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Newsgrafik #121684

Smurfit Kappa's Van Mierlo Plant Celebrates Centenary  (Company news)

Smurfit Kappa’s Van Mierlo plant in Belgium is celebrating its 100th anniversary. The plant, which was founded by entrepreneur Jan Van Mierlo back in 1918, quickly established itself as a leading supplier of corrugated board in Belgium and then extended its reach throughout Europe.

The Van Mierlo plant produces corrugated board and folding carton used for consumer and gift packaging. The products are printed in offset to a high specification using specialised finishing effects like UV, metallic or soft touch to make the brands come alive on the shelf.

Smurfit Kappa’s paper-based packaging is the packaging of choice for many brands that seek a more sustainable, high quality alternative to plastic and is used widely in both the eCommerce and retail sectors.

CEO of Smurfit Kappa Corrugated Benelux, Erik Bunge, said: "The Van Mierlo plant has been an integral part of the local community for a century so we are delighted to celebrate this anniversary. With the combination of our experience, expertise and talented employees we look to the future with confidence.”

The plant celebrated its 100th anniversary with all its employees in September and will have an event with local authorities, the former Van Mierlo family and many retired employees on November 15th - the date on which the plant was founded.

The Van Mierlo plant employs 160 employees and is part of Smurfit Kappa’s network of corrugated plants in the Benelux region.
(Smurfit Kappa Van Mierlo N.V.)

Newsgrafik #121686

Värö's ECF pulp gets blue stamp of approval  (Company news)

We’re delighted to announce that Värö’s ECF pulps have been approved for Blue-Label use.

The Blue Label is an international allergy label founded in Denmark in the 1980s by the patient association Asthma-Allergy Denmark (AAD) which works towards making everyday life easier for people with allergies, hay fever, asthma and eczema.

Eva Thuresson, Södra Cell’s Sustainability Information Manager: “Our pulps were suitable for use in Blue-Label accredited products before, but by gaining the certification ourselves, we save our customers an extra step in their own process – if they are seeking a Blue Label certificate, they know Värö’s ECF is already certified and will not require further testing by AAD. It’s all about trying to make life a little easier for our customers.”
(Södra Cell AB)

Newsgrafik #121688

Huhtamaki invests to grow its fiber packaging business in Russia and the Nordics  (Company news)

Huhtamaki is investing app. EUR 7 million in its fiber packaging operations in Russia to facilitate further growth. In addition to the fast-growing Russian market the operations in Ivanteevka, near Moscow, serve the neighboring countries of Belarus and Kazakhstan, as well as the Nordic market.

With the investment Huhtamaki expands and modernizes the range of egg packaging manufactured in Ivanteevka to even better match the expectations of its customers in Russia and in the Nordic markets. The additional capacity also allows Huhtamaki to continue to support the ongoing transfer from plastic egg packaging to more sustainable fiber packaging in Eastern Russia.

The investment includes a state-of the art molded fiber packaging manufacturing line as well as modernization of an existing line in the Ivanteevka unit. In addition, the water management system of the facility is updated as part of Huhtamaki's continuous efforts to minimize the environmental footprint of its manufacturing operations. The new line is expected to be operational during the fourth quarter in 2019.

"We are proud to continue developing Huhtamaki Fiber Packaging together with our partners in Russia and the Nordics. Product range, quality and innovation are our highest priorities in serving our customers and meeting their growth expectations," says Gala Mansurova, General Manager Fiber Packaging Russia.
(Huhtamäki Oyj)

Newsgrafik #121690

Mayr-Melnhof Group: Results for the first three quarters of 2018  (Company news)

-Further profit increase
-High capacity utilization
-Significant growth in results at MM Karton
-Higher costs weigh on margin at MM Packaging
-Slowing demand dynamics
-Growth course with acquisition of TANN Group continued

The Mayr-Melnhof Group was able to carry on the improved profitability level of the earlier part of the year with a good third quarter and hence to conclude after three quarters above the previous year. Both divisions reported ongoing high capacity utilization despite increasingly slowing market dynamics.

Supported by a profit increase in the cartonboard division, particularly due to better prices, the Group’s operating profit came in more than 8 % above the comparative period of the previous year. The packaging division continued to grow, however, a strong rise in input costs, especially for cartonboard, put considerable pressure on margins. Price increases aiming to pass on costs are difficult to impose, or only possible with delay. For the fourth quarter, maintaining the high level of profit remains a challenge.

In October, MM Packaging announced a significant growth step with the acquisition of the TANN Group. TANN prints on and finishes externally sourced fine paper to produce cigarette filter paper (tipping paper) and is the global market leader in this area technologically closely related to MM Packaging. The aim is to expand the value chain and strengthen the profitability of MM Packaging as well as to generate further growth. The acquisition is subject to the approval of the antitrust authorities. The transaction is expected to be closed at the beginning of 2019.

In the first nine months of 2018, the consolidated sales of the Group totaled EUR 1,763.1 million and were thus slightly above the previous year’s value (1-3Q 2017: EUR 1,749.1 million). Both divisions contributed to this.

At EUR 172.3 million, operating profit was 8.4 % or EUR 13.4 million above the comparative value of the previous year (1-3Q 2017: EUR 158.9 million). A significant profit increase at the cartonboard division contrasted with a decrease at the packaging division. The Group's operating margin thus climbed to 9.8 % (1-3Q 2017: 9.1 %).

Financial income totaling EUR 1.0 million (1-3Q 2017: EUR 1.6 million) was offset by financial expenses of EUR -4.7 million (1-3Q 2017: EUR -4.5 million). “Other financial result − net”
amounted to EUR 0.4 million (1-3Q 2017: EUR -4.1 million) after a one-off expenditure due to an accumulated currency translation of EUR 2.3 million was reported in the previous year
following the deconsolidation of the Tunisian packaging companies.

Profit before tax at EUR 169.0 million was 11.3 % above the comparative figure of the previous year (1-3Q 2017: EUR 151.9 million). Income tax expense totaled EUR 42.6 million (1-3Q 2017: EUR 38.6 million), resulting in an effective Group tax rate of 25.2 % (1-3Q 2017: 25.4 %).

Profit for the period rose accordingly by 11.6 % to EUR 126.4 million (1-3Q 2017: EUR 113.3 million).

As a result of a well-stocked supply chain, demand in our markets and therefore also incoming orders are currently showing an increasingly slower pattern. Accordingly, competitive pressure has again intensified. On the fiber markets prices for mixed recovered paper grades have bottomed out. Furthermore, the price hike in pulp and mechanical pulp prices requires a price increase for virgin fiber-based board. Discipline in price and product policy as well as further rationalization are directed on securing the Group’s profit quality. Nevertheless, maintaining the high profit level of the previous quarters remains a challenge for the fourth quarter.

Development in the Divisions
MM Karton
The positive momentum on the cartonboard markets up to the middle of this year is being increasingly followed by a normalization in the demand dynamics. Accordingly, the market
situation stays characterized by intense competition.

As a result of high capacity utilization, better prices, and a favorable product portfolio, MM Karton achieved a significant profit increase during the first three quarters compared to the previous year. The focus stayed consequently on a disciplined price policy while asserting market shares as well as on a growing proportion of new products with higher added value.

At 82,000 tons the average order backlog was at previous year’s level (1-3Q 2017: 82,000 tons). Both cartonboard production as well as sales, at 1,271,000 tons and 1,260,000 tons respectively, were close to the comparative figures of the previous year (1-3Q 2017: 1,269,000 tons and 1,266,000 tons respectively). With a sales share of approximately 82 % to Europe and 18 % to markets outside of Europe, slightly more was sold to European markets (1-3Q 2017: 80 % and 20 % respectively). At around 99 % (1-3Q 2017: 98 %), capacities were again almost fully utilized.

On the fiber markets the decline in prices for mixed recovered paper was followed by a slight increase from the middle of the year. In contrast, products based on virgin fibers were subject to a continuing strong upward trend in prices.

Sales increased price-related to EUR 799.9 million (1-3Q 2017: EUR 788.9 million). As a result, and also owing to lower direct costs, the operating profit at EUR 79.9 million was significantly above the comparative period (1-3Q 2017: EUR 54.6 million), thus leading to an operating margin of 10.0 % (1-3Q 2017: 6.9 %).

MM Packaging
Also on the European folding carton markets demand dynamics slowed from the beginning of the third quarter. Due to a well-stocked supply chain planning is now more restrained.
Therefore, and also owing to sufficient production capacities in the industry, the competitive situation is still characterized by high intensity.

Due to a good order backlog, the MM Packaging plants reported an overall high capacity utilization during the first three quarters. Through specialization in the requirements of
various consumer goods sectors and the broad geographical presence, MM Packaging was able to grow further in volume and sales.

However, margins came clearly under pressure owing to cartonboard price increases and further cost rises, especially for transport and logistics, since passing on costs through
higher selling prices is difficult to be realized or only possible with delay. With targeted costsaving programs and increased volumes it was nevertheless possible to cushion the impact
on the result. In the third quarter profitability benefited in particular from a higher value in the product mix.

Tonnage processed went up over the first three quarters of 2018 by 2.6 % from 569,000 tons to 584,000 tons, the sheet equivalent by 1.4 % to 1,730.8 million (1-3Q 2017: 1,707.0 million).

At EUR 1,045.3 million, sales were 0.8 % above the comparative value of the previous year (1-3Q 2017: EUR 1,036.8 million), mainly due to volumes. The decline in the operating profit by 11.4 % to EUR 92.4 million (1-3Q 2017: EUR 104.3 million) largely resulted from the sharp rise in direct costs. Accordingly, the operating margin was 8.8 % (1-3Q 2017: 10.1 %).
(Mayr-Melnhof Karton Gesellschaft m.b.H.)

Newsgrafik #121723

Feldmuehle files for insolvency under self-administration  (Company news)

Feldmuehle GmbH, which in the spring of 2018, took over the business operations of Feldmuehle Uetersen GmbH through acquisition of all substantial assets, has been adversely and unforeseeably affected this current year by unexpected increased energy costs and procurement prices for raw materials. During the current year, management has implemented extensive measures to increase operating profitability. Despite these efforts, the latently rising variable costs could not be offset by implemented price increases, partly due to the company's lower-than-expected revenues in September and October 2018.

Considering these circumstances, the management has decided to carry out the necessary reorganization/restructuring of the company within the framework of insolvency proceedings under its own administration and, on November 19, 2018, filed for an application with the competent local court in Pinneberg to open insolvency proceedings under its own administration pursuant to Sections 270, 270 a para. 1 InsO (German Insolvency Act).

Following the management's application, the Pinneberg Local Court ordered the provisional self-administration on the same day. Dr. Dietmar Penzlin of Schmidt-Jortzig Petersen Penzlin Insolvenzverwaltung Partnerschaft von Rechtsanwälten mbB, Hamburg, was appointed as provisional administrator. The provisional administrator shall examine the economic situation and supervise the management. However, the company's management retains power of disposition.

Restructuring within the framework of self-administration gives the company's management the opportunity to undertake and respectively implement all necessary measures to improve profitability and thus to take measures towards the company's sustainable competitiveness.

At the same time, an application to the Pinneberg Local Court has been filed that future deliveries and ervices ordered by Feldmuehle GmbH shall be paid as mass liabilities. Business operations will be continued.
(Feldmuehle GmbH)

Newsgrafik #121676

Esko takes 'Packaging Connected' to All4Pack  (Company news)

Esko ( will showcase its innovative packaging software solutions for brand owners, trade shops and converters, as well as a Kongsberg C24 cutting table (1680x3200) at All4Pack, Paris, November 26 to 29, Hall 6 Stand L141.

Photo: Studio Store Visualizer

Esko will show visitors how streamlining and connecting the end-to-end production delivers tangible business benefits, resulting in faster throughput, higher quality, and ‘Right First Time’ production.

Eddy Fadel, VP Sales EMEA of Esko, explains: “Visitors to All4Pack will see how Esko’s solutions are connecting job specifications, order information, approval cycles, CAD and graphic data, as well as requirements for manufacturing and logistics in one integrated workflow, making the process from order to completion far more efficient and cost effective.”

Design Solutions
A virtual reality setup on the booth will allow brands and their suppliers to discover hyper-realistic 3D packshots and entire store environments enabled by Studio Store Visualizer and that can be used for proofing, marketing and e-commerce purposes. These environments are stocked with packaging developed using Esko’s packaging design solutions, ArtiosCAD for structural design and Studio for 3D packaging design.

Prepress Workflow Stars
Live demonstrations of the latest business enhancing developments of Esko’s Software platform:
-Esko’s “QuickStart” solutions of Automation Engine and WebCenter are quick to deploy workflows for packaging and sign applications to be used by brands and packaging suppliers. Automation Engine automates repetitive prepress tasks from one-up artwork to the print-ready data. WebCenter includes program, artwork and asset management tools for quick and easy project handling and approvals. Both Automation Engine and WebCenter connect with ERP/MIS systems.
-ArtPro+ is the next generation native PDF editor that reshapes packaging prepress editing into an intuitive QA tool with fewer clicks. Within the editor routine, functions can be automated to speed up production. Novel features like the powerful Packaging Preflight functionality within ArtPro+, as well as the new DeskPack Text Recognition plug-in will be demonstrated.
-The easy-to-use Print Control Wizard software further simplifies the platemaking department. It takes the complexity out of flexo platemaking by going beyond excellent screening to output the right plate fit for purpose based on a range of print run parameters. The plates produced through Print Control Wizard deliver superior print quality; they use screen and dot gain curves that take into consideration the press, substrates, inks, anilox and other print run parameters.

Digital Finishing
Demonstrating high quality finishing capabilities will be Esko’s Kongsberg C24 cutting table. It delivers value, durability, reliability, precision and ease of use at an attractive investment level. It features a lightweight carbon composite traverse to consistently provide the fastest throughput.

Fadel adds: “We are excited to show new and existing customers how our continuously evolving suite of solutions combines to deliver a connected offering that streamlines every production step and ensures consistency, accuracy and reliability. We will share ways to add value and support operations as they address key market demands efficiently and effectively.”
(Esko Belgium)

Newsgrafik #121678

Kemira increases prices of water treatment chemicals  (Company news)

Kemira, a global chemicals company, announces price increases for all polymers, inorganic coagulants and other products in North and South Americas Industry & Water segment, serving water treatment customers as well as the oil and gas industry.

The price increases will vary by product line and may be significantly higher for specific product families or geographical areas.

New prices will be effective for all deliveries of the products listed below from December 1st, 2018 or as contract terms allow.

These price increases are necessary as the prices for the main raw materials for polymers, inorganic coagulants and other products have all continued to increase during 2018 and are expected to further increase in 2019. Together with a tight supply situation for many raw materials and strong demand in the respective downstream markets there is a continuing upward pressure on prices.

Kemira continues to be committed as a long-standing, reliable supplier of high quality products to its customers.
(Kemira, Paper Segment)

Newsgrafik #121679

AF&PA Welcomes Modernized EPA Guidance on Ambient Air Policy  (Company news)

American Forest & Paper Association President and CEO Donna Harman issued the following statement regarding Environmental Protection Agency (EPA) guidance to modernize ambient air policy under the National Ambient Air Quality Standard (NAAQS) program. EPA released a draft memo with the updated guidelines for receptor placement on 11/9/18.

“Applying decades-old ambient air policy under the NAAQS implementation program, represents an unrealistic ‘once-size-fits-all’ modeling approach. Paper and wood products manufacturers welcome EPA’s recognition that times and technology have changed by taking action to modernize ambient air policy.

“By clarifying where the public is truly exposed, EPA eliminates many hypothetical modeling scenarios that can bog down projects unnecessarily. For example, assessments have been done for areas inside property boundaries where the public does not have legal access. Using receptor locations where the general public has legitimate and realistic access makes scientific and common sense. This action takes a long-overdue first step toward ensuring real-world air quality modeling is used to determine any air quality impacts from a project.”
(AF&PA American Forest and Paper Association)

Newsgrafik #121681

Heidelberg drives digital transformation - 20 contracts already signed for new subscription model  (Company news)

-Incoming orders up 6 percent to €1,306 million in first half-year
-Group sales also improve by 6 percent to €1,114 million
-Operating result (EBITDA) increases from €60 million to €62 million
-Still on course to achieve targets for financial year 2018/2019 as a whole

Six months into financial year 2018/2019, the launch of the new subscription model has led to further growth in incoming orders and the order backlog at Heidelberger Druckmaschinen AG (Heidelberg). No fewer than 20 subscription contracts covering the entire press life cycle – including service, software, and consumables – have been signed to date and demand for new machines remains healthy. As a result, incoming orders for the half-year have climbed by around 6 percent, from €1,234 million to €1,306 million. This figure would have been higher still had it not been for negative exchange rate movements amounting to €17 million. The order backlog improved by an impressive 23 percent, from €627 million to €774 million. Sales of up to €100 million, in particular for services and consumables, are expected over the standard five-year term of the subscription contracts already signed, which represent an annual sheet volume in the order of 1 billion pages.

“The subscription model offers huge potential. It’s transforming the market and also our company. We’re continuing to drive the digital transformation at Heidelberg,” commented Heidelberg CEO Rainer Hundsdörfer.

The implementation of the corporate strategy towards digitization is progressing. Printers in Europe, the US and China are already producing with high quality and productivity for their customers with the new Primefire digital printing system. With the newly founded Heidelberg Digital Unit, the e-commerce business will be rapidly expanded. As part of a digital roadmap, IT will also focus even more on efficient processes and the challenges of digital business models.
(Heidelberger Druckmaschinen AG)

Newsgrafik #121682

Arctic Paper: Strong Group results with continued high pulp prices  (Company news)

-Q3 sales revenue amounted to PLN 812,4mn (EUR1 191,2mn).
-EBITDA Q3 amounted to PLN 82,5mn (EUR1 19,4mn).
-EBIT Q3 was PLN 59,5mn (EUR1 14,0mn).
-Pulp prices have stabilised during the period.
-For the paper segment a better product mix and paper price increases partially compensate,further price increases ahead.
-Increased market share and North American sales compensate drop in European paper demand.

"The strong performance of Rottneros and the combination of a better product mix and price increases in our paper segment, have contributed to a good result given the challenging market environment. Further paper price increases are being implemented during Q4 and we are working hard to recover our margins.” (Per Skoglund (photo), CEO)

For the third quarter, Arctic Paper Group reached a turnover of PLN 812,4 million (compared to PLN 735,9 million in Q3, 2017). EBITDA rose by 16,6 percent to PLN 82,5 million (70,8 million), making the quarter the second best on consolidated level in the Group's history. The paper segment increased its revenue to PLN 591,8 million (542,3 million) while EBITDA decreased to PLN 27,5 million (38,9 million).

For the paper segment, our efforts are starting to show results. The combination of a better product mix and price increases have partially, but still not fully, compensated for the increased pulp costs. Further price
increases are being implemented during Q4 and we are working hard to recover our margins. Since summer, pulp prices have stabilised on a very high level.

Our paper production amounted in Q3 to 161,000 tonnes, comparable to last year. With pulp prices on a record high, and the subsequent need to raise graphical paper prices, the European graphical paper market demand/volume has dropped significantly during the second and third quarters. However,
this has been compensated by increased market share and sales in the North
American market.
(Arctic Paper S.A.)

Newsgrafik #121628

Polimeros y Derivados nonwoven minimises switchover times with Greycon  (Company news)

Polímeros y Derivados (PYDSA) is going live with the opt-Studio advanced functionality of block schedule optimisation, to complete the third and last phase of full project implementation.

Overall production capacity at PYDSA has increased continually over recent years necessitating PYDSA to upgrade its planning and monitoring process, optimising the efficiency of their operations and gaining better visibility across all the production lines.

Block schedule optimisation helps resolve issues common in the nonwovens industry, including product complexity, non-constant demand and high switch-over costs, when transitioning from one product to another. opt-Studio, designed specifically for flat-based industries, addresses and resolves issues through optimising the sequence of runs enabling maximum production efficiency, optimal customer service and minimum inventory levels.

Previous phases included the implementation of detailed scheduling on multi-site, multi machine levels, advanced trimming, materials management and tight integration with Microsoft Dynamics (ERP and MES).

Daniel Castro, Planning Manager at PYDSA says: “I am impressed with opt-Studio’s capabilities, both in terms of advanced functionalities and usability, compared with other advanced planning systems I have used previously. Since phase one went live in 2017, improvements have been achieved in sales and operations KPIs, including trim waste reduction, lower inventory levels and shorter lead times.”

Leví Cortizas, Consultant at Greycon says: “It has been a pleasure to work with the PYDSA team. Having completed the implementation of opt-Studio integrated with Microsoft Dynamics GP, it is exciting to witness the tangible benefits achieved. The implementation in parallel of ERP and Greycon solutions was challenging but, with motivated teams and disciplined working, it has been implemented successfully giving PYDSA production efficiency, reduced trim waste, faster and more accurate responses to changes in demand. It has also increased visibility on production efficiency, inventory levels and customer service.”
(Greycon Ltd)

Newsgrafik #121649



26th – 28th June 2019
Ho Chi Minh City, Vietnam

The International Exhibition and Conference on Pulp and Paper Industry is very glad to come back again. This year we are excited to welcome more than:

Including Three Sectors:
• Bristol card
• Coated art paper & board
• Converted papers
• Craft paper…

• Complete Paper Mill Machinery
• Converting Machinery
• Printing Machinery
• Industrial Generator…

Raw material:
• Waste paper
• Pulp & Fiber
• Minerals & Pigments
• Specialty Chemicals…

This is a big chance for you to seek new potential customers, get a relation with the CEO, Experts, Directors and Representatives from many famous companies in the world.

Moreover, join in this event gives an opportunity so that you can know more about the pulp and paper market in Vietnam and ASIA, these new information, technologies, and machines.
(Minh Vi Exhibition & Advertisement Services (VEAS))

Newsgrafik #121666

Metsä Board invests in a capacity increase at its Kaskinen BCTMP mill  (Company news)

Metsä Board, part of Metsä Group, is investing in a second baling line at its Kaskinen mill. Together with process and grade changes carried out previously this investment will increase the mill’s bleached chemi-thermomechanical pulp (BCTMP) capacity and will improve product consistency and production reliability. The line will be taken into use during November–December 2018. The value of the investment is EUR 6 million.

The investment will increase the annual capacity by a further 30,000 tonnes to 370,000 tonnes and will help the mill respond to growing demand. The BCTMP produced in Kaskinen is used both for Metsä Board’s folding boxboard production as well as for market pulp. High quality BCTMP helps provide important properties for folding boxboard such as light weight.

Metsä Board Kaskinen is one of the largest and most modern BCTMP mills in the world.
(Metsä Board Corporation)

Newsgrafik #121668

Perfect waste nicks - For perfect packaging  (Company news)

Marbach presented its new hand-held tool for inserting waste nicks into cutting rules back in spring. At the FachPack in Nuremberg, this device became the absolute top seller. It was possible to purchase the so-called marbanick|2 directly at the fair and numerous customers took advantage of this opportunity to upgrade and optimize their production.

When manufacturing a cutting-die, a majority of the nicks are already ground-in. Sometimes, however, it is also necessary to insert subsequent waste nicks in order to optimize and adapt the tool to the on-site conditions. This is exactly what the marbanick|2 has been designed for. With it, the size of the waste nicks can be optimally adapted to the requirements of the operator. Setting the nicks is fast, safe and controlled.

The special feature of Marbach's marbanick|2: With conventional devices available on the market, only one nick with a predefined size can be inserted into cutting rules. For differing sizes operators will need an additional device. But not so with the marbanick|2: because with the Marbach device you can be flexible and will be able to insert three different nick thicknesses with a single device.

Marbach marketing manager Tina Dost: "An unbeatable advantage for our customers. This not only provides flexibility, but also saves time, space and, of course, money because three functions are possible with one device. Above all simple handling and high flexibility are what convince our customers".
(Karl Marbach GmbH & Co. KG)

Newsgrafik #121669

Flint Group showcases breadth of technological innovation at LabelExpo India  (Company news)

Newest capabilities of its digital print, platemaking, narrow web and flexographic products will be highlighted

Flint Group will demonstrate its role as technology innovator with its broad range of technologies, systems and solutions that support customer business goals and profitability aims at LabelExpo India, booth G15, India Expo Centre & Mart, November 22 to 25.

Photo: ThermoFlexX 30 platemaking system

Visitors will get the latest updates on exciting developments from Flint Group‘s four different product groups that deliver leading edge solutions for prepress and pre-production, digital and conventional print and embellishments, converting and delivery.

Flint Group CEO Antoine Fady, says, “We are committed to designing and developing systems and solutions that enhance our customers’ services, develop their capabilities and expand their client base. These solutions show our dedication to helping them successfully grow their business and elevate their profitability.”

Among those systems are the Digital Solutions’ division’s Xeikon 3300 roll 2 roll configuration. It will be helping visitors identify ways to cost effectively expand their business production capabilities and door opening opportunities. It supports high quality production for self-adhesive labels and the heat-transfer sector. The cost effective entry level narrow web label press excels in productivity and prints at true 1200 dpi offering operators flexibility and operations scalability. It is the only digital press with a real prepress workflow and strong color management functionality to ensure maximum performance with CMYK + White. Its water resistant dry toner allows the use of substrates without any specific treatment.

Underpinning Xeikon’s technology agent status will be samples from one of its newest portfolio additions – the PX3000 UV inkjet press. It was developed in response to the growing need for new technologies in digital label printing, to drive new applications and to produce them in the most efficient way. The system joins a growing family of inkjet presses that offer the right technology for the right application.

Flint Group’s Digital Solutions will showcase how its ThermoFlexX 30 platemaking system provides high-resolution plate imaging, unique plate handling and productivity. They will demonstrate the ease of plate loading and unloading and its one of a kind multi-resolution imaging capabilities. With a maximum resolution of 5080 dpi, they can seamlessly reproduce halftone screen up to 250 lpi, ideal for intricate, high quality work. The small footprint, integrated carbon filtering system and the whisper-quite operation allows the ThermoFlexX 30 to be put even in an office environment.

The Narrow Web division will exhibit the latest ink technologies for all Narrow web printing techniques. As lead innovator they will show the widest portfolio of ink series designed to increase converter productivity, efficiency and provide the lowest cost per label while enhancing the converter’s brand image. Exhibition focus will include recent innovations in LED curing inks such as EkoCure XS, the fastest ink for shrink sleeves that provides the best in class shrink performance. In addition Narrow Web experts will demonstrate the brand new colour management solution, VIVO Colour Solutions. Visit a demo of VIVO Colour solution and fully understand how this can improve your bottom line.

Also present will be Flint Group’s Flexographic division that comprises of a complete product portfolio of nyloflex® printing plates, plate processing equipment and rotec® sleeves and adapters. Key highlights include the nyloflex® Xpress Thermal Processing System, and its flat top dot and round dot top thermal plate portfolio, which are optimized for the Xpress thermal processor, delivering excellent print results in the flexible packaging and label markets. Also on highlight will be the recently launched nyloprint® WF SHARP Digital, a letterpress plate for the label printing market, which is able to hold finest image details, especially in the printing of highlights and vignettes. The new polymer formulation provides a homogeneous ink lay-down on all common label substrates and laminates.
(Flint Group Headquarters)

Newsgrafik #121670

Ahlstrom-Munksjö Wins 3M Supplier of the Year Award  (Company news)

Award recognizes suppliers who improve 3M’s competitiveness

Ahlstrom-Munksjö, a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide, was honored with the 2017 3M Supplier of the Year Award in recognition of the company’s contribution to improving 3M’s competitiveness.

This year, 3M recognized 16 suppliers -- among thousands in its global supply base -- for world class performance in providing products and/or services. These suppliers were identified and rated based on strategic spend, contract compliance, actions taken to improve 3M’s relevance and overall supplier performance (quality, delivery, responsiveness, cost, technology roadmaps). An awards ceremony was held October 3, 2018 at the 3M Innovation Center.

Omar Hoek, EVP of the Specialties BA commented, “It is an honor to be selected for this distinction. I would like to take the opportunity to congratulate the new Global Key Account Management team on this fantastic achievement and thank them for their efforts. This is a great recognition of our performance with 3M that we can all be very proud of.”

“Supplier collaboration is critical to supply chain success,” said Debora Fronczak, vice president, 3M Strategic Sourcing. “We are fortunate to work with great suppliers who are committed to fostering a relationship with 3M. These partnerships help us to serve our customers with innovative and valuable solutions. It’s important that we recognize our most outstanding suppliers, and that’s what this award is all about.”
(Ahlstrom-Munksjö Corporation)

Newsgrafik #121651

Kodak Reaches Agreement with Montagu for Sale of its Flexographic Packaging Division  (Company news)

Eastman Kodak Company has entered into a definitive agreement to sell its Flexographic Packaging Division to Montagu Private Equity LLP, a leading private equity firm. After closing, the business will operate as a new standalone company which will develop, manufacture and sell flexographic products, including the flagship KODAK FLEXCEL NX System, to the packaging print segment.

Under its new ownership, the business will have the same organizational structure, management team and growth culture that has served Kodak’s Flexographic Packaging Division well in recent years. Chris Payne, who has served as President of the Flexographic Packaging Division for the last three years, will lead the new company as CEO.

Kodak’s Flexographic Packaging Division is an excellent example of Kodak incubating and bringing disruptive innovation to the marketplace. Over the past five years, the Flexographic Packaging business has grown and thrived within Kodak, and has become a significant player in the packaging print industry. The business will be well-positioned to continue delivering solutions to maintain profitable growth for printers in the packaging sector and remain at the leading edge of flexographic print production.

Kodak expects to receive total value of up to $390 million, comprised of the following components: (1) base purchase price of $340 million, subject to purchase price adjustments; (2) potential earn-out payments of up to $35 million over the period through 2020 based on achievement by the business of agreed-upon performance metrics; and (3) $15 million payable by Montagu to Kodak at the closing as a prepayment for various services and products to be provided by Kodak to the business post-closing pursuant to commercial agreements, subject to completion of certain pledge and collateral arrangements.

The net proceeds from the transaction will be used by Kodak to reduce outstanding term debt. The Company expects that the remaining outstanding term debt will be refinanced and/or repaid using cash proceeds from additional asset monetizations.

This transaction is an important turning point in our transformation and is a significant, positive development for Kodak,” said Jeff Clarke, CEO, Kodak. “The sale of the Flexographic Packaging Division unlocks value for shareholders and strengthens our financial position by providing a meaningful infusion of cash which allows us to reduce debt, improving the capital structure of the Company and enabling greater flexibility to invest in our growth engines.”

Kodak remains committed to the print industry and delivering products and services which meet the evolving needs of printers. Following this transaction, Kodak will continue to focus on the demonstrated growth areas of SONORA environmental plates, enterprise inkjet, workflow software and brand licensing. The Company is well-positioned for the future by leveraging these growth engines and continuing to maximize value in commercial printing, film and advanced materials.

The transaction is expected to close in the first half of 2019, subject to the receipt of required regulatory approvals and satisfaction of closing conditions.

UBS Investment Bank acted as exclusive financial advisor and Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Kodak for the transaction. Ernst & Young acted as financial advisor, Bain & Co. acted as commercial advisor and Linklaters LLP acted as legal advisor to Montagu for the transaction.
(Eastman Kodak Company)

Newsgrafik #121652

Xeikon showcases Digital Label Advantage at busy Labelexpo Americas 2018 exhibition  (Company news)

Divisions of Flint Group, including its Digital Solutions division, Xeikon, hosted one of the most popular exhibits at Labelexpo Americas 2018. The largest event for the label printing industry in the Americas, it was the venue for Xeikon’s announcement of its new entry-level Label Discovery solution featuring the Xeikon 3030. Xeikon showcased and sold all the digital label printing solutions it demonstrated at the trade show.

“Labelexpo was a resounding success for us,” said Donna Covannon, Director of Marketing, Xeikon America, Inc. “Our booth was always busy and visitors were impressed by Xeikon’s commitment to matching the right technology choice with the customer’s application – whether EP toner or UV inkjet – and offering options to grow along with customers’ businesses.”

Each of the Xeikon digital presses on display at Labelexpo was purchased and has been shipped directly from the show floor to the customer. The following are just some of the customers who recognize Xeikon as their trusted advisor.

Southern Tape & Label, a prominent South Florida label printer, had discovered a steady stream of digital label opportunities with a Xeikon Jetrion solution and found that demand from their customers required an additional printing solution. They chose from the Xeikon 3000 Series, solution family and their new press was shipped directly from Labelexpo to their production facility. The solution includes a Xeikon 3030 web-fed digital label press and the miniDcoat, a digital converting solution that can be used in-line or off-line with the 3030.

Chris Martin at Creative Labels in northern California identified the Xeikon Cheetah CX3 as the right solution for his business. He plans to use the Cheetah press to serve the company’s growing base of customers in the food and beverage market, and plans to expand immediately into heat transfer labels and soon in the future into flexible packaging. Martin explained his plans in a video interview with

Martin’s Cheetah CX3 was part of the Automation Arena, where it was the only digital press in operation. The Automation Arena was a Labelexpo-sponsored project that offered visitors live demonstrations of equipment from multiple vendors working together to provide a fully-automated end-to-end workflow.

USA Label Express, a family-run printing business founded in 1971 and based in Bolivar, Ohio, purchased the Panther PX3000 UV inkjet digital label press that was demonstrated at the show. The company also uses a Xeikon Jetrion printing solution and is looking to grow its business with the new volume and capabilities of the Panther press.

Looking to expand into the heat transfer market space, a label provider in southern California purchased the Xeikon 3500 on display at the show.

New product announcements
In addition to the new Xeikon 3030 Label Discovery solution, Xeikon announced several innovative new capabilities at the event:
-Next-generation Xeikon QB toner – This new dry toner supports Xeikon’s vision of matching the right technology with the right application. Compatible with all Xeikon dry toner presses, QB toner meets current regulatory requirements and is designed to be food-safe. The toner replaces Xeikon QA and ICE toners.
-Xeikon X800 6.0 – Xeikon’s latest update to the X800 digital front end provides a series of productivity enhancements to allow printers to maintain the highest levels of efficiency. The updated solution provides improvements such as reduced job preparation time, automated job impositioning and automated converting. Xeikon has added support for nine new languages on MyPress and Workflow user interfaces, improving ease of use for press operators in a wide range of markets.

A number of Xeikon customers, including Mercian Labels, Label Aid, Inc. and CS Labels, were honored at a ceremony in the Xeikon booth as part of the annual Flint Group Print Excellence Awards.
(Xeikon Manufacturing and R&D Center)

Newsgrafik #121654

FITNIR Scores Breakthrough Project with Fibria  (Company news)

FITNIR Analyzers Inc. announced that Fibria Celulose S/A selected FITNIR Online liquor analyzer (photo) and FITNIR MC chip moisture analyzer for its Aracruz Pulp Mill in Espírito Santo state, Brazil. This is a milestone project for FITNIR as it marks its first implementation in South America.

As a part of its Industry 4.0 transformation, Fibria's selection of FITNIR's technology was based on the importance of accurate and relevant data in moving towards a new era in process control where online data availability is essential. "FITNIR's capability of measuring key properties including moisture, solids, lignin, and organic and inorganic solids, as well as the ability to expand to new measurements in the future, was an immense draw for us," says Estevão Frigini Mai, R&D Scientist at Fibria. "With its high uptime, low maintenance potential and versatility, FITNIR's technology can be reliably used for advanced process automation today as well as for future automated-cognitive processes to improve efficiencies, quality, and ultimately productivity and profits," adds Mai.

"We are thrilled to finally be working with Fibria on this breakthrough project," says Thanh Trung, VP of Technology at FITNIR. "We anticipate great success with this implementation and look forward to the possibility of expanding to other process streams with Fibria, showcasing our ability to help optimize the pulp and paper industry in Brazil."

Project delivery is expected to take place in mid-December 2018, with implementation and start-up in the first quarter of 2019.
(Fitnir Analyzers Inc.)

Newsgrafik #121655

Ence increases its net profit by 54%, reaching 91.7 million euros between January and September  (Company news)

-Company's pulp business, which improved EBITDA by 58%, boosts the company's results.
-Group's EBITDA rose to 213.6 million euros, 45% more than in the same period of 2017.
-The strength of demand and the lack of large projects to increase capacity suggest a scenario of strong pulp prices for the coming years.
-Ence has agreed to purchase a 50 MW thermosolar plant in Puertollano that will provide an EBITDA of € 18 million/year, before synergies.

Ence - Energía y Celulosa increased its net profit by 54% after reaching € 91.7 million in the first nine months of the year, driven by the strength of its pulp business. Ence's EBITDA amounted to € 213.6 million, with an increase of 45%. The cellulose business improved its result by 58%.

In this business, the company has successfully executed the expansion of 30,000 tons of capacity in the Pontevedra biofactory and has begun works for the expansion of 80,000 tons in the Navia biofactory, which will be completed in 6 months. In the Renewable Energy business, investments for the installation of 99 megawatts of new generation capacity with biomass progress adequately to start operating at the end of 2019, and will contribute with an estimated annual EBITDA of € 30 million. In addition, Ence has agreed to purchase a 50 MW thermosolar plant in Puertollano (Ciudad Real) that will contribute an annual EBITDA of € 18 million, before synergies.

Ignacio Colmenares (photo), CEO of Ence, announced that "on November 20 we will present a new Strategic Plan for the next 5 years, in which the strength of the demand and the lack of large projects to increase production capacity, make us anticipate a scenario of strong pulp prices for the coming years. The axes on which the new Plan will be based are: growth, diversification, competitiveness, sustainability and financial discipline."

The strong generation of free cash, which increased by 60%, has allowed to pay dividends amounting to € 39 million and invest € 127 million to complete the execution of the current Strategic Plan, without hardly increasing.
(Grupo Empresarial#ENCE S.A. Divisíon de Celulosa)

Newsgrafik #121657

More space for information - August Faller Group provides a wide range of solutions for ...  (Company news)

...pharmaceutical packaging needs with more space for the communication of information

These days, packaging for pharma and healthcare products is much more than simply a protective covering. It now plays an important role in communicating information and can support direct interaction between manufacturer and user. The August Faller Group supplies pharmaceutical product manufacturers with a broad-based range of innovative packaging and packaging components precisely geared to these requirements. Such components include individual folding cartons, labels, package inserts and combination products as wellas interactive, digital solutions. Faller has now summarised the whole range in the form of a white paper.

The role of packaging as a communication space and information carrier continues to gain in importance. Patients, pharmacists and doctors expect
more than just the details required by law - they now want useful information on the correct way to use a product. Also, the additional safety features - like tamper-evident closures and the 2D data matrix code - required by the EU Anti-Counterfeiting Directive can reduce the amount of
space available on packaging for communicating information - which makes
it necessary to develop new packaging solutions. Furthermore, packaging
design is increasingly influencing purchasing decisions, especially with
regard to over-the-counter drugs.

As packaging specialists for the pharma and healthcare industry, August
Faller is well aware of the requirements of products in this field and
provides information carrier solutions for every individual need.

Folding carton with additional uses
In order to expand the space available for communication on the conventional folding carton, Faller creates individual solutions with integrated or combined information carriers for their customers. Folding
cartons can be enhanced by a variety of means - by additional flaps, e.g.
with a longer rear side, by an internal or external communication space or
by integrated products, such as the leaflet or multipage label.

Allrounder label
The August Faller Group's solutions for adhesive labels for use on vials,
tubes and bottles can be just as varied in design - they range from
multilayer labels through multipage and wrap-around labels to special solutions such as a combined form of package insert and label.
Among the latest developments produced by Faller is the TEAM label. The
'Tamper Evident And Multipage' label combines the functions of booklet and
closure label in a single component.

Reinterpretation of an elementary component - the leaflet
The leaflet as an essential component of pharmaceutical packaging is at the heart of the August Faller Group's range of skills. The specialist producer bundles several leaflet types in many different ways. These include banding machine, adhesion and shrink-wrapping techniques. The bundles can then be placed or dispensed into a folding carton.

Digital communication with extra advantages
Faller's range also covers digital solutions, which enable valuable additional functions, as well as interaction between medication users and
manufacturers. Also, drug packaging can feature conventional QR codes or
more recent technologies such as Near Field Communication (NFC) and Augmented Reality.
In this way, pharma manufacturers can easily refer to other useful information to reinforce patient compliance, e.g. in the form of a video to
aid use of the medication or to supply information on its effects.
(August Faller GmbH & Co. KG)

Newsgrafik #121658

Clearwater Paper Reports Third Quarter 2018 Results  (Company news)

Clearwater Paper Corporation (NYSE:CLW) reported financial results for the third quarter of 2018.

The company reported net sales of $426.5 million for the third quarter of 2018, which was flat with net sales for the third quarter of 2017. Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the third quarter of 2018 were $34.4 million, or $2.08 per diluted share, compared to net earnings for the third quarter of 2017 of $0.9 million, or $0.05 per diluted share. The increase in net earnings was due primarily to a $22.9 million gain on the sale of the company's Ladysmith, Wisconsin manufacturing facility along with higher pricing and record shipment volumes in paperboard, improved operating efficiencies and lower selling, general and administrative expenses. Excluding certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, third quarter 2018 adjusted net earnings were $22.3 million, or $1.35 per diluted share, compared to third quarter 2017 adjusted net earnings of $5.3 million, or $0.32 per diluted share.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, were $71.0 million for the third quarter of 2018, compared to $31.3 million for the third quarter of 2017. Adjusted EBITDA for the quarter was $48.9 million, up 29.9% compared to third quarter 2017 Adjusted EBITDA of $37.6 million.

“We exceeded our expectations for the third quarter due to record paperboard shipments and strong customer demand for paperboard,” said Linda K. Massman, president and chief executive officer. “We are also seeing positive results from the operating model improvements for our tissue business, resulting in lower transportation and warehousing costs.”

“For the remainder of 2018, we are in the home stretch to complete our new paper machine, converting lines, and warehouse at our Shelby, North Carolina facility. We are also keenly focused on generating cash to pay down debt and optimizing our network of tissue assets to streamline costs and better meet the needs of our customers.”


Consumer Products

Net sales in the Consumer Products segment were $211.6 million for the third quarter of 2018, down 9.1% compared to third quarter 2017 net sales of $232.9 million. This decrease was due to lower retail volumes and prices, the divestiture of the Ladysmith facility, and weaker product mix as reflected in a 7.4% reduction in retail converted case shipment volumes, partially offset by a 43.0% increase in non-retail parent roll shipments as the company works to replace lost converted case business in the second half of 2018.

Operating income and margin for the third quarter of 2018 were $21.7 million and 10.2%, an increase of $17.2 million compared to operating income and margin of $4.5 million and 1.9% respectively, in the third quarter of 2017, that was primarily due to the gain on sale of the Ladysmith facility. After adjusting for certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, including the gain on the sale of Ladysmith, an adjusted operating loss of $1.0 million for the third quarter of 2018 was down from $10.3 million and 4.4% of adjusted operating income and margin, respectively, for the same period in 2017. Adjusted EBITDA for the segment was $13.4 million in the third quarter of 2018, down from $26.0 million in the third quarter of 2017. Those decreases were primarily due to lower average selling prices, the absorption of fixed costs over lower volumes of retail shipments, higher pulp costs and the divestiture of Ladysmith.

Tissue Sales Volumes and Prices:

• Total tissue volumes sold were 88,860 tons in the third quarter of 2018, a decrease of 1.8% compared to 90,502 tons in the third quarter of 2017. Converted product cases shipped were 11.8 million in the third quarter of 2018, 7.4% lower than the 12.7 million cases shipped in the third quarter of 2017.

• Average tissue net selling prices decreased 7.5%, to $2,381 per ton in the third quarter of 2018, compared to $2,574 per ton in the third quarter of 2017, primarily due to the increased volume and percentage of non-retail parent rolls in the product mix.

Pulp and Paperboard

Net sales in the Pulp and Paperboard segment were $214.8 million for the third quarter of 2018, up 11.0% compared to third quarter 2017 net sales of $193.6 million. The increase was due to record shipment volumes and higher paperboard prices.

Operating income and margin for the third quarter of 2018 were $38.3 million and 17.8%, compared to $14.7 million and 7.6%, respectively, for the third quarter of 2017. Adjusted EBITDA for the segment was $47.7 million in the third quarter of 2018, compared to $23.1 million in the third quarter of 2017. The improvement was primarily due to higher average selling prices and the absence of $21 million in major maintenance expense incurred in the third quarter of 2017, which more than offset increased costs for wood fiber in the Pacific Northwest and higher transportation costs.

Paperboard Sales Volumes and Prices:
• Paperboard sales volumes were 218,135 tons in the third quarter of 2018, an increase of 8.8% compared to 200,569 tons in the third quarter of 2017.
• Paperboard net selling prices increased 2.1% to $985 per ton for the third quarter of 2018, compared to $965 per ton in the third quarter of 2017.
(Clearwater Paper Corporation)

Newsgrafik #121661

Cascades Packaging starts up PM1 at Kingsey Falls after major rebuild by Toscotec  (Company news)

Following a major rebuild of the dryer section supplied by Toscotec with the installation of TT SteelDryers, Cascades Packaging fired up its PM1 at Kingsey Falls mill, Canada. The machine was started up on schedule on September 23rd, with the support of Toscotec’s service engineers, who also provided the commissioning and the erection supervision onsite.

Toscotec implemented an efficient rebuild aimed to achieve the highest production increase with the lowest possible impact on the existing machine. Toscotec customized its engineering design in order to efficiently integrate its new dryer section into the existing equipment. The project was completed in record time and maintaining the overall length of the dryer section and the width of the dryers’ frame.

Mathieu Gendron, Mill Manager of Cascades Kingsey Falls, says, “Toscotec delivered the project according to the tight schedule we agreed upon. After start-up, we are seeing a promising increase in the production and we are confident that it will match the project targets”.

Fabrizio Charrier, Toscotec’s P&B Area Sales Manager, comments, “we are happy to see that the first results after start-up indicate that we will achieve the project’s target of 8% production increase. This is a very significant result, especially if you consider that the scope of the rebuilding was reduced to a minimum, in order to limit shutdown and construction costs”.
(Toscotec S.p.A.)

Newsgrafik #121613

Grab your customers' attention with eye-catching floor graphics  (Company news)

Many of us use our phones while out shopping: researching products, comparing prices, downloading coupons, taking photos of items to think about later, looking at a shopping list or simply checking the time. So, with so many shoppers looking down at their phones, retailers need to find new ways to grab their attention.

Innovations in printing technology, inks and - of course - materials now enable display and advertising potential to reach floor to ceiling and wall to wall. Window displays encourage shoppers into a retail space, inside which POS and shelf-edge displays can boost sales of a specific product or range. But floor graphics can do all this and more: they can be used to guide customers into and around a space and create a fuller experience.

This method can also be incredibly effective in city center environments, trade shows, museum exhibitions, theme parks - anywhere you want to grab and maintain the attention of your visitor. They're also ideal for places like hospitals, transport hubs and educational facilities, where effective wayfinding systems keeps foot traffic moving in the right direction.

The safety of floor graphics was, naturally, a concern in the past; installing a tripping hazard is never good business. But materials have been developed to ensure floor graphics are non-slip and securely fixed and, at Drytac, we make media that is easy to install and to remove too, even for the non-professional.

Indeed, we have a full range of display materials designed specifically for safe, user-friendly and effective graphics on a whole variety of common floor coverings. This includes award winning SpotOn Floor 200, a 200 micron (8 mil) embossed printable white matte PVC film designed for short-term, indoor floor graphics with no need for lamination, with a post-print anti-slip rating. It has also achieved a Class B1 Fire Rating, meaning it can be used in public areas governed by strict fire regulations, and has Drytac's innovative 'dot pattern' adhesive for clean removal - leaving no sticky residue.

Drytac's FloorTac range is tough enough to withstand medium to heavy foot traffic in indoor environments, offering a great addition to short-term graphics campaigns. This specialityt floor graphics media features a removable, pressure-sensitive grey acrylic adhesive making it easy to apply, maintain and remove. Recommended to be paired with Drytac's Emerytex overlaminate to provide slip-rated floor graphics. FloorTac is available in North America and FloorTac Plus is available in Europe. In North America, Drytac users can also find the multi-purpose Polar Polymeric and Polar Polymeric Clear RC self-adhesive vinyls, great for floor graphics as well as POS displays, window graphics, vehicle wraps and general signage.
All Drytac's materials that are suitable for floor graphics are compatible with UV, solvent, eco-solvent and latex ink technologies, making them incredibly versatile products. With floor graphics it's all about being eye-catching, so spend time experimenting with colors and designs to create something far more enticing than a smartphone.
(Authored by Steve Yarbrough, Product Support Specialist, Drytac)
(Drytac Europe Limited)

Newsgrafik #121641

Jeff Payne Joins Athens as Vice President, Packaging  (Company news)

Athens is proud to announce that Jeff Payne (photo) has joined our team as Vice President of Packaging. Jeff has been in the paper and packaging business for nearly 20 years, and looks forward to building a team of packaging-focused, solution-selling individuals at Athens. With Jeff’s wealth of experience and knowledge in the industry, he looks forward to bringing value and providing outstanding service to Athens customers.

Since graduating college at Appalachian State University in Boone, NC, Jeff has utilized his degree in Communications and Business Administration in a wide variety of sales/management roles in the service and distribution industry. Most recently, he served as Packaging Sales Manager at Veritiv Corporation.

Payne is excited to take on his new challenge. Jeff said, “I want Athens Paper to be recognized as one of the most knowledgeable and dependable packaging distributors in our entire coverage area.”
(Athens Paper Company)

Newsgrafik #121642

Cascades Announces Solid Results for the Third Quarter of 2018  (Company news)

-Strong quarterly performance driven by record containerboard results
-Solid Containerboard fundamentals support favourable near-term outlook

Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period ended September 30, 2018.

Q3 2018 Highlights
-Sales of $1,172 million (compared to $1,179 million in Q2 2018 (-1%) and $1,103 million in Q3 2017 (+6%))
-As reported (including specific items)
---Operating income of $78 million (compared to $73 million in Q2 2018 (+7%) and $51 million in Q3 2017 (+53%))
---OIBD 1 of $139 million (compared to $131 million in Q2 2018 (+6%) and $104 million in Q3 2017 (+34%))
---Net earnings per common share of $0.38 (compared to net earnings of $0.28 in Q2 2018 and net earnings of $0.35 in Q3 2017)
-Adjusted (excluding specific items)
---Operating income of $76 million (compared to $76 million in Q2 2018 (stable) and $53 million in Q3 2017 (+43%))
---OIBD of $137 million (compared to $134 million in Q2 2018 (+2%) and $106 million in Q3 2017 (+29%))
---Net earnings per common share of $0.40 (compared to net earnings of $0.30 in Q2 2018 and net earnings of $0.20 in Q3 2017)
-European Boxboard subsidiary, via equity position in Reno De Medici S.p.A., closed the acquisition of Barcelona Cartonboard on October 31, 2018
-Net debt of $1,573 million as at September 30, 2018 (compared to $1,586 million as at June 30, 2018) and net debt to adjusted OIBD ratio 2 at 3.2x on a pro-forma basis -

Mr. Mario Plourde (photo), President and Chief Executive Officer, commented: "Strong fundamentals in Containerboard Packaging were the driving factor behind our solid third quarter performance. This was reinforced by successful margin realignment in Recovery activities, which contributed to improved quarterly earnings in Specialty Products. Results in the Tissue division continued to be impacted by rising raw material and logistics costs, in addition to the capacity-driven competitive reality. While margins in this division were below expectations as a result of these factors and weather-related events, the solid quarterly sales performance highlights the underlying strength of our tissue platform, and supports the strategic investments being made to propel long-term competitive positioning. Finally, the European Boxboard segment, via our 57.8% equity position in Reno de Medici S.p.A., announced solid results in the seasonally softer third quarter that delivered a marked improvement in profitability year-over-year.

On the strategic front, ramp-up of the new containerboard converting facility in Piscataway, NJ progressed very well, and production from the Maspeth, NY has been transferred to the new facility earlier than expected. Engineering work and project analysis continue to be advanced for the Bear Island project in Virginia , with scope and plans expected to be finalized in the first half of 2019. Reno de Medici S.p.A. announced that it had received the necessary approval from the Spanish Antitrust Authority and closed the acquisition of Barcelona Cartonboard SAU on October 31, 2018 ."

Analysis of results for the three-month period ended September 30, 2018 (compared to the same period last year)
Sales of $1,172 million increased by $69 million or 6% compared to the same period last year. This was driven by a 12% increase in the Tissue segment, reflecting volume improvements, a more favourable sales mix, exchange rate and higher average sales prices during the period. An 8% increase in the Containerboard Packaging division similarly benefited sales, and was driven by higher sales prices and the acquisition of Ontario converting facilities at the end of 2017. Sales generated by the European Boxboard segment were up marginally compared to the prior year, as lower shipments were offset by improvements in both pricing and sales mix, and a favourable Canadian dollar - euro exchange rate. Finally, third quarter sales in the Specialty Products division were below prior year levels, reflecting the lower sales in recovery activities following the significant decrease in year-over-year prices of brown recycle fibres.

Third quarter operating income stood at $78 million , a notable improvement from the $51 million generated last year. This increase was driven primarily by the Containerboard Packaging segment, where strong results reflect the improved raw material pricing environment and implementation of the industry-wide US$50 /st price increase. Operating income similarly benefited from improved results generated by the European Boxboard segment, reflecting lower raw material pricing and higher average selling prices. As was the case in the second quarter, the contribution from the Specialty Products division decreased slightly compared to last year as a result of the impact of lower raw material prices on recovery activities. Lastly, results in the Tissue division reflected higher raw material and transportation costs, the effects of which mitigated the benefits derived from a more favourable pricing and sales mix, and higher volumes.

On an adjusted basis 1 , third quarter operating income stood at $76 million , versus $53 million in the prior year.

The specific items, before income taxes, that impacted our third quarter 2018 operating income and/or net earnings were:
-a $2 million unrealized gain on financial instruments (operating income and net earnings)
-a $1 million restructuring charge related to the forthcoming closure of two sheets plants in Ontario (operating income and net earnings)
-a $1 million gain related to a plant closed in a previous year (operating income and net earnings)
-a $3 million foreign exchange gain on long-term debt and financial instruments (net earnings)

For the three-month period ended September 30, 2018, the Corporation posted net earnings of $36 million, or $0.38 per common share, compared to net earnings of $33 million, or $0.35 per common share in the same period of 2017. On an adjusted basis, the Corporation generated net earnings of $38 million in the third quarter of 2018, or $0.40 per common share, compared to net earnings of $19 million, or $0.20 per common share, in the same period of 2017.

Near-Term and Strategic Outlook
Discussing short-term expectations, Mr. Plourde commented: "We expect solid market conditions to continue to drive results in the Containerboard business within the framework of the softer seasonal demand typical of the fourth quarter. While recent announcements regarding future capacity additions have led to some concern about longer-term demand-supply balance in the containerboard market, current data suggests that the market will remain well balanced over the medium-term. Given this, the containerboard division is expected to continue to be an important contributor to our business performance over this timeframe. Turning to Tissue, capacity additions and elevated raw material costs will continue to impact the performance of this segment in the near-term. As such, we remain focused on realizing recently announced price increases, maximizing efficiency, optimizing our operational performance, and we remain committed to strategically investing in the modernization of our asset base to reinforce our market positioning.

Strategically, we are focused on successfully carrying out our 2018 investment program, ramping up production at our recently opened containerboard converting facility, broadening our tissue sales penetration in Oregon , and completing engineering analysis for the Bear Island project in Virginia . On a broader scale, our daily operational focus and our longer-term strategic plans continue to be driven by our commitment to be meticulous with our capital allocation practices, to diligently manage our leverage, and to successfully position our asset base for long term success."
(Cascades Inc.)

Newsgrafik #121644

Transomat 4 BL 150-5 - automatically loads the high-speed cutter via the rear table  (Company news)

When high-speed cutters need to be loaded, Transomat units are a performance-enhancing alternative to stack lifts.

POLAR Transomat 3 BL with chip marker option takes lifts off the stack in one go which are as high as the cutter's full clamp opening. The Transomat pusher or an optional gripper loading system transports the reams directly onto the rear table. (The advantage is that material flows won't cross each other).

Customer benefits
-Increases the high-speed cutter efficiency by up to100%, because the next ream can be transported into the cutter while the present one is unloaded
-Very easy to handle, no set-up times
-Improves ergonomic conditions, because lifting heavy loads is no longer necessary
(POLAR-MOHR Maschinenvertriebsgesellschaft GmbH & Co. KG)

Newsgrafik #121646

Good order situation and cash flow performance in the Koenig & Bauer group  (Company news)

-Order intake up 4.4% and continued good project situation
-Revenue and EBIT below prior year due to greater accumulation of deliveries in Q4 and bottlenecks in parts availability
-Good EBIT margin of 6.6% in Q3 with low revenue level
-25.5% rise in order backlog to €769.3m
-Increase in cash flows from operating activities to €50.5m, equity ratio widened to 37.4%
-Dr Andreas Pleßke appointed to management board for five years

Photo: New orders for flexible packaging printing rose at a particularly gratifying rate

Driven by strong security press business and growth in packaging printing markets, order intake in the Koenig & Bauer group rose by 4.4% over the previous year to €943.2m in the first nine months of 2018. At the end of Q3, order backlog was up 25.5%, standing at €769.3m. Group revenue came to €788.8m but fell short of the previous year’s figure of €847.7m due to the even greater accumulation of delivery dates requested by our customers in Q4 and bottlenecks in the parts availability. This was also reflected in EBIT, which at €28.6m was lower than in 2017 (€36.4m).

Segment performance
While the project situation is good, order intake, revenue and EBIT in the Sheetfed segment were affected in particular by bottlenecks in the availability of parts. President and CEO Claus Bolza-Schünemann: “The situation with respect to parts and the high order backlog dampen our new business due to longer delivery times. We are currently working intensely on optimising our entire supply chain to achieve a sustained reduction in delivery times.” Despite the growth in flexible packaging printing, order intake for Digital & Web was up only slightly on the previous year’s figure due to fewer orders for newspaper and digital printing presses. Together with market-entry and growth-related expenses for corrugated board and flexible packaging, the lower revenue exerted pressure on EBIT in this segment. Despite substantially higher orders, revenue in the Special segment was slightly below the previous year’s figure. However, the EBIT margin remained stable in this segment.

Financial and balance sheet profile strengthened
Cash flows from operating activities rose substantially over the previous year (–€24.6m) to €50.5m. Although free cash flow was burdened by the final payment instalment of €34.8m made in Q1 for the external funding of a part of the pension provisions, it also improved substantially. In addition to net liquidity of €74.3m and securities of €15.7m that can be liquidated at any time, the group also has access to syndicated credit facilities. The equity ratio widened from 36.4% at the end of 2017 to 37.4%.

Group targets for 2018
Referring to the targets for 2018, CFO Mathias Dähn says: “The numerous press deliveries and service activities scheduled in the final months of the year will trigger a surge in revenue and earnings in Q4. In view of this business concentration, which is challenging due to the high capacity utilisation and the parts situation but not really unusual, we aim to achieve organic growth of around 4% in Group revenue for 2018. As things currently stand, we cannot rule out a shift of around €35m in revenue into 2019 as a result of delivery delays caused by bottlenecks in the parts availability. In terms of our earnings target for 2018, we are confident that we will achieve an EBIT margin of around 7% for the full year with higher revenue in view of the EBIT margin of 6.6% in the third quarter with low revenue. Global macroeconomic risks have increased due to trade conflicts and barriers, rising US interest rates and political uncertainties in Europe (Brexit, Italy) and in the emerging markets.”

Medium-term goals until 2021
Depending on trends in the global economy, end markets and the necessary investments in growth, management is targeting a group-wide organic revenue growth rate of around 4% p.a. and an EBIT margin of between 4% and 9% by 2021. The effects of the additional growth offensive 2023 which the management board presented in conjunction with the announcement of the Q3 figures are not included in the medium-term targets, neither revenue nor costs.

Additional growth offensive 2023
Describing in greater detail the additional growth offensive 2023, CFO Mathias Dähn says: “For a stronger profitable growth, we want to actively exploit the currently available market opportunities in corrugated board printing, flexible packaging and 2-piece can decorating alongside our service initiative. The same thing applies to marking & coding and postpress equipment such as rotary and flatbed die-cutters. Based on an addressed total market volume of currently around €2bn p.a. for machines, these business fields are expanding at annual rates of between 2% and 10% as they are benefiting from growth in consumer spending and demand for packaging around the world as well as long-term trends such as e-commerce, more sophisticated packaging and smaller sizes due to more single-person households. With newly developed products such as CorruCUT, CorruFLEX and CorruJET for corrugated board printing, CS MetalCan for 2-piece can decorating and the Rapida RDC 106 rotary die-cutter, we want to stand out from the competition with improved total cost of ownership, shorter make-ready times for ever more frequent job changes, greater ease of operation and high production output. The same thing also applies to our new and enhanced products for flexible packaging printing, flatbed die-cutters and marking & coding. Complex customer surveys and analysis always form the basis for our decisions. Our growth offensive 2023 necessitates additional experts and specialists in our global service and sales network as well as targeted portfolio additions based on platform concepts. We estimate the cumulative market-entry, growth-related and R&D expenses for 2019 to 2021 at around €50m. By 2023, we want to gradually generate additional revenue of around €200m in these addressed business areas. Given this favourable market environment with structural and above-average growth as well as less cyclical end markets such as food, beverages and pharmaceuticals, we want to gradually increase the EBIT margin from additional business to a double-digit figure at steady-state.”

Management board change
The supervisory board has appointed its member Dr Andreas Pleßke to the management board for five years with effect from 1 December 2018 for managing the Special segment. His area of responsibility also includes the optimisation of the internal production network. Furthermore, the company has been able to find Prof Dr-Ing Raimund Klinkner as his successor to the supervisory board.
(Koenig & Bauer AG (KBA))

Newsgrafik #121648

Ahlstrom-Munksjö increases parchment paper production capacity and inaugurates a new ...  (Company news)

... production line in Saint-Séverin in France

Ahlstrom-Munksjö strengthens its global leading position in parchment products for sustainable everyday applications by inaugurating a new parchmentizer line at the Saint-Séverin plant in France. With the new line the company meets the growing demand for sustainable alternatives for cooking and baking, pan liners, trays and molds.

Ahlstrom-Munksjö’s genuine vegetable parchment papers are made out of 100% cellulose fibers with no chemical additives. Most of its variants are biodegradable and certified home compostable. Genuine vegetable parchment offers optimal release, greaseproof and heat resistance properties, making them ideal for cooking and baking, food packaging and processing applications in both professional and domestic use. The market for parchment products is estimated to grow by approximately 3-5% annually.

This highly attractive EUR 7 million investment, announced in June 2017, started up successfully in September 2018. Base paper for the parchmentizer line is sourced internally allowing also a more favorable product mix within the Food Packaging business, part of the Specialties business area.

“Ahlstrom-Munksjö is one of the only few players to provide a viable compostable alternative to plastics and aluminum for products like baking trays and molding materials. We are committed to Genuine Vegetable Parchment as we believe sustainable materials are our future”, says Omar Hoek, EVP of the business area Specialties.

The plant’s main products include food and beverage packaging materials and it employs 168 people. In addition to using local resources for the building of the new line, the investment will employ 28 more full time employees, a significant number in a region that has been affected by industrial desertification in the past decade.

Ahlstrom-Munksjö’s Specialties business area produces materials for food and beverage packaging, laboratory filters and life science diagnostics, water filtration, tape products and medical fabrics. It also supplies hot oil cooking and milk filtration materials, graphics paper for sticky notes and envelopes and metallized labels.
(Ahlstrom-Munksjö Corporation)

Newsgrafik #121664

Smurfit Kappa’s 'Better Planet Packaging' heralds another step forward on its sustainability journey  (Company news)

Packaging leader Smurfit Kappa has launched the ‘Smurfit Kappa Better Planet Packaging’ initiative to open the future of sustainable packaging.

Launched at its European Management Conference in Berlin, the new initiative builds on the company’s expertise in packaging, innovation and sustainability.

‘Smurfit Kappa Better Planet Packaging’ is a multi-faceted initiative comprising futuristic product design, extensive research and development and collaboration with existing and new partners.

Speaking about the new initiative, Arco Berkenbosch, VP of Innovation and Development, said: “We are very excited about launching the ‘Smurfit Kappa Better Planet Packaging’ initiative which will enable us to explore and re-imagine the packaging that we need for a sustainable world.

“This will be another step forward in fulfilling our vision of creating sustainable packaging for our customers and their consumers.”
(Smurfit Kappa Group Headquarters plc)

Newsgrafik #121675

ANDRITZ to upgrade screw presses for Metsä Board  (Company news)

International technology Group ANDRITZ has received an order from Metsä Board, Finland, to upgrade two ANDRITZ screw presses at its Kaskinen mill in Finland. Start-up is scheduled for the first quarter of 2019.

Photo: ANDRITZ will upgrade and relocate two pulp screw presses at the Kaskinen mill

ANDRITZ will upgrade two pulp screw presses so that they can be utilized as bleach presses in parallel with two existing ANDRITZ twin wire presses. The upgraded screw presses will ensure the availability of the BCTMP (bleached chemi-thermomechanical pulp) line even during maintenance work.

The scope of supply includes:
-New screw shafts equipped with modern wear protection (wear shoes and body plates)
-New low-pressure and medium-pressure screen baskets in split design; with exchangeable, grooved screen plates
-New headboxes
-Relocation of the screw presses, including erection work and assembly with new components
-Start-up support

Metsä Board decided to place this upgrade order with ANDRITZ based on their very good experience with joint screw press projects in the past at Metsä Board's Joutseno mill in Finland.
(Andritz AG)

Newsgrafik #121626

European 2018 GUA Conference focused on workflow and cloud innovations as ...  (Company news)

... well as opportunities to proactively shape the printing industry transformation

The European Conference of GUA (Graphic Users Association of Kodak Solutions), which has been an annual event since 2005, was held this year in Lisbon, capital of Portugal. Staged in the second week of October, it offered a tightly packed and very varied agenda over a three-day period. Attendees from all over Europe had a chance to get up to date with current industry trends and innovative KODAK technologies, and to obtain first-hand answers to questions.

The GUA Conference provides Kodak and its customers and partners with a valuable platform for intensive exchanges of experience and is a useful forum for discussing print industry and technology trends as well as all the latest developments in the field of KODAK Unified Workflow Solutions and related products. At the same time, the event is a unique opportunity for participants to engage in personal networking. GUA University classes round off the schedule with plentiful options for learning more about specific applications for KODAK’s software products.

Cloud services, workflow automation, packaging integration and the integration of digital print production stood out as the most important among a broad array of compelling topics. Presentations and product demonstrations from partners like Creative Edge Software, Microsoft, Perfect Pattern, PrintVis and Ricoh added width and depth to the program. Conference delegates were able to directly address detailed questions and wishes regarding software products and features to developers and senior Kodak executives during a series of round tables. The Kodak Lab, which opened its doors parallel to the conference sessions, was a great place to engage one on one with solution experts to ask questions and receive support specific to their needs. The KODAK Professional Services team, who support users with bespoke integration, process optimization and programming services, had four stands in the Lab.

Print is changing – but exciting opportunities still abound
The keynote speech by Dr. Sean Smyth of Smithers Pira included a comprehensive overview of the current economic situation in the printing market in general in Europe, the Middle East and Africa, which is predicted to continue growing overall between now and 2023 in spite of a slight decline in Western Europe. “The printing industry is changing,” he asserted; “business models are changing in all industries,” and printers are now called upon to adjust accordingly.

Smyth identified huge opportunities for doing print outside traditional print areas: packaging for commercial printers, printed textiles, ceramics and tiles, decorative printing, functional printing (printed electronics, solar panels, biomedical industry) and 3D printing (additive manufacturing). “These are all things that printing companies with an understanding of project management, how to generate a master and reproduce it, are very good at,” he concluded. And against the background of unrelenting price and time pressures, Smyth sees the digital workflow as a central success factor: “The growth in web to print, web to wall, web to whatever is determined and only made possible by workflow.”

Big data, data analytics and cloud services are all the rage
Allan Brown, General Manager Unified Workflow Solutions and Vice President Software Solutions Division, Kodak, confirmed the good growth prospects for print: “Our view is that print is actually booming, we see growth instead of contraction. Kodak heavily supports digital printing both by reducing printer's barriers to add capacity and in making digital more profitable. We are also expanding into the packaging market which is significant as well.”

Brown emphasized that when it comes to software applications, there is an increasing trend towards subscriptions, which are a core aspect of new SaaS solutions like Dynamic Print Planning or the Ink and Plate Usage Service for the PRINERGY Cloud. These also give users more flexibility in terms of their cash flow because no major initial investments are necessary.

Brown simultaneously emphasized the relevance of big data and data analytics: “Big data is very important. Our vision was that we wanted to aggregate the big data that comes out of the shop and make that data usable in order to make the shop smarter. We look at applications in print shops, CTP platesetters, digital printing devices, software, and servers. All of them generate an immense amount of data, and you need data analytics and artificial intelligence to dig into that data and to interpret it in order to give printers helpful insights and identify sources of savings. We bring things together: smart devices, big data, AI, analytics. This means we are entering the era of smart manufacturing. That is the evolution that we see going on in the industry today.”

Carlo Sans, Worldwide Director of Product Management and Marketing, Software and Solutions Division, Kodak, remarked in his rundown of current technology trends that cloud computing is firmly established today in many industries and is nothing new anymore. And as the cloud, data analytics, machine learning, and the Internet of Things become more readily available, smart manufacturing is rapidly turning into a reality. According to Sans, print service providers who embrace solutions leveraging these cutting-edge technologies will be more competitive in the long run.

Stephen Miller, Product Manager, Software and Solutions Division, Kodak, concurred with this assessment in his review of PRINERGY Cloud services: “The benefits of the cloud far outweigh the challenges. PRINERGY Cloud services offset labor from your IT or prepress teams, put it in our care and automate it.”

Miller also addressed the printing industry’s reservations with regard to cloud data security. He stressed the extremely high level of Cyber Security Protections enjoyed by users of PRINERGY Cloud services based on Microsoft’s Azure Cloud. Miller cited the PRINERGY Cloud Archive and Backup service as an example, where three data copies are automatically stored at a data center in Amsterdam and three more at another data center in Dublin. “The data is encrypted at rest and encrypted in motion and only your PRINERGY server can access it.”

Luis Calado De Sousa, Cloud Solution Architect at Microsoft, was yet another speaker who reported that cloud use has meanwhile gained widespread acceptance across virtually all industries: “The picture has changed totally over the last two years, and we’ve noticed an enormous increase in acceptance of innovative cloud solutions. The fact that in 2018 there are around 5000 partner solutions based on Microsoft’s Azure Cloud is clear evidence of this – and the Kodak solution is one of those.”

Lisbon was well worth the journey
All in all, the attendees returned home well satisfied with the high technical standard and the broad range of issues covered by the GUA Conference 2018. A visitor who works for one of Germany’s leading online printers praised the quality of the sessions hosted by Kodak and its partners, stating that the conference had generally been immensely helpful. In the same vein, César Correia, Programmer Analyst at Lidergraf, a Portuguese print service provider, commented: “The value of GUA is great for us. This was our second time here and we value the conference highly. The direct exchange with other people in the industry, especially from other countries, is very useful. We liked the round tables, too, where there was a chance to suggest new features or report problems.” His colleague Bárbara Lopes added: “We also took part in the GUA University. I learned a lot about tools that I knew existed but without any idea of how to use them efficiently. Those insights will profit not only me personally but also my co-workers.”

Stephen Lavey, President of the EAMER GUA Board, concluded: “I believe this year’s GUA Conference has been very enlightening, especially in the light of the changes that are happening to our industry, the demand on resources and education. We have seen here at GUA some great innovation that is coming about; we had a view of what the future is going to look like. We’ve had great support from the Kodak Lab and KODAK Professional Services and some top-class keynote speakers. This event fundamentally captured the spirit of GUA in knowledge sharing and supporting one another.” Finally, he appealed to all Kodak users who are not yet GUA members: “Come and join us! We welcome you with open arms and we are really interested in hearing your problems if you have any but also in showing you how you can help us, share your knowledge and become a member of our community.”
(Kodak GmbH)

Newsgrafik #121632

Klingele Group acquires the Spanish company Ondunova  (Company news)

Acquisition supports the growth strategy of the Klingele Group abroad

Picture: The corrugated cardboard plant in Santa Margarida i els Monjos in the Barcelona region (Catalonia province)

The Klingele Group, one of the leading independent manufacturers of corrugated base paper and corrugated board packaging, has acquired all of the shares of the Gomà family in the Spanish Ondunova Group, a manufacturer of corrugated packaging in Catalonia (Spain). Klingele has been a part of the company since the early 1970s; and now Klingele has assumed full ownership. With this step, the packaging manufacturer continues its growth abroad.

The Ondunova Group was founded in 1957 and has a corrugated cardboard plant in Santa Margarida i els Monjos in the Barcelona region (Catalonia province). With approximately 100 employees in Ondunova and 20 in Wondu, the company produces packaging and displays made of corrugated cardboard. The customers include companies from the automotive, personal hygiene, construction, electronics, pharmaceutical and medical industries as well as the beverage industry. In 2016, the Spanish packaging specialist also established its own business unit for digital printing of small-volume series. Since then, Ondunova has been selling individually designed packaging solutions in high-quality printing under the WONDU brand. The flexibility of the printing and the digital cutting technology enables the design of corrugated board products for seasonal campaigns even in small quantities, thus offers the possibility of approaching new customers with innovative and cost-efficient products.

Klingele is a founding member of the Blue Box Partners Alliance, which provides European companies with innovative packaging solutions in consistent quality. At the same time, however, Klingele has always been dedicated to its own international commitments, which include the development of pioneering markets such as Cuba and Mauritania. In Spain, the corrugated cardboard specialist has been present in the Canary Islands since 1965 through its subsidiary Klingele Embalajes.

‘After decades of constructive collaboration with the Gomà family, we will now continue with the successful growth of the Ondunova Group solely under the Klingele flag,’ stated Dr Jan Klingele, Managing Partner of the Klingele Group. ‘Especially in the economically strong region of Catalonia, we see excellent opportunities for the future.’
(Klingele Papierwerke GmbH & Co KG)

Newsgrafik #121634


~ Significant progress on strategic transformation ~ ~ Launching plan to eliminate $14 million to $16 million of corporate costs ~

Glatfelter (NYSE: GLT) a leading global supplier of engineered materials, reported its results for the third quarter of 2018. As part of the Company’s strategic transformation, Glatfelter completed the sale of its Specialty Papers business unit on October 31, 2018. Accordingly, Specialty Papers’ results are classified as discontinued operations for all periods presented in this release including the recognition of a $97.5 million after-tax impairment charge in connection with the sale of the business unit.

On an adjusted basis, earnings from continuing operations for the third quarter of 2018 were a loss of $0.2 million, or $0.00 per share compared with adjusted earnings of $7.6 million, or $0.17 per diluted share, for the same period a year ago. Corporate shared services costs totaling $6.9 million and $7.2 million for the third quarter of 2018 and 2017, respectively, previously included in Specialty Papers’ results are required to be included in income from continuing operations. Adjusted earnings is a non-GAAP financial measure for which a reconciliation to the nearest GAAP-based measure is provided within this release.

Consolidated net sales totaled $209.9 million and $210.1 million for the three months ended September 30, 2018 and 2017, respectively. On a constant currency basis, Composite Fibers’ net sales decreased by 0.8% and Advanced Airlaid Materials’ net sales increased by 4.8%.

“We made significant progress on our previously announced strategy to transform Glatfelter into a leading, global engineered materials company,” said Dante C. Parrini (photo), Chairman and Chief Executive Officer. “We successfully completed two major transactions, both of which closed in October. The sale of the Specialty Papers business and the acquisition of a nonwovens business in Steinfurt, Germany, support our strategic focus and further solidify our platform for long-term growth. In addition, we are well positioned for growth to accelerate in our airlaid business driven by our new Fort Smith, Arkansas, facility and the Steinfurt acquisition.”

Mr. Parrini continued, “While we made progress on our transformation, we continue to face competitive market conditions and the impact of the rapid rise in raw material prices in our Composite Fibers business. We have maintained our focus on reducing costs and improving efficiency to address these challenges and we recently announced price increases for this business. We are also launching a plan to right-size our corporate cost structure now that the sale of the Specialty Papers business is complete and we expect to eliminate $14 million to $16 million of expenses by the end of 2019. The growth opportunities we see in front of us and these actions continue to give me confidence in the longer-term potential of our engineered materials businesses and the value they will deliver to our shareholders.”
(Glatfelter Corporate Headquarters)

Newsgrafik #121637

Kemira appoints Rasmus Valanko as Head of Corporate Responsibility  (Company news)

Rasmus Valanko has been appointed as Director, Corporate Responsibility at Kemira starting on February 1st, 2019.

Rasmus is currently the Director of Climate and Energy at the World Business Council for Sustainable Development (WBCSD). In this role he is responsible for a wide portfolio of projects within WBