo White Belg roll over stocker box (Sapporo Breweries Limited)

The Japan Package Design Awards is an event organized by Japan Package Design Association (JPDA), Japan's only organization related to packaging design. Once every two years, JPDA invites professionals in packaging design to take part in a competition which competes their works in design quality and creativity based on four assessment criteria from the perspectives of 1) spirit of taking on challenges; 2) ability to promote sales; 3) ease of understanding of the features of merchandise; and 4) product concept.

Using packaging to express value beyond that of the product itself-Rengo focuses on comprehensive proposals of creative designs and packaging centered on Rengo's Design and Marketing Center (DMC). With the receipt of these awards as encouragement, Rengo will continue to contribute toward the product development, sales promotion, and image improvement of customers through package manufacturing.
(Rengo Co Ltd)

Newsgrafik #122495

Digicut PLUS lasers booklets 'on-the-fly'   (Company news)

POLAR’s Digicut PLUS processes not only single sheets but entire booklets

Processing and individualizing middle-volume runs gains more and more relevance especially in digital printing.

The laser handles numerous ways of delicate and complex processing i. e. cutting, Kiss cutting, perforating, engraving and grooving – all in a single pass and without any tool change.

There are almost no limits to the design. The Digicut PLUS offers a wide range in creative processing. It enables precise cutting of the most intricate contours on a wide variety of materials far beyond the capabilities of any die-cutting machines.

With regards to materials it processes not only single sheets but entire booklets.

Thereby a production of one to thousands of copies is possible. In preparation of the Hunkeler Innovation Days 2019 in Lucerne, the theory was put to test together with Müller-Martini and booklets were successfully personalized.

The modular material feed and delivery can be adjusted to the customer’s requests. Standardized material feed via transport belt, can be complemented by an optional flat-pile feeder with its own drive Material delivery can be optionally performed by a Pick & Place System.
(POLAR-MOHR Maschinenvertriebsgesellschaft GmbH & Co. KG)

Newsgrafik #122522

Nazdar Ink Technologies announces new 735 Bridge Series inks for UV inkjet printers  (Company news)

Nazdar Ink Technologies has launched a new high-quality alternative UV inkjet ink for printing-bridge industrial presses, HP Scitex FB7500 and FB7600. The new Nazdar 735 Ink Series (photo) for UV inkjet printing has been designed specifically to enable the creation of durable graphics where colour fidelity, adhesion and finishing are of primary importance.

Formulated for use in multiple graphics applications, and with adhesion to a wide variety of both flexible and rigid substrates - including acrylics, fluted polypropylene, polystyrene, Dibond®, foam boards, expanded PVC and rigid and flexible vinyls - the Nazdar 735 Series delivers high impact, high intensity colours with an expanded colour gamut.

The 735 Series delivers long-term exterior performance, with proven resistance to the effects of UV degradation and colour fade, and also offers excellent resistance to edge chipping on rigid substrates that require trimming and finishing with a high-speed knife or CNC cutter.

Available in 5 litre containers, Nazdar 735 Series inks have been formulated in the following colours: Cyan, Magenta, Yellow and Black, plus Light Cyan, Light Magenta, White, Light Black and Orange.

On the introduction of the new inks, Josh Lutz, market segment manager for UV Digital at Nazdar, comments: "We've developed 735 Series as a cost-effective, alternative ink and have received excellent feedback from customers who allowed us to vigorously test our inks on their production equipment in the real world. Customer response has been that it is nearly impossible to spot the differences in ink performance between the OEM and Nazdar 735 Bridge Series."

According to Mr. Lutz: "Nazdar's state of the art production and development techniques enable us to create products with a wide range of features and benefits, including industry standard colours with expanded gamut options, increased printing and curing performance, and convenient packaging sizes. Even with all these benefits, our inks are up to 30% less expensive than the original equipment manufacturers' ink.

"Our customers should have peace of mind knowing that they are receiving OEM-quality inks and that we're here to support their ink needs."
(Nazdar Limited)

Newsgrafik #122524

DeLoach to Retire as Executive Chairman of Sonoco; Haley Named Chairman-elect ...   (Company news)

...of Board of Directors

Sonoco (NYSE: SON), one of the largest diversified global packaging companies, announced that Harris E. DeLoach Jr. (photo) will retire as a director and as Executive Chairman in April of 2019. As part of its succession planning, the Board of Directors has named John R. Haley, current Vice Chairman, to be Chairman-elect.

At retirement, DeLoach, 74, will have served as Chairman of Sonoco’s Board of Directors for 14 years, including Executive Chairman since 2013. He was first elected to the Board in 1998 and became Chief Executive Officer of the Company in 2000 and Chairman in 2005 before retiring from day-to-day leadership in 2013. In total, DeLoach has more than 33 years of senior management and board experience with Sonoco.

“There are few words to describe how fortunate Sonoco and the Board have been to have Harris as our Chairman for the past 14 years,” said James M. Micali, Sonoco’s Lead Independent Director. “In addition to his tenure in senior management of the Company, Harris has served with the Board to develop a stronger and more diverse team that has worked diligently to represent the best interests of shareholders, employees and the communities where Sonoco operates.”

Haley, 57, has served on the Sonoco Board since 2011 and is Chief Executive Officer of Gosiger, Inc., a privately owned distributor of computer-controlled machine tool and factory automation systems, based in Dayton, Ohio. Micali added, “John was the unanimous choice of the Board to become Chairman, based on his extensive executive management experience and the leadership he has provided to the Board over the past eight years, including chairing the financial policy committee. The Board has been planning succession for the past several years, including appointing John as Vice Chairman last year to work alongside Harris and be mentored by one of the top leaders of corporate governance.”

In addition to serving on the Sonoco Board of Directors, DeLoach is a Trustee of the Duke Endowment. He formerly served on the boards of Duke Energy, Milliken & Company, Goodrich and Progress Energy. He has also served on numerous non-profit boards and has received several business leadership honors, including Distinguished Alumnus Award from the University of South Carolina’s Moore School of Business in 1998; the University of South Carolina Distinguished Alumni Award in 2006; the 2008 Businessman of the Year by the South Carolina Chamber of Commerce; the Roger Milliken Defender of Manufacturing Award from the South Carolina Manufacturers Alliance in 2014; and the Order of the Palmetto from South Carolina Governor Nikki Haley in 2014.
(Sonoco Products Co)

Newsgrafik #122549

Nesquik launches All Natural cocoa powder in recyclable paper packaging  (Company news)

Nestlé has announced the launch of a new Nesquik All Natural powder. The new Nesquik features a simplified, natural ingredients list and comes in a recyclable paper pouch.

Nestlé is launching the new Nesquik All Natural in five European markets in the coming weeks: France, Germany, Italy, Portugal and Spain. It will sit alongside the existing Nesquik range, and will be rolled out to other European countries in the near future.

The Nesquik All Natural features simplified list of just five natural ingredients. It has more cocoa and therefore a richer cocoa taste than existing Nesquik products. Nesquik All Natural also has less sugar than the current classic product, and uses raw cane sugar instead of processed white sugar. The cocoa is responsibly sourced from West Africa under the Nestlé Cocoa Plan.

Michelle Alvarillo, Head of Cocoa and Malt Beverages at Nestlé, said: “We’re proud to be able to launch Nesquik All Natural as a new addition to the range, providing parents with an all-natural option with a simplified ingredients list, more cocoa and less sugar in a recyclable paper packaging. This is part of our commitment at Nestlé to offer more natural, sustainable and nutritious choices while maintaining the great taste that people know and love.”

The new pouch is made of a coated paper that is recyclable in the paper stream. The paper is from sustainable sources, certified by the Forest Stewardship Council (FSC). The pouches have been extensively tested to make sure they keep the Nesquik powder in perfect condition during transport and storage.

The launch of the new Nesquik comes less than two months after Nestlé’s commitment to accelerate action to tackle plastic waste. It is one of the first products to put that pledge into action, moving from recyclable plastic to recyclable paper packaging.

Yasser AbdulMalak, Head of the Dairy category for Europe, Middle East and North Africa, added: “The recyclable paper pouch is the first of its kind, one of our key initiatives towards providing more sustainable packaging across our product portfolio. Moving from plastic to paper is a big challenge, but an important step in designing the food packaging of the future. We have taken that step today to ensure we truly meet consumers’ demand for more natural and sustainable food.”

The new Nesquik All Natural is produced in Nestlé’s factory in Szerencs, Hungary, one of the company’s foremost factories for powdered drinks.

Plans are also well underway for further products in the Nesquik All Natural range across Europe, to be launched within the year. These include a zero sugar version.
(Nestlé S.A.)

Newsgrafik #122550


Schweitzer-Mauduit International, Inc. ("SWM" or the "Company") (NYSE: SWM) reported earnings results for the three month and full year periods ended December 31, 2018.

Fourth Quarter 2018 Financial Results Summary
-Total sales grew 6% to $248.7 million
-GAAP operating profit was $26.8 million, or 10.8% of sales, up 27%; adjusted operating profit was $32.2 million, or 12.9% of sales, up 6%
-GAAP earnings per share was $0.23, and included a $0.50 per share non-cash impairment related to the Company's RTL joint venture in China; Adjusted EPS was $0.90, up 41%

Full Year 2018 Financial Results Summary
-Total sales grew 6% to $1,041.3 million
-GAAP operating profit was $135.0 million, or 13.0% of sales, up 5%; adjusted operating profit was $157.4 million, or 15.1% of sales, down 2%
-GAAP earnings per share was $3.07; Adjusted EPS was $3.48, up 9%

Fourth Quarter and Full Year 2018 Business Highlights and 2019 Outlook
-Fourth quarter AMS segment sales increased 9% with transportation films and filtration products leading the portfolio
-Fourth quarter AMS GAAP and adjusted operating profit margin expanded 160 and 90 basis points, respectively, due to strong sales growth
-Fourth quarter EP segment sales increased 3%; positive price/mix performance more than offset lower volume
-Fourth quarter EP GAAP and adjusted operating profit margins contracted 70 and 330 basis points, respectively, due primarily to higher wood pulp costs
-Full year 2018 Adjusted EPS was $3.48; strong sales across the business and a lower tax rate offset raw material headwinds
-2019 Adjusted EPS guidance is $3.40 to $3.60, reflecting growth in AMS and modest pressure in EP

Dr. Jeff Kramer (photo), Chief Executive Officer, commented, "Strong fourth quarter earnings drove full year 2018 adjusted EPS above our guided range, a significant achievement in light of rapid increases in raw materials and other input costs. Solid sales growth and a favorable tax rate were key factors. In addition to crossing the $1 billion total sales milestone, we continued to advance several strategic growth priorities. In AMS, we completed the Austin site closure during the fourth quarter, a key component of the Conwed synergy plan. In addition, we launched our first international film line in Europe for our transportation business, and recently approved capacity expansions across our global footprint to support additional growth in filtration and transportation. Lastly, we completed initial customer qualifications on our new filtration paper, a synergy between our paper production capabilities in EP and our AMS commercial team. We believe this offering enhances our already strong filtration market presence with an expanded product suite. Within our paper segment, we managed our controllable costs and improved our sales mix by gaining share in cigarette papers, scaling back low-margin printing volumes, and driving growth in more attractive product categories."

"AMS finished 2018 with 6% organic sales growth, with double digit gains in filtration led by nearly 20% growth in our RO water business. We also delivered another year of solid momentum in transportation films, as well as accelerated sales growth in medical products. While segment margins were pressured by anticipated inefficiencies related to the final stage of our site consolidation and higher resin costs, we have completed the facility closure and raised product prices. EP performed well in 2018 in light of considerable pressure from higher wood pulp and energy costs. Segment sales increased nearly 5% with improved mix as well as stability in our cigarette paper volumes despite continued industry attrition."

Dr. Kramer concluded, "Our 2019 Adjusted EPS guidance of $3.40 to $3.60 reflects a combination of expected growth in AMS, modest pressure in EP, and increased investments in IT systems to support our growth activities. Our outlook is also moderated by uncertainties related to global trade risks and growth in Asia. Within AMS, we expect continued sales momentum, more normalized resin costs, and an improved cost structure to more than offset higher freight expenses and growth-related investments. For EP, our 2019 outlook incorporates continued tobacco industry attrition offset with our continued focus on share gains, product mix improvements, innovation, and cost reductions. Consistent with our earnings guidance, we believe our business is well-positioned to deliver another year of more than $100 million of free cash flow. This strong cash generation, coupled with our recent refinancing activities, provide ample liquidity for further organic expansion activities and potential strategic acquisitions to drive sustainable long-term growth."

Fourth Quarter 2018 Financial Results
Advanced Materials & Structures segment sales were $107.8 million, up 9%, with no acquisition benefit in the quarter. Double-digit growth in transportation due to high demand for paint protection films was the largest driver. Filtration sales, particularly for RO water applications, was also a key factor. GAAP operating profit was $10.0 million, up 32%. Adjusted operating profit was $15.4 million, up 16%, with margin expanding 90 basis points to 14.3%. Sales growth and reduced fixed costs from the Austin site closure more than offset certain temporary manufacturing inefficiencies associated with the transfer of volume to our remaining plants and higher resin costs.

Engineered Papers segment sales were $140.9 million, up 3%, with 8% positive price/mix more than offsetting a volume decline of 4% due to shifting away from certain lower margin non-tobacco paper volumes. This, coupled with growth across the cigarette papers portfolio were key factors in sales performance. Currency was a 1% headwind. GAAP operating profit was flat at $27.1 million. Adjusted operating profit was also $27.1 million, down 12%, with adjusted operating profit margin contracting by 330 basis points to 19.2%, due primarily to higher pulp costs, other inflationary pressures, and reduced manufacturing efficiencies as a result of lower volume. Favorable currency movements resulted in a $1.6 million benefit to operating profit due to primarily lower local currency costs at certain sites.

Unallocated GAAP and adjusted expenses were each $10.3 million, down 24%. Adjusted unallocated expenses were 4.1% of total sales, down 170 basis points, due primarily to lower professional service fees and lower deferred compensation, which decreased due to stock price volatility during the quarter.

Consolidated sales were $248.7 million, up 6% (no acquisition benefit). GAAP operating profit was $26.8 million, up 27%, and GAAP operating profit margin was 10.8%. Adjusted operating profit was $32.2 million, up 6% and adjusted operating profit margin was 12.9%, flat with the prior year period. Adjusted EBITDA was $41.8 million, up 3%, and adjusted EBITDA margin was 16.8%, down 40 basis points.

GAAP income was $7.2 million, versus a loss of $27.3 million; this equated to GAAP EPS of $0.23. Adjusted income was $27.1 million, up 39%; this equated to Adjusted EPS of $0.90. Interest expense was $8.1 million, up $1.2 million, reflecting higher effective interest rates as a result of the bond issuance during the third quarter of 2018 offset by lower debt balances. The Company reported a tax rate of 1.6% during the fourth quarter to reflect the Company's full year tax rate of 9.2% (additional details in full year results section below).

The Company's Chinese JVs generated a $0.35 loss for GAAP EPS due to a $0.50 per share non-cash impairment of the Company's stake in an RTL joint venture in China (one of the company's two JVs). The staged investment was made between 2011 and 2014, and while operations were profitable in 2018, this JV has performed below the original long-term financial projections due to market dynamics unique to the Chinese tobacco industry. Excluding the impairment, the Company's Chinese JVs generated $0.14 in Adjusted EPS, up from $0.07 in the prior year period.

Net currency movements had a 1% negative impact on sales but a $1.6 million positive impact on operating profits; the translation impact of net currency movements was negative $0.02 to both GAAP EPS and Adjusted EPS.

Full Year 2018 Financial Results
Advanced Materials & Structures segment sales were $467.9 million, up 8%, including the 3-week partial period benefit from the Conwed acquisition in early 2017. Pro forma (assuming SWM had owned Conwed for the full first quarter of 2017) organic growth was 6%. Strong sales increases in filtration, transportation films, and medical products were key drivers. GAAP operating profit was $49.5 million, up 2%. Adjusted operating profit was $71.7 million, down 5%, with margin contracting 220 basis points to 15.3%. Anticipated manufacturing inefficiencies related to the final stage of the Austin site closure and transition of volume to other sites and higher resin costs were the primary negative factors.

Engineered Papers segment sales were $573.4 million, up 4%, with favorable currency movements of 3%. Overall volume decreased 3%, driven by lower RTL and exiting certain low-margin non-tobacco papers, while cigarette papers were up slightly. Price and mix combined for a 5% sales increase (% changes of volume/price/mix/currency do not sum to sales growth due to rounding). GAAP operating profit was $121.8 million, up 2%. Adjusted operating profit was $122.0 million, down 2%, and adjusted operating profit margin declined 150 basis points to 21.3%. The decrease was primarily driven by higher pulp costs and other inflationary pressures. Favorable currency movements resulted in a $7.9 million benefit to operating profit due to higher average Euro rates compared to 2017 and lower local currency costs at certain sites.

Unallocated GAAP and adjusted expenses were each $36.3 million, down 9%. Adjusted unallocated expenses were 3.5% of total sales, down 60 basis points, due primarily to lower professional service fees and lower deferred compensation, which decreased due to stock price volatility at the end of 2018.

Consolidated sales were $1,041.3 million, up 6%, and 5% on an organic basis (assuming SWM had owned Conwed for the full first quarter of 2017). GAAP operating profit was $135.0 million, up 5%. Adjusted operating profit was $157.4 million, down 2%, and adjusted operating profit margin was 15.1%, down 130 basis points. Adjusted EBITDA was $196.9 million, down 1%, and adjusted EBITDA margin was 18.9%, down 130 basis points.

GAAP income was $94.8 million, up from $34.4 million; this equated to GAAP EPS of $3.07. Adjusted income was $107.2 million, up 10%; this equated to Adjusted EPS of $3.48. Interest expense was $28.2 million, up $1.3 million, reflecting higher effective interest rates as a result of the bond issuance during the third quarter of 2018, offset by lower debt balances. Other income was $10.0 million, up from $0.1 million, and included a $10.2 million gain from the revaluation of a contingent consideration liability related to the Conwed acquisition. The Company reported a full year tax rate of 9.2%, driven mainly by a $13.0 million favorable adjustment related to the 2017 Tax Act in the U.S.; adjusting for this and other favorable net one-time items of $0.6 million, the tax rate was 20.9%, down from 29.6%.

The Chinese JVs generated a $0.37 loss for GAAP EPS due to the $0.50 per share non-cash impairment. Excluding the impairment, the JVs contributed $0.12 to Adjusted EPS, up from $0.08 in the prior year period.

Net currency movements had a 2% positive impact on sales and a $9.0 million positive impact on operating profits; the translation impact of net currency movements was positive $0.04 to both GAAP EPS and Adjusted EPS.

Cash Flow, Debt, & Dividend
Full year 2018 cash provided by operating activities increased to $138.9 million, from $130.9 million. The Company's working capital-related cash outflows were $20.6 million, compared to $11.9 million in 2017, due mainly to higher receivables from sales growth. Capital spending and capitalized software totaled $29.7 million, down $11.0 million, due mainly to timing of capital projects. Free cash flow increased to $109.2 million, from $90.2 million, due to higher operating cash flow and lower capital spending. Year-to-date, the Company has paid dividends to stockholders totaling $53.2 million.

Total debt was $622.1 million on December 31, 2018, down $62.1 million from year end 2017; net debt was $528.3 million on December 31, 2018, down $49.0 million from year end 2017. At the end of the third quarter, the Company issued $350 million of senior unsecured notes and refinanced and extended its credit facility. Pursuant to the debt covenants, the Company's net debt to adjusted EBITDA was approximately 2.5x as of December 31, 2018, down from 3.0x at year-end 2017.

The Company announced a quarterly cash dividend per share to $0.44 per share. The dividend will be payable on March 22, 2019 to stockholders of record as of March 4, 2019.

2019 Financial Outlook
The Company issued 2019 Adjusted EPS guidance of $3.40 to $3.60. This equates to $2.83 to $3.03 of GAAP EPS based on estimates of $0.56 per share of non-cash purchase accounting expenses related to AMS segment acquisitions and $0.01 per share of restructuring expenses that are excluded from Adjusted EPS.

The Company expects 2019 capital expenditures and capitalized software spending of approximately $35 million to $40 million.
(Schweitzer-Mauduit International Inc.)

Newsgrafik #122552

Quickly and easily insert nicks - With the marbanick|2 from Marbach  (Company news)

With its marbanick|2 for paperboard tools, Marbach has brought a hand tool onto the market that convinces users with its flexibility and simplicity. Since its introduction in May 2018, Marbach has sold almost 200 of these hand-held devices.

Marketing Manager Tina Dost: "The marbanick|2 is very popular with our customers. It allows them to add waste nicks afterwards in order to optimally adapt the cutting-die to the local conditions. The positioning of the nicks is very quick, safe and controlled."

In addition, the marbanick|2 is characterized by its flexibility. It has three levels, so that three different nick thicknesses can be inserted with one device. Conventional systems available on the market are limited to a single nick size. Here different attachments or even three different devices would be necessary. Dost continues: "Our customers, who use the marbanick|2, only need one device with which they can flexibly insert nicks. This saves them time, space and money, and the purchase of the marbanick|2 is very inexpensive compared to the industry alternatives."

The marbanick|2 is available in a set with useful accessories such as a special attachment for the die-cutting machine and a second chisel.
(Karl Marbach GmbH & Co. KG)

Newsgrafik #122590

Valmet strengthens its wastewater automation business in Norway by signing a ...  (Company news)

... distributor agreement with Endress+Hauser

Valmet has extended the cooperation with Endress+Hauser by signing a distributor agreement for wastewater automation. Valmet's target is to strengthen and expand its wastewater business in Norway and help the wastewater industry to improve and optimize its processes.

According to the agreement, Valmet provides its advanced wastewater automation and measurement technology, while Endress+Hauser is responsible for sales, engineering and services in Norway. Valmet and Endress+Hauser already have similar agreements regarding wastewater business in Finland, Sweden, and Switzerland.

Beneficial collaboration with a strategic approach
Endress+Hauser has long experience of the business environment and wastewater industry in Norway. Together with Valmet's strong automation expertise and advanced technology, the companies can develop wastewater automation and measurement business forward.

"The cooperation helps to expand Valmet's wastewater business in Norway. Endress+Hauser AS has good knowledge about Norway's wastewater customers and business environment, and Valmet's wastewater products fit very well to the existing offering of Endress+Hauser," says Heli Karaila, Business Manager, Wastewater, Automation, Valmet.

"We wish to express our global and strategic approach into the water and wastewater industry, especially when it comes to sludge measurement and handling. In Norway, we have dedicated microwave specialists for this purpose, which is why we think it's natural and beneficial to join forces with Valmet in this specific industry. The products are fitting nicely into our product portfolio as complementary devices for sludge measurement and handling. We find the experience and the closeness of Valmet's competence hubs in Finland and in Sweden as a great advantage for both us and our customers," says Tore Sandvoll, CEO, Endress+Hauser AS Norway.
(Valmet Corporation)

Newsgrafik #122531

Iggesund Paperboard’s mills get top marks  (Company news)

Picture: Iggesund Mill is a model facility, which, together with its sister mill at Workington, England, has received top marks for its sustainability work

The Holmen Group’s paperboard manufacturer, Iggesund Paperboard, has received the highest rating for sustainability in an evaluation done this year by the rating firm EcoVadis. The paperboard is produced at Iggesund Mill in Sweden and at Workington, England. EcoVadis is the leading system for assessing and rating the suppliers of global companies and has done more than 45,000 evaluations in 150 countries. Companies using EcoVadis include Coca Cola, Johnson & Johnson, Nestlé, L’Oréal and Heineken.

“This is one of many confirmations that Iggesund Paperboard and its parent company, the Holmen Group, have a very strong sustainability programme,” comments Johan Granås, Sustainability Communications Manager at Iggesund. “The issues have shifted over time from being purely environmental ones to now encompassing the entire field of sustainability.”

Both Iggesund Mill and its sister mill at Workington have received the highest rating, the Gold Standard. They are both thereby among the top one percent of all the companies assessed by EcoVadis and are among the two top percent of the assessed companies in the paper industry.

Over the last ten-year period, the Holmen Group has appeared on indexes of the world’s 100 most sustainable companies, drawn up by both the UN’s Global Compact and the Corporate Knights. The Group has also been repeatedly named by the Carbon Disclosure Project (CDP) as a leader in the work against climate change.

“It’s becoming more and more important to be able to document your sustainability work so that customers know where we stand in this regard,” Granås adds. “That’s where EcoVadis and similar systems come in. They are a major advance in simplifying the exchange of information between customers and suppliers.”

At Iggesund Paperboard, sustainability issues have been a key focus for decades, and, for example, are always included in discussions about possible investments.

“It’s easy to point to business deals where our sustainability position was a decisive factor, and the importance of these issues will only increase in future,” says Granås.

First-class sustainability work is an important prerequisite for being able to do business with major brand owners, who today are often leading the shift towards a more sustainable society.

“We believe that our customers, the brand owners and we ourselves are all winners in this trend towards greater openness,” Granås emphasises. “And, of course, it’s very gratifying to see that we’re already ranked so highly today.”

Iggesund’s sustainability has yet another dimension: how its paperboard material is used. The types of paperboard made at the mill have a very low environmental impact, and if they are used to replace plastic packaging, the climate effects are even greater.

“When this type of material replacement is added to the equation, companies can achieve a dramatic reduction of their climate impact by using our material. These effects are not included in the EcoVadis assessments but they are also an important part of the battle against the greenhouse effect,” concludes Johan Granås.
(Iggesund Paperboard AB)

Newsgrafik #122538

AR Packaging launches first pressed board tray concept for MAP  (Company news)

AR Packaging is first on the market to present a gas tight pressed board tray packaging for chilled foods as a replacement of plastic trays. The Group’s combined expertise in barrier materials and pressed board tray production has enabled an efficient solution well suited for giving a shelf life of at least 18 days.

The increasing demand for sustainable packaging has led to an intensive search for a gas tight carton based trays. The solution now launched is based on well proven technologies and materials from CC Pack and Flextrus, both plants situated in Sweden.

“We have invested lots of effort to develop this new revolutionary packaging solution. The shape of the tray is optimised to ensure tight packs which gives a shelf life of at least 18 days,” says Åke Larsson, MD at CC Pack. “We thereby meet the needs for a wide range of chilled food products, such as fresh meat and chicken, processed meat, cheese and ready meals etc.”

The board trays are supplied together with a matching lidding material which provides a safe seal and a barrier adapted to the packed product’s needs.

The new gas tight board tray concept from AR Packaging is not only a more sustainable alternative to plastic trays with high proportion of renewable materials. It also supports product branding thanks to its attractive look and feel of paper. The cost efficient solution is the first pressed board tray packaging on the market and tests are already ongoing with several major chilled food producers in Europe.
(AR Packaging Group)

Newsgrafik #122540

Segezha Group has successfully completed ISO 50001 Energy Management System certification  (Company news)

According to the strategy of sustainable development in the field of energy efficiency, enterprises of the Paper and Package Division and the structure of Segezha Group management company (Sistema JSFC) in Petrozavodsk underwent a procedure of international certification and received ISO 50001 conformity certificates “Energy Management System” in February.

External certification audits of the management company and enterprises of the Paper and Package Division were held in the end of 2018 by TMS RUS LLC – a representative of TÜV SÜD Management Service GmbH, a global leader in field of management system certification.

During 2018 works on preparing for certification of TÜV SÜD were done by employees of Segezha PPM JSC, the management company, Sokolsk PPM PJSC, Segezha Packaging LLC in Karelia and a branch of the enterprise in Salsk (Rostov Region) in the framework of the integrated management system (IMS)* development program.

The project of implementation of ISO 50001 requirements at Segezha Group enterprises implied establishing the energy policy with certain objectives in the field of energy efficiency improvement and a baseline for energy, defining critical areas and understanding elements that have an impact on energy use, cyclic forecasting of energy consumption for a clearer picture of investment and improvement planning, analyzing energy consumption in the course of decision-making concerning designs and procurement of equipment, raw materials or services.

“Energy consumption is a key indicator for companies of the Group,” Elena Sofienko, Director for Methodology and Business Processes, commented. “Energy savings means reducing operation costs and lowering a level of emissions. For our energy-consuming enterprises, these are significant actions aimed at pursuing and enabling sustainable use of natural resources. Energy-consuming industries of the company can significantly improve their energy consumption types while conducting activities in the framework of the energy management system by optimizing energy consumption and increasing consumption of energy generated by renewable sources.”

In 2019, Segezha Group will continue its consistent work aimed at support and development of certified management systems in the framework of ISO 50001 and previously received international conformity certificates in field of quality, ecology, occupational health and safety.
(Segezha Pulp and Paper Mill JSC)

Newsgrafik #122541

WestRock Named One of 12 Winners of NextGen Cup Challenge  (Company news)

Company Recognized for Recyclable Cup for Hot and Cold Applications

WestRock (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, announced that its prototype of a recyclable fiber-based cup for hot and cold applications was named one of 12 winners of the NextGen Cup Challenge.

Sponsored by the NextGen Consortium, a multi-year partnership of foodservice industry leaders, the NextGen Cup Challenge was launched to identify solutions to reduce the waste generated by more than 250 billion fiber-based cups produced every year. More than 480 submissions from 53 countries and territories were submitted. Winners represent the most innovative solutions across three distinct categories: innovative cup liners, new materials and reusable cup service models.

WestRock was recognized in the innovative cup liner category for its circular cup, a recyclable and compostable paperboard solution for a hot or cold beverage cup. The cup is being designed to consistently hold hot and cold beverages under a variety of conditions while being easily recyclable, ideally back into paper mills as post consumer fiber where it can be made into new cups. The cup has also recently passed compostability testing with the Compost Manufacturing Alliance.

“The circular cup is an example of WestRock’s commitment to developing innovative solutions to improve the sustainability of our products, help our customers meet their sustainability goals and promote better stewardship of the environment,” said Bob Feeser, president of WestRock’s Consumer Packaging business. “We’re honored by this recognition and encouraged by the potential to advance the recovery of fiber cups globally with a truly recyclable cup.”

WestRock’s participation in the NextGen Cup Challenge represents the continuation of the Company’s effort to increase consumer access to, and recovery of, paper-based foodservice packaging, which also includes the acceptance of foodservice packaging at eight of its 100 percent recycled paperboard mills across the United States.
(WestRock Companies)

Newsgrafik #122542

Cascades Announces Results for the Fourth Quarter and Full Year 2018  (Company news)

Record Adjusted OIBD for the Year

Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period and the fiscal year ended December 31, 2018 .

Q4 2018 Highlights
-Sales of $1,196 million (compared to $1,175 million in Q3 2018 (+2%) and $1,082 million in Q4 2017 (+11%))
-As reported (including specific items)
---Operating loss of $33 million (compared to operating income of $78 million in Q3 2018 (-142%) and $45 million in Q4 2017 (-173%))
---OIBD 1 of $37 million (compared to $139 million in Q3 2018 (-73%) and $104 million in Q4 2017 (-64%))
---Net loss per share of $0.69 (compared to net earnings of $0.38 in Q3 2018 and net earnings of $0.60 in Q4 2017)
-Adjusted 2 (excluding specific items)
---Operating income of $43 million (compared to $76 million in Q3 2018 (-43%) and $46 million in Q4 2017 (-7%))
---OIBD of $113 million (compared to $137 million in Q3 2018 (-18%) and $105 million in Q4 2017 (+8%))
---Net earnings per share of $0.00 (compared to net earnings of $0.40 in Q3 2018 and net earnings of $0.14 in Q4 2017)
-Impairment charge of $75 million ( $0.60 per share net of income taxes) recorded on certain fixed assets in the Tissue Papers segment
-Business acquisitions completed in European Boxboard and Specialty Products segments

2018 Annual Highlights
-Sales of $4,649 million (compared to $4,321 million in 2017 (+8%))
-As reported (including specific items)
---Operating income of $230 million (compared to $175 million in 2017 (+31%))
---OIBD of $474 million (compared to $390 million in 2017 (+22%))
---Net earnings per share of $0.62 (compared to net earnings of $5.35 in 2017)
-Adjusted 2 (excluding specific items)
---Operating income of $245 million (compared to $178 million in 2017 (+38%))
---OIBD of $489 million (compared to $393 million in 2017 (+24%))
---Net earnings per share of $0.83 (compared to net earnings of $0.72 in 2017)
-Authorized credit facility increased to incorporate a US$175 million seven-year term loan with no additional assets required as security
-Net debt of $1,769 million as at December 31, 2018 (compared to $1,522 million as at December 31, 2017 ) and net debt to adjusted OIBD ratio 3 of 3.5x, down from 3.6x at year-end 2017.

Mr. Mario Plourde (photo), President and Chief Executive Officer, commented: "Before commenting on the results, I would like to highlight the fact that Cascades is delivering record annual performance in terms of adjusted OIBD and Health & Safety. I also would like to take this opportunity to thank all of our employees, customers, business partners and stakeholders for their ongoing contribution and support.

Containerboard Packaging results point to continued solid fundamentals in the fourth quarter, with sequential performance reflecting customary seasonal changes in sales mix and volumes in the last three months of the year, in addition to scheduled downtime for maintenance and to complete capital projects. European Boxboard, via our equity position in Reno de Medici S.p.A., generated good results during the period driven by a higher average selling price, lower raw material prices, and the acquisition of Barcelona Cartonboard SAU at the end of October. The Specialty Products segment generated lower results in the last three months of the year, reflecting a lower contribution from the recovery sub-segment.

As previously disclosed, fourth quarter performance of the Tissue operations were well below expectations. The results of this segment were negatively impacted by the continued challenging industry and operational conditions, in addition to several non-recurring events that led to higher logistics costs within the platform and higher gas costs for operations on the West Coast. Operational difficulties at the St. Helens tissue mill in Oregon also negatively affected performance during the last three months of the year, with these issues leading to inefficiencies at the Scappoose converting facility that it supplies. The Corporation reviewed the recoverable value of its assets and recorded an impairment charge of $75 million on certain U.S. assets. Management has developed an action plan that it is implementing to successfully redress profitability in this group.

On the strategic front, we completed several important investments during the fourth quarter. In late October, the European Boxboard segment finalized the acquisition of Barcelona Cartonboard SAU. Subsequently, in late November, we communicated details about an important investment in the Wagram, N.C. tissue converting facility as part of our capital expenditure plan. The project involves the installation of new state-of-the-art converting lines and the modernization of several existing lines, with commissioning expected to begin in the second quarter of 2019 and finalized in the first half of 2020. In early December, we announced the acquisition of U.S. moulded pulp assets, which will double production capacity of ecological packaging manufactured in moulded pulp in the Specialty Products segment and support the ongoing development of the Consumer Products sub-segment. Strategically, this acquisition improves our positioning in the fresh protein and food service packaging markets, and given that these products are recycled, recyclable, compostable and biodegradable, it is fully aligned with our circular economy market approach. Finally, the Company increased its authorized credit facility to incorporate a seven-year term loan at the end of December. The facility increases financial flexibility, reduces interest costs, and provides access to available funding over a longer timeframe."

Analysis of results for the three-month period ended December 31, 2018 (compared to the same period last year)
Sales of $1,196 million increased by $114 million, or 11%, compared to the same period last year. This was driven by a 13% increase in the Tissue segment reflecting volume improvements, and a more favourable sales mix, exchange rate and average selling price during the period. A 7% increase in the Containerboard Packaging group similarly benefited sales, and was driven by higher selling prices and the acquisition of converting facilities in Ontario at the end of 2017. Sales generated by the European Boxboard segment were up by 16% compared to the prior year, reflecting higher shipments, acquisitions in the last twelve months, and a more favourable Canadian dollar - euro exchange rate. Finally, fourth quarter sales in the Specialty Products segment improved 7% from prior year levels, as the benefits of the recent acquisition and slight improvements in selling price and sales mix were slightly offset by lower sales in recovery activities following the year-over-year decrease in brown recycled fibres prices.

The Corporation generated an operating income before depreciation and amortization (OIBD) of $37 million in the fourth quarter of 2018. This compared to the $104 million generated in the comparable period last year. In addition to the $75 million impairment charge recorded in the Tissue segment during the period, the variance reflects higher production costs in all segments, higher energy costs in European Boxboard and Tissue, slightly lower volume in both Containerboard and Boxboard Europe (excluding acquisitions), and a lower contribution from recovery operations within the Specialty Products segment related to changes in raw material pricing. These were offset by improvements generated from higher selling prices and more favourable sales mix in all business segments, and business acquisitions in the last twelve months. Operating income before depreciation and amortization similarly benefited from favourable raw material prices on a net basis, as the beneficial impact of lower OCC pricing on Containerboard results outweighed the significant consequence of higher year-over-year white recycled fibre and pulp pricing on Tissue segment results.

On an adjusted basis 1 , fourth quarter OIBD stood at $113 million , versus $105 million in the prior year.

The specific items, before income taxes, that impacted our fourth quarter 2018 OIBD were:
-a $75 million impairment charge related to revaluation of certain assets in our Tissue papers segment (OIBD and net loss)
-a $8 million foreign exchange loss on long-term debt and financial instruments (net loss)
-a $4 million unrealized loss on financial instruments (OIBD and net loss)
-a $3 million gain on other items (OIBD and net loss)

For the three-month period ended December 31, 2018 , the Corporation posted a net loss of $65 million , or $0.69 per share, compared to net earnings of $57 million , or $0.60 per share in the same period of 2017. On an adjusted basis 1 , the Corporation generated break even net earnings in the fourth quarter of 2018, or $0.00 per share, compared to net earnings of $13 million , or $0.14 per share, in the same period of 2017.

Near-Term and Strategic Outlook
Commenting short-term expectations, Mr. Plourde commented: "We expect stable near-term performance from the Containerboard segment, with lower raw material pricing providing some counterbalance to seasonally softer demand levels and a slight decrease in medium selling prices. Given the sound economic metrics in North America , our near-term outlook for this segment remains positive. The outlook for Tissue is not as robust in the near-term. While recent decreases in raw material pricing and the continued implementation of announced price increases in some product sub-segments are positive for this business, any resulting benefits are being counterbalanced by difficult industry-wide market dynamics and operational challenges at our St-Helens mill, in Oregon . As such, we expect financial performance will remain under pressure. Management is focused on the resolution of these issues and is currently implementing the actions required - in addition to the modernization efforts already underway - to successfully realign the tissue segment's operational performance with targeted profitability levels. In Europe , in addition to acquisitions completed in 2018, macro-economic and political factors support a moderately positive near term outlook. Specifically, demand softness is expected to be counterbalanced by favourable raw material pricing, expectations of slightly lower energy costs, and the implementation of price increases in virgin boxboard, offset by pricing pressure in the recycled boxboard business.

On a broader company-wide scale, focus is centered on implementing the 2019 investment program, currently estimated to be $330 million to $400 million contingent on economic conditions, optimizing operational performance across all segments, and completing analysis of the Bear Island containerboard project in Virginia . Cascades' longer-term goals remain grounded on maximizing the financial and strategic returns generated by capital allocation decisions, diligently managing balance sheet and leverage, and positioning business platforms for long term success and sustainable value creation."
(Cascades Inc.)

Newsgrafik #122519

Nilpeter Advances Support in Northeastern USA  (Company news)

Picture: Walt Mesik is taking over sales and partner support for Nilpeter in the Northeast region of the USA

Nilpeter is pleased to announce a restructuring of their partner support in the Northeast region of the United States.

Effective February 18, 2019, Walt Mesik has taken over sales and partner support of the region. Walt Mesik brings with him a wealth of knowledge and support to continue Nilpeter’s presence as the premier press manufacturer.

Vast Experience
Walt Mesik has over 25 years of narrow-web printing experience as a professional solutions provider. Over the past 18 years, Mesik has been the owner of Flexo Solutions, providing engineering and custom application support for converters across America. Walt Mesik also has a vast background in narrow-web press manufacturing and support, with tenures at Webtron, Aquaflex, and even as a past Nilpeter employee.

No Better Person for This Role
“There is no better person to step into his role than Walt Mesik. He will hit the ground running without hesitation. Nilpeter is very fortunate to have the depth of resources that continues to make our brand stronger. We know our partners will be in very good hands and are excited for Walt’s return to Nilpeter,” says Paul Teachout, Vice President of Sales & Marketing, Nilpeter USA Inc.
(Nilpeter A/S)

Newsgrafik #122521

TRESU consolidates corrugated initiative in France with appointment of Vernitech as agent  (Company news)

Picture: TRESU carbon fibre chamber doctor blades offer light weight and corrosion-resistance

TRESU announces the appointment of Vernitech, of Montpont-en-Bresse, to represent TRESU Ancillary’s products for the corrugated market in France.
Vernitech has many years’ experience of the corrugated industry along with expertise in flexo printing and coatings. The company will focus on TRESU’s ink supply systems and sealed chamber doctor blades as well as other TRESU ancillary products for corrugated and wide-width flexo applications.

“There are many corrugated converters in France and North Africa who can benefit from TRESU’s systems,” said David Michel-Moulu, managing director, Vernitech. “By cutting waste and building efficiencies with chamber doctor blades and advanced ink supply systems, companies can increase machine uptime, speed and print quality while reducing waste and saving time. The impact these improvements can make on competitiveness and profitability are enormous.”

Michel-Moulu also cites consistency of quality as a major benefit of such systems. TRESU’s chamber doctor blade systems can make a major difference to corrugated converters through efficient ink application and fast colour changes. With a choice of light-weight corrosion-resistant carbon fibre or ceramic construction, systems are designed for printing and coating applications, and are available in widths from 185mm to 6000mm (7.28in to 236.22in).

Of special interest to corrugated printers, the new TRESU MaxiPrint Concept chamber features an integrated cleaning nozzle with a robustly designed water-shot mechanism for fast, efficient cleaning of the chamber and the anilox roll and is available in widths up to 6000mm (236.22in).

For waste savings and efficiencies in ink management, the TRESU F10 iCon provides stable and controlled ink circulation and automatically adjusts flow, ink pressure and viscosity. Simultaneous ink changes on printing stations take minutes, and when an ink change is required, any ink left in the chamber is returned to the bucket for use on the next job.

As an engineer with a long career in the French paper and printing industries, Michel-Moulu offers consultancy and application support, giving a practical perspective to finding the right solution for customers.

“Apart from the time, waste and productivity benefits of its systems, TRESU’s four-decade long experience in flexo printing gives the company a unique expertise in the sort of engineering necessary for achieving consistent, high-quality print across wide web widths,” Michel-Moulu concludes.
(Tresu A/S)

Newsgrafik #122523

Gunilla Saltin leaving Södra  (Company news)

Gunilla Saltin (photo), President of Södra Cell, is leaving Södra for a new role as Technical Director at the packaging and paper company Mondi, based in Vienna.

“I would like to thank Gunilla for all of her years at Södra with many successes, excellent results and hard work and would also like to wish her the best of luck in her future endeavours,” said Lars Idermark, President and CEO of Södra.

“I have had a wonderful time at Södra Cell and would especially like to thank all the competent and dedicated employees for these successful and exciting years,” said Gunilla Saltin.

A recruitment process will begin immediately.

Magnus Björkman, President of Södra Cell International, has been appointed Interim Business Area President and will also, therefore, be a member of Group Senior Management.
(Södra Cell AB)

Newsgrafik #122528

Siegwerk UV/LED solutions provide outstanding deinkability on various paper grades  (Company news)

Based on fundamental investigations into the deinkability of UV/LED cured prints Siegwerk has developed an enhanced UV/LED offset ink system for coated and uncoated types of paper.

Siegwerk, one of the leading global providers of printing inks for packaging applications and labels, has joined forces with INGEDE member Stora Enso, a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper, to improve the deinkability of UV/LED cured prints. First results of this cooperation have already marked a significant milestone towards more sustainable UV printing solutions in terms of deinkability in the paper recycling process. Based on these investigations Siegwerk has developed a new UV/LED offset ink system with impressive deinking properties on various paper grades even comparable to the deinkability of conventional oil-based sheetfed offset inks.

In general, paper that is printed with UV/LED inks shows poor deinkability as these inks form a solid, chemically and mechanically resistant layer after curing comparable with adhesive plastic layers. In other words, UV/LED inks are strongly attached to the paper fiber and therefore very hard to remove during the recycling process resulting in big color spots in the recycled paper. It is important that the cured ink film is fragmented into hydrophobic particles as small as possible during recycling in order to become detached and more easily separated from the paper fiber. “Present standard UV/LED inks often lead to large hydrophilic particles leaving visible traces on the recycled paper. That’s why we have focused our research resources on finding enhanced solutions for this problem and improving the recycling of UV cured prints,” explains Thomas Glaser, Head of Technology Sheetfed at Siegwerk. As low-energy curing UV inks (iron-doped UV, LED-UV) are gaining more and more market share, the problem has reached new dimensions and has increased the need for further advancements of UV inks and the UV printing process.

Since 2017, the partners have already investigated the deinkablilty of different ink formulations developed by Siegwerk and have examined the different inks’ behavior with standard UV, LED-UV as well as iron-doped UV curing such as LE-UV, H-UV, HR-UV and LEC-UV. “Our goal has been to develop UV/LED solutions for all UV technologies that show good deinkability similar to traditional offset and gravure inks without any loss in ink performance and printability,” adds Glaser. The deinkability has been checked using the INGEDE method 11 (01/2018) and the EPRC scorecard, the officially-approved industry standards for deinking testing and evaluation.

Based on extensive investigations, Siegwerk has succeeded in developing an enhanced UV/LED offset ink system with good deinking properties on both high- and low-weight coated paper as well as on uncoated virgin fiber-based newsprint (iNP). Therefore, existing Siegwerk inks like the L-NRGY series have been refined for good deinkability. The research project has already proven the suitability of the new ink system for commercial printing. The new UV/LED offset ink system is free of reclassified photoinitiators 369, EDB, EHA and PBZ and offers very good printing stability, high gloss levels, excellent dot sharpness and great flow properties as well as fast curing and good mechanical strength. A full range of process, base and special colors of the new ink system is available now.

As one of the leading global providers for packaging inks, Siegwerk is always driving the development of eco-friendly inks. Assessing ways of enhancing the ecological footprint of the company’s inks with no loss of performance is one of its key research and development efforts. Improved deinkability is the first step to full recyclability of UV/LED cured prints strengthening the ecological benefits of the general UV/LED printing process. To share knowledge and further drive discussions around the use and disposal of UV/LED cured prints, Siegwerk plans a roadshow to inform customers about the requirements and challenges and to present the latest research results including the company’s enhanced UV/LED ink system.
(Siegwerk Druckfarben AG & Co. KGaA)

Newsgrafik #122545

Kimberly-Clark Investments in Jenks, Okla. Manufacturing Facility Moving Forward  (Company news)

Plans underway on a significant building expansion and purchasing of new equipment

Kimberly-Clark Corporation is making an investment of more than $120 million in its facility in Jenks, Oklahoma. The mill, located outside Tulsa, currently manufactures some of the company’s well-known Cottonelle® and Scott® bath tissue products, as well as Scott and Viva® towels. In addition, the facility also includes a regional distribution center.

This investment supports a project to expand the Jenks Facility by 270,000 square feet and install new assets for manufacturing Kleenex® folded tissue products and Scott® bath tissue. The multi-phased project is expected to be completed in 2020.

“We are excited to increase Jenks’ manufacturing capacity and set up our operations to better support Kimberly-Clark’s objectives to grow and remain a top competitor in the North American market,” said Kirk Linna, Jenks Plant Manager. “We are also thankful for the support of the state of Oklahoma and Jenks community along the way.”

With the addition of new manufacturing equipment and capacity, the facility expects to create more than 50 full-time jobs. The company plans to begin the hiring for these new roles in August and will post openings at

“It is businesses like Kimberly-Clark that will help us continue to move our state forward,” said Governor Kevin Stitt. “One of my administration’s priorities is to encourage businesses to invest in our state and ensure we are focused on how we can best grow Oklahoma together. I look forward to seeing the jobs created and positive impact that this expansion will have in the Jenks area and our state as a whole.”

"Kimberly-Clark’s Jenks facility is a prime example of the success manufacturers are capable of achieving in Oklahoma,” said Sean Kouplen, Secretary of Commerce and Workforce Development. “We are proud to see this facility continue to expand its production facility and increase job opportunities for Oklahomans."

Kimberly-Clark opened the Jenks Facility in 1990. The facility’s employees continue to support the Jenks and metro Tulsa area as active community partners through over 200 volunteer and charitable donation opportunities that includes more than $236,000 in donations to the United Way in 2018.

“Kimberly-Clark is a valued member of the Jenks community. Their investment, both in the facility and in their personnel, has helped to make Jenks the community it is today. We couldn’t be more excited about this expansion as it speaks to the strength of our city and of Kimberly-Clark,” said Jenks Mayor Dr. Josh Wedman.
(Kimberly-Clark Corp.)

Newsgrafik #122508

Glatfelter Announces Changes to Its Operating Model and Key Leadership  (Company news)

Glatfelter (NYSE: GLT), a leading global supplier of engineered materials, announced it is launching the next steps in its strategic transformation, that will migrate the Company from a business unit structure to a functional operating model.

“We have laid the foundation for reshaping our business through a number of actions in 2018, including the first shipment of commercial products from our new state-of-the-art airlaid facility in Fort Smith, Arkansas, acquiring Georgia-Pacific’s European nonwovens business in Steinfurt, Germany, and completing of the sale of the Specialty Papers business. We are now accelerating the next phase of our strategic transformation to leverage our core competencies in engineered materials for maximizing growth opportunities and value for our shareholders,” said Dante C. Parrini (photo), Chairman and Chief Executive Officer. “The initiative announced will target an organizational structure that is leaner and built for greater speed and efficiency. By migrating to a functional operating structure, we will create a more integrated and synergistic Company,” Mr. Parrini added.

As part of this effort, a team of individuals will be leading function-specific workstreams to fully identify the value and opportunities of moving to a functional operating model. Based on the work completed to date, the Company remains confident in its ability to achieve the previously-announced expected corporate cost savings of $14 million to $16 million by the end of 2019. Potential incremental savings and improving overall business performance will be the focus of the workstream groups. The Company expects to complete the work this summer and will provide details around total expected benefits and implementation costs at that time.

Given the planned migration to a functional model, Glatfelter also announced certain key leadership changes. Samuel L. Hillard, who currently serves as Vice President, Corporate Development & Strategy, has been named Senior Vice President, Chief Financial Officer, effective immediately. He succeeds John P. Jacunski, Executive Vice President and Chief Financial Officer, who is leaving the Company to pursue other opportunities. Mr. Hillard will continue to be responsible for corporate development and strategy in addition to serving as Chief Financial Officer. He will continue to report to Mr. Parrini.

Mr. Hillard joined Glatfelter in March 2016 as Vice President, Corporate Development & Strategy. Prior to joining Glatfelter, he served in Vice President roles within Corporate Development at Dover Corporation as well as SPX Corporation. Sam also previously worked for the Blackstone Group. Sam holds a Masters in Business Administration from Harvard Business School and a Bachelor of Business Administration in Finance from the University of Notre Dame.

Martin Rapp, Senior Vice President and Business Unit President of Composite Fibers, will be leaving the Company effective October 1, 2019. The responsibilities of Mr. Rapp’s current role will be redefined as part of the leadership structure associated with the functional model.

“I want to thank both Martin and John for their leadership and contributions to Glatfelter throughout their tenure, especially their work with the strategic activities involved in reshaping our business to date,” said Mr. Parrini. “Sam’s leadership in the transformation of the Company has been outstanding. His experience in driving the Company’s strategic outcomes in 2018 will serve him well in his expanded role as we migrate to the new operating model.”
(Glatfelter Corporate Headquarters)

Newsgrafik #122509

Baldwin Technology to showcase key innovations at ICE Europe  (Company news)

Baldwin Technology Company Inc. will present three innovative business segments, featuring pioneering new technology for converting and plastic film at ICE Europe 2019. Baldwin offers a broad range of market-leading innovations and expertise focused on enhanced print results and enhanced economic and environmental efficiency of print production processes. ICE Europe takes place in the Munich Trade fair Centre, and Baldwin will showcase its technology in booth 724, hall A6.

Technology on display will include automated cylinder Cleaning systems, Corona surface pretreatment systems, LED-UV curing and IR drying systems, Hot-air dryers, Rotor spray systems and technologies for Color management and Defect detection. The technology presented helps unlock potential in the process through increased productivity, reduced waste, safer working conditions and full control of securing flawless products.

“We are very proud to show the industry how Baldwin, through innovation and acquisitions, has created a strong product portfolio for optimization and automation of film extrusion, flexo and corrugated printing systems,” said Peter Hultberg, CCO of Baldwin Technology. “At ICE Europe, there is an opportunity to experience our impressive range of equipment from all of the Baldwin business segments in one booth – all optimizing the production systems. This truly shows the technological strength of partnering with the Baldwin.”

Baldwin offers highly efficient IR drying with ability to increase production speed by up to 30% and fully automatic cleaning systems for increased printing and extrusion process productivity and quality. The range of cleaning equipment is customized for optimal cleaning – whether in Flexo corrugated, Flexo CI, Plastic film extrusion or offset applications. Baldwin’s cleaning systems will save valuable production time and material costs while increasing the output quality, maximizing the return on investment and safekeeping the operators.

AMS Spectral UV provides world leading LED-UV and conventional UV curing technologies that instantly cure or dry inks and coatings as part of printing, converting and other industrial processes. The business segment is known for offering seamless wide-format solutions providing the highest curing intensities and most efficient operation available today.

Ahlbrandt Systems, the pioneer of high performing Corona surface pretreatment also delivers market leading innovative web processing systems, even and precise Rotor Spray coating technologies and Hot-air drying solutions, bringing high-end quality in print and plastic film processes.

BALDWIN Vision Systems designs the industry’s most advanced color management and inspection technology solutions for achieving print quality perfection. Automated workflows, increasingly complex requirements and exacting standards are met to dramatically reduce waste, enhance print quality and reduce customer rebates.
(Baldwin Technology Company Inc.)

Newsgrafik #122512

Production of first in-specification 99% Cyrene™  (Company news)

On Thursday the 17th of January the first in-specification 99% pure Cyrene™ was produced by the FC5 prototype plant. 165 kg of this product was packaged and shipped to customers in the USA on Friday. This marks a huge milestone for the FC5 project as the entire plant has now been successfully commissioned and operated end-to-end.

This has been a significant undertaking for the FC5 team who have shown great perseverance and grit to make the development of such a novel process and completely new product a success. The commissioning of the plant and production of the first in-specification product is a massive achievement.

The production of Cyrene™ is part of Norske Skog Australasia’s broader strategic vision of “Building Our Future from Fibre and Energy”. It’s a partnership with the Circa Group and involves new technology developed in Australia, targeting global markets for sustainable, safer and more environmentally friendly alternatives to existing solvents which have unacceptable environmental impacts.

For those unfamiliar with the FC5 process, it converts radiata pine sawdust, utilising reactions under pyrolysis conditions, to produce the “green” biosolvent Cyrene™. Each step is novel on an industrial scale for this product and has required significant knowledge to be developed in-house by the FC5 team, as well as specialist input and a very methodical approach. The pyrolysis reactors, primary distillation and secondary distillation have been operating consistently through much of 2018. Recent breakthroughs have been in the hydrogenation and Cyrene™ distillation operations where the final, high purity product is produced.

The focus for the FC5 team will now turn to running the plant more consistently and producing a steady stream of Cyrene™ for product testing in US and European markets, whilst improving throughput and quality and further developing our knowledge of the process.

The FC5 team would like to take this opportunity to thank Boyer Mill and the wider Norske Skog group for their assistance and support over the last 3 years as this plant was designed, built, commissioned and now operated.
(Norske Skog Australasia Ltd)

Newsgrafik #122513

Natura Life goes aseptic  (Company news)

Elopak has taken another step forward in sustainable packaging by introducing an aseptic Pure-Pak® carton with Natural Brown Board, Natura Life by Stora Enso.

The launch of the aseptic carton follows the first Pure-Pak® carton with Natural Brown Board for fresh products introduced a year before. The aseptic carton expands the use of natural brown board for packaging products outside the cold chain.

The development and testing of the aseptic Pure-Pak® cartons was completed in record time during 2018. The first cartons were launched with Zumosol in Spain, and a further three customers have already started supply. The aseptic packaging enables UHT milk products, ambient juices and drinks, plus developing categories such as plant based beverages (like soy, nut, or grain based), become more sustainable, authentic and naturally different.

Natural brown wood fibre is renewable material that gives an authentic look and visible fibre structure for the carton. It has one layer less than usual, resulting in a reduced carbon footprint and reduced weight that makes this carton a sustainable choice that meets the demands for ethical, ecological and organic products. The product is fully recyclable through the existing collection, sorting and recycling facilities, is FSC certified (license code FSC™ C081801), and Elopak has chosen to add Carbon Neutral certification as a standard for this product.

"The CO2 emissions of the packaging material are neutralised using selected, certified climate protection projects outside our value chain, enabling our customers to further increase the environmental benefits of their packaging", says Paul Sweeting, Director Strategic Marketing and Product Management at Elopak.
(Stora Enso Oyj)

Newsgrafik #122518

FSSC 22000 food safety certificates for Metsä Board’s Kyro, Äänekoski and Husum mills  (Company news)

Metsä Board, a leading European producer of premium paperboards and part of Metsä Group, is pleased to announce that the food safety procedures at its Kyro, Äänekoski and Husum mills have recently been certified according to the FSSC 22000 food safety standard. These certifications demonstrate that Metsä Board's mill organisations comprehensively ensure the safety of their products for demanding end-uses, such as direct contact with food.

The FSSC 22000 is a standard approved by the GFSI (Global Food Safety Initiative). It defines a comprehensive food safety system that meets the demands of both the company's customers and consumers. GFSI-approved standards enable the food industry to ensure food safety worldwide.

As the leading European producer of fresh fibre paperboard, Metsä Board wants to ensure that it operates according to the same standards as its customers in the food industry. All of Metsä Board's mills already have an ISO 22000 food safety system in place, and in addition to this, its Simpele mill had already introduced the FSSC 22000 system in 2017.

Marjatta Punkka, Product Safety Manager at Metsä Board, comments: "Consumers appreciate the benefits of traceable and renewable fresh fibre board, especially when it comes to direct food contact. At Metsä Board, we want to ensure that our paperboards are safe to use and that they meet the most stringent requirements now and in the future. The FSSC 22000 certifications are part of our continuous improvement practices and our strong commitment to food safety."
(Metsä Board Corporation)

Newsgrafik #122559

Emtec Electronic – big with News at Tissue World in Milan  (Company news)

The Tissue World Trade Show and Conference will take place in Milan, Italy from March 25th to 27th, and the German company emtec Electronic GmbH will attend and present their innovative testing instruments at booth no. F740.

Centerpiece of the booth will be the well-known TSA – Tissue Softness Analyzer, which is used to reliably evaluate the softness, smoothness and stiffness as well as the overall Hand Feel of tissue and nonwoven materials.

Recently, emtec has introduced a new test method, which enables the measurement of the influence of different fiber mixes (long and short fiber ratio) to the quality of the hand sheet. With a special hand sheet preparation procedure and a technical upgrade on the original TSA it is possible to predict the final product quality in the lab without expensive trials at the tissue machine.

Emtec would also like to announce that at the beginning of this year, the 300th TSA has been sold. The device is now used in 48 countries, in each part of the world.

Along with the TSA, emtec will display the CAS touch! and FPA touch! Both instruments help to get information about the efficiency of the chemicals, which are added to the pulp suspension during the tissue production. They are used to measure the interaction between additives and chemicals with the particles or fibers in the pulp in order to stabilize the process, to improve the product quality and to reduce costs.
(emtec Electronic GmbH)

Newsgrafik #122465

NOVOFLEX II Flexographic Press to Premiere at W&H Open House  (Company news)

Machinery manufacturer Windmöller & Hölscher is hosting “Experience the Future of Flexo” featuring the newest technological developments in flexographic printing at its renovated Printing Technology Center in Lengerich, Germany on March 27th & 28th. Highlighting the Open House will be the world premiere of the NOVOFLEX II flexographic press, which will demonstrate challenging jobs at top speeds.

The MIRAFLEX II product range, the market’s top selling flexographic press with more than 600 machines running worldwide, is being expanded with the introduction of a compact single port machine. Additional topics include: a new technology that delivers high performance press-ready plates in less than an hour presented by KODAK Flexcel Solutions as well as a direct comparison of the classic CMYK color separation to multi-color separation.

Rounding out the event, the Information and Diagnostics Center will introduce visitors to new services using data glasses.
“Shorter job lengths, demanding images, and consistently high-quality print done profitably – demands such as these from flexo printers are increasing. At ‘Experience the Future of Flexo’, W&H will present solutions for these challenges with new machinery, time saving processes and new technology,”
explained Markus Bauschulte, Technical Sales Director of the Printing and Finishing Unit at W&H.

Visitors to the Open House will experience the premiere of the NOVOFLEX II, the newest flexographic press from W&H. “The NOVOVLEX II should prove especially interesting for the premium printer. It provides maximum profitably supported by efficient performance, quick job changes and consistently exceptional print quality. The heart of the advancement made on the printing decks is the new doctor blade chamber technology. We believe that these and several other developments on the press will be attractive to our visitors,” added Bauschulte.

Live demonstrations of the two versions of the MIRAFLEX II will be given, one on the new compact single port version and the other on the established and easy-to-operate dual port version. “We’ll show how quickly jobs on such a high-tech press can be changed. Then we will compare the technical and economical aspects of classic CMYK color separation to multicolor separation,” said Bauschulte.

The Information and Diagnostic Center (IDZ) from W&H will introduce new remote services. “Today, more than 80% of all machine problems can be successfully resolved remotely. Using data glasses, we are able to create even closer interaction between IDZ, the machine operator and the machine itself. At the Open House, we’ll cover exactly how that works,” said Christian Brönstrup, Head of the IDZ Department.

Identical programs will be held on March 27th and 28th.
(Windmöller & Hölscher KG)

Newsgrafik #122489

Follmanns first appearance at Tissue World  (Company news)

Trade fair premiere for the printing ink experts for table decoration products

From 25 to 27 March 2019, Follmann will be presenting its water-based printing inks for table decoration products and its comprehensive services for the first time at Tissue World in Milan, the world's largest trade fair for the tissue industry. The company will be located in Hall 3, Stand C630.

Whether for napkins, tablecloths or placemats – Follmann’s brilliant water-based printing inks not only meet the regulatory requirements associated with short-term, direct food contact applications, but also meet the highest demands for high-quality printing results. Printing inks are winning over users worldwide thanks to their environmental compatibility (e.g. VOC-free), their brilliant colours, excellent adhesion and fast drying speed. Produced as a ready-to-print (one-component) ink system, the printing inks can be processed easily and safely. In addition, even at high printing speeds using chambered doctor blade systems, there is no foam formation and they meet primary aromatic amine requirements.

But Follmann not only scores with its premium products – its perfect service is just as impressive. “We offer our customers on-site analyses, colourimetry and process optimisation as required, and advise them on the implementation and financing of dosing systems,” explains Oliver Steinitz, Sales Manager at Follmann. “We also show them solutions for the reuse of residual inks and the potential savings which can be achieved by means of recycling.”

Tissue World is the ideal platform for Follmann to showcase its water-based inks to a broad, international audience of professionals, thus boosting its global growth. “We invite all trade fair visitors to come to our stand to find out more about our products and our services,” says Steinitz.
(Follmann GmbH & Co. KG)

Newsgrafik #122502

WestRock Announces Jeff Chalovich as Chief Commercial Officer; Pete Durette to Lead ...   (Company news)

... Container Business in Corrugated Packaging

WestRock Company (NYSE: WRK) announced that Jeff Chalovich (photo), president, Corrugated Packaging, has assumed the role of chief commercial officer in addition to his leadership role of the Company’s Corrugated Packaging segment.

As chief commercial officer, Chalovich leads the commercial excellence and enterprise solutions efforts across the Company.

“WestRock is unique in our ability to partner with our customers and provide solutions across our corrugated and consumer businesses and distribution offerings that solve their most critical marketplace challenges,” said Steve Voorhees, WestRock chief executive officer. “Jeff’s leadership of our overall commercial efforts will enhance WestRock’s ability to maximize the value of our differentiated portfolio for our customers and our stockholders.”

Pete Durette, executive vice president, has assumed the role of leading the Company’s corrugated container business within the Corrugated Packaging segment, reporting to Chalovich. Tom Stigers continues in his role as executive vice president of the containerboard mills.
(WestRock Companies)

Newsgrafik #122503

Saica Group has reached an agreement to acquire a new plant in Turkey  (Company news)

• Saica Group has signed an agreement with the group Norm Ambalaj to acquire a new plant in Turkey.
• Sakarya plant employs 159 people and has 75 million square meters capacity of corrugated board.
• The partnership between Norm Ambalaj and Saica will continue in the long term.

Saica Group has reached an agreement with the group Norm Ambalaj to acquire their plant in Sakarya, Turkey. This acquisition would provide an increase of 75 million square meters in Saica´s corrugated board capacity while increasing its product footprint and product range for the Turkish market. Saica and Norm Ambalaj will continue their collaboration following this partnership agreement.

With this agreement, Saica takes a step forward in its business growth strategy, allowing the group an improvement in its service capacity and an increase in its supply for its customers in Turkey. This deal is still subject to approval by the Turkish anti-trust authorities. Representing Saica, EY and Bener participated as financial and legal consultants respectively while PAE and 3SEAS joined as legal and financial consultants on behalf of Norm Ambalaj group, also in that order.

In 2014, Saica entered the Turkish market and since then, the group has made several investment projects to further develop its infrastructures and machinery in the country. The latest investment was the one made in a new corrugator machine in 2017.

“This operation is an opportunity to increase Saica´s value proposition of sustainable packaging solutions in the Turkish market. It will also optimize material and logistics costs for our customers while reducing Saica´s environmental impact”, said Pascal Giraud, General Manager, Saica Pack, a division of Saica Group.
(SAICA S.A. Industrias Celulosa Aragonesa)

Newsgrafik #122505

Cellwood Machinery AB to supply rebuild of PM1 Couch- and Press Pulper at Arctic Paper ...  (Company news)

...Kostrzyn Mill

The rebuild is a part of a capacity increase project and after the rebuild, these Pulpers will be able to handle 580 TPD.

Arctic Paper Kostrzyn S.A. is the largest manufacturer of offset papers in Poland and the second largest manufacturer of graphical papers.

Annually, Arctic Paper Group, deliver over 700,000 tonnes of premium graphic paper – for quality printing, reading and branding purposes – produced by more than 1,250 dedicated employees at three mills and distributed by 14 sales offices.

The delivery will take place in the summer of 2019.
(Cellwood Machinery AB)

Newsgrafik #122506

Ricoh delivers mono sheet fed production flexibility with Pro™ 8300 series  (Company news)

Print shops, Corporate Reprographics Departments (CRDs), commercial printers, offices and schools can now enjoy greater mono production flexibility and capability with the Ricoh Pro 8300 series of sheet fed presses.

The series replaces the Ricoh Pro™ 8200 mono platform. It comprises two higher speed production models that run at 111ppm and 136ppm, aimed at CRDs, print shops and commercial printers, and a smaller foot print 96ppm solution designed for offices, government environment and schools.

The fastest model delivers an increased monthly duty cycle (maximum monthly volume at rated speed) of four million, and features a new finisher capable of 30 sheet booklet production at 80gsm and a new cover interposer with air assist supporting coated media up to 350gsm. It also has dual shift trays with a 4500 sheet stack capacity to maximise productivity as well as trimming, and long sheet handling peripherals designed to support versatile green button production. The combination of these new options will expand application opportunities for books, brochures and manuals.

The more compact press incorporates a small finisher and a shift sort output tray ideally suited to production environments with limited space.

Both solutions use Ricoh VCSEL technology at 2400 x 4800dpi to deliver high quality print output. They also both feature a 17 inch touch screen colour panel for fast and easy set-up. The panel screen can be accessed on a tablet enabling remote operation. It also shows the EFI controller interface, eliminating the need for a dedicated display.

“This new versatile family enhances our mono sheet fed press portfolio and responsively meets the fast turnaround short run production demands shaping today’s print landscape,” says Eef de Ridder, Vice President of Commercial Printing, Commercial and Industrial Printing Group, Ricoh Europe. “Designed with the core elements of simple operation, ease of set-up and reliable streamlined workflow, they are tailored to deliver high quality results that perfectly meet the needs of these key market sectors.”

The Ricoh Pro 8300 series of presses will be available across Europe from March 2019.
(Ricoh Europe PLC)

Newsgrafik #122492

Cascades announces closure of two tissue paper machines located in the Greater Toronto Area  (Company news)

Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue products, announces the definitive closure of its tissue paper machines located in Whitby and Scarborough (photo) in Ontario.

The leases for these two plants expire on August 27, 2019 and will not be renewed. The end date of the production remains to be determined. In total, the sites produce 44,000 tonnes of tissue paper annually and employ 68 workers.

"Today, we are announcing the closure of two paper machines in Ontario. Their unprofitability and the current market conditions have convinced us that it is better to source externally to supply our needs. It is important to note that this decision will have no impact on our ability to serve our customers, "said Jean Jobin , President and Chief Operating Officer of Cascades Tissue Group.

Over the coming months, the company will try to relocate as many of its employees as possible to its other business units located in the region. Those employees who cannot or do not wish to be reassigned to the Company's other factories will be accompanied in their efforts to find new employment.

Cascades sincerely thanks its employees for their loyalty, dedication and commitment to an orderly closure of the Whitby and Scarborough operations, and will work with them to minimize the impact of these closures.
(Cacades Inc.)

Newsgrafik #122493

Arctic Paper S.A. appoints new Executive Vice President Sales  (Company news)

Fabian Langenskiöld has been appointed as new Executive Vice President Sales at Arctic Paper S.A. The appointment is a step in the continuing implementation of Arctic Paper’s new strategy and Fabian Langenskiöld took his position as of the March 1th. He will be replacing Michal Sawka whom after a mutual agreement will be leaving Arctic Paper.

Photo: Munken Cube

Michal Jarczyński, CEO: “On behalf of the entire company I want to express deep thanks towards Michal Sawka for his 23 years of engagement in Arctic Paper and wish him the best success in his future career. During his time as Executive Vice President Sales he has started to implement the new sales strategy for our paper business. We have mutual agreed that now it is time for a change in leadership as the company enters a new phase.”

Fabian has more than 25 years of experience within sales and management, most recently from a position as General Manager within the Umur Group and has previously held positions as Senior Vice President of Sales and Marketing at Stora Enso and General Manager at Chenming Europe.
(Arctic Paper S.A.)

Newsgrafik #122497

Bobst Group announces strong sales growth but lower results than in 2017  (Company news)

-Sales increased by 6.9% to CHF 1 635 million
-Operating result (EBIT) at CHF 87 million (CHF 119 million in 2017)
-Net result at CHF 50 million (CHF 107 million in 2017)
-Dividend of CHF 1.50 proposed (CHF 2.60 in 2017)
-Order entries and backlog at a similar level as in 2017

Bobst Group, a Swiss-based worldwide leading supplier of equipment and services to the packaging and label industries, achieved in 2018 a strong growth in the corrugated board, label and film business. The Group reached sales of CHF 1.635 billion in 2018, an increase of CHF 106 million, or +6.9% compared to 2017.
The Business Unit Web-fed transformation, the large investments in digitalization and the China strategy for growth reduced significantly the Group results in 2018. The operating result (EBIT) was CHF 87 million (CHF 119 million in 2017), while the net result was CHF 50 million (CHF 107 million in 2017). The return on capital employed (ROCE) decreased to 14.2% compared to 23.2% in 2017 and the shareholders’ equity ratio decreased to 33.4% from 35.6% in the previous year.

The Board of Directors proposes to the Annual General Meeting of Shareholders the payment of a dividend of CHF 1.50 per share (CHF 2.60 in 2017). In 2019, the Group expects to reach a similar sales level as in 2018. The operating result (EBIT) margin is expected to be in the range of 6% to 7% in 2019 and 2020.

Order entries and backlog
The Group started 2018 with a more than 20% higher machine backlog than the year before. 2018 order entries were at the same level as the year before, with a small increase in Business Unit Sheet-fed. Order entries compared to the previous year remained stable at a high level in Europe. The Americas and Africa increased by around 15%, and Asia decreased by slightly more than 10%. The Group finished the reporting year with a similar machine backlog than in 2017.

For the full year 2018, consolidated sales increased by CHF 106 million, or 6.9%, to CHF 1 635 million. Adjusted for currency effects and acquisitions, organic sales were up CHF 82 million, or 5.4%, in 2018. Two new local entities created in 2018 contributed CHF 4 million to the sales increase. Exchange rate variances increased sales by CHF 20 million.
Sales reached CHF 872 million in the second half of 2018, compared with CHF 763 million in the first six months of the year, and to CHF 885 million in the second semester of 2017.
Sales of sheet-fed products increased by 8.0% to CHF 805 million. This growth was once more driven by a very strong demand for products for the corrugated industry. The demand for products for the folding carton industry remained stable. Sales of web-fed products increased by 3.9%, reaching CHF 343 million for the year 2018. All product lines contributed to this growth, and the demand for special machines and complex lines remained at a low level. Sales of services and spare parts increased by 7.4%, to CHF 486 million.

The operating result (EBIT) was CHF 87 million, or 5.3% of sales compared to CHF 119 million, or 7.8% of sales in 2017. Based on the strong sales growth and a good overall market situation, the Group has accelerated measures to launch a range of digital printing products and strengthened its activities in Internet of Things (IoT). Quality upgrades on some products launched in recent years and additional transformation measures in the Business Unit Web-fed had a significant negative impact on the operating result (EBIT) of the reporting year.

Business Unit Web-fed was particularly impacted by the additional investments, and its operating result (EBIT) for the year 2018 showed a loss of CHF 37 million, compared to a loss of CHF 7 million in 2017. Business Unit Sheet-fed reached an operating profit (EBIT) of CHF 60 million, compared to CHF 64 million in 2017. Additional profit due to higher sales was more than offset by the investment in the new China 4.0 strategy implemented since March 2018. Business Unit Services further improved its profitability. Operating profit (EBIT) reached CHF 66 million, compared to CHF 63 million in previous year.

The net result reached CHF 50 million (CHF 107 million in 2017). The decrease came from lower operating result (EBIT), missing one-time favorable tax impact of CHF 15 million recognized in 2017 and due to losses, on which no deferred tax assets are recognized in 2018.

Balance sheet
The lower net result, and a disproportional temporary increase of the net working capital, resulted in a negative cash flow from operating activities of CHF 46 million, compared to the exceptionally high positive CHF 150 million in 2017. This had an impact on the cash ending in a net debt position of CHF 21 million at year end, compared to a net cash position of CHF 133 million in 2017. The return on capital employed (ROCE) decreased to 14.2% in the reporting year, compared to 23.2% in 2017, and the shareholders’ equity ratio decreased temporarily to 33.4%, from 35.6% in the previous year, due to the additional bond issued in September of the reporting year.

Dividend Proposal
The Board of Directors proposes to the Annual General Meeting of Shareholders the payment of a dividend of CHF 1.50 per share (CHF 2.60 in 2017). This proposal is in line with the Group’s dividend policy which recommends a payout ratio between 30-50% of the net consolidated profit after tax.

Group Organization
The Business Unit Web-fed faces various challenges linked to its strategy implementation, market penetration and profitability improvement, and the Group is therefore implementing executive changes in this Business Unit.
The Group Executive Committee is evolving. Erik Bothorel, in charge of the Business Unit Web-fed, left the Group Executive Committee at the end of 2018. Stephan März, in charge of the Business Unit Services, took on responsibility for the Business Unit Web-fed on January 1, 2019, while Julien Laran, in charge of Supply Chain and Operations within the Business Unit Services, was appointed Head of Business Unit Services as of January 1, 2019.

Outlook and strategy
The consumption level worldwide is still good, supporting the overall business environment. We expect that political tensions will remain, likely leading to a slow down of the economy. We prepare the Group to further seize opportunities, and for a potential economic down turn.

To support our strategic objectives we remain focused on the following priorities:
-As we increase our customer satisfaction, which we measure through the Net Promoter Score methodology (NPS), we aim to continuously develop and retain our technicians, while increasing spare parts’ availability worldwide thanks to our hub concept. We will keep improving the execution of quality deliveries of our machines and services;
-We will continue to expand and invest in China, South East Asia and the Middle East regions, adapting our offerings for machines and services to markets’ trends;
-The digitalization of our core processes is taking the Group to a higher level of efficiency, integration, and in the mid term, of performance improvement;
-The digital printing journey is well underway and we will offer to the textile and label sectors a comprehensive portofolio of products during 2019. This is the start of a new venture for Bobst Group and demonstrates its ability to reach new market segments.

Both machine business units enjoy promising order backlogs and the increasing number of field service technicians allows us to grow our service offering. Based on today’s evaluation of the overall business environment and prospects, the Group expects for 2019 to reach a similar sales level as in 2018. The operating result (EBIT) margin is expected to be in the range of 6% to 7% in 2019 and 2020. The long-term objectives, with an operating result (EBIT) margin of at least 8%, and a return on capital employed (ROCE) of at least 20%, are maintained. The sales objective is increased to CHF 1 700-1 800 million from previously CHF 1 600-1 700 million.

Annual General Meeting
The mandates of all the members of the Board of Directors become due for renewal for a one-year period. At the forthcoming Annual General Meeting of Shareholders on April 4, 2019 Alain Guttmann, Thierry de Kalbermatten, Jürgen Brandt, Gian-Luca Bona and Philip Mosimann will be proposed for re-election for a new period of one year. Patrice Bula will not be standing for re-election due to other commitments. We express our warmest thanks for his various contributions. The Board of Directors wishes to propose Alain Guttmann as Chairman. The Annual General Meeting will, besides the dividend proposal of CHF 1.50 per share in particular, further deal with the requests concerning the remuneration for the Board of Directors (AGM 2019-AGM 2020) and for the Group Executive Committee (fiscal year 2020).
(Bobst Mex SA)

Newsgrafik #122499

Order of SEK 15 million to CleanFlow - Will deliver a unique filtration technology to a Spanish ...  (Company news)

... pulp mill

CleanFlow AB, Forshaga, Sweden has signed an agreement for the delivery of a new greenliquor filtration system to a leading pulp mill in Spain. The factory in Pontevedra belongs to the forest industry group ENCE Energia Y Cellulose S.A. and produces more than 450 000 tons of eucalyptus pulp per year.

With the patented CleanFlow technology, this means that the green liquor in the pulping process becomes particle free and the amount of contaminants in the process is significantly reduced. This improves operation in the factoryandincreasesproductioncapacity at the same time asboth environmental and energy savings are achieved.

The capacity of the new CleanFlow system has been dimensioned to fit the mill’s ongoing production capacity increase. Thanks to building the CleanFlow system in modules it can be easily expanded and thus adapted also to future capacity increases.

The plant is designed, manufactured and completed with instrumentation and drive equipment in spring 2019. Testing is done at the CleanFlow facility in Forshaga, before delivery for tie-in and commissioning in the factoryduring the summer.

”We are very pleased that CleanFlow’s solutions for high-quality pulp production continue to be implemented around the world. This project represents another major step for CleanFlow.”Lennart Källén, VD CleanFlow AB
(CleanFlow AB)

Newsgrafik #122501

Pöyry PLC: ÅF and Pöyry are now combined - new group structure and management team for ...  (Company news)

... the combined company

Combination of ÅF AB (publ) ("ÅF") and Pöyry PLC ("Pöyry) was completed on 21 February 2019 and the integration of the companies has now commenced. Today, ÅF has announced that the new group structure for the combined company has been established and the new Group Management for the combined company has been appointed. ÅF Pöyry is also preparing to launch a united brand and a joint client offering during 2019.

The combined company will operate in five new divisions: Infrastructure, Industrial & Digital Solutions, Process Industries, Energy and Management Consulting.

As announced by ÅF, the new Group Management for the combined company consists of people from both companies and includes Martin à Porta, Nicholas Oksanen and Richard Pinnock from Pöyry's current Group Executive Committee.

According to ÅF's release, the new Group Management for the combined company includes the following members:
Jonas Gustavsson, CEO and President
Stefan Johansson, CFO
Emma Claesson, EVP and Head of HR
Nyamko Sabuni, EVP and Head of Sustainability
Cathrine Sandegren, EVP and Head of Communications and Brand
Malin Frenning, EVP and Head of Division Infrastructure
Robert Larsson, EVP and Head of Division Industrial & Digital Solutions
Nicholas Oksanen, EVP and Head of Division Process Industries
Richard Pinnock, EVP and Head of Division Energy
Martin à Porta, EVP and Head of Division Management Consulting

According to ÅF's release, all members of the Group Management of the combined company will report to ÅF's President and CEO Jonas Gustavsson.

Pöyry's President and CEO and Group Executive Committee continue in their offices in Pöyry PLC until the delisting of Pöyry shares from Nasdaq Helsinki Ltd stock exchange.
(Pöyry Plc)

Last database update: 15.03.2019 15:23 © 2004-2019, Birkner GmbH & Co. KG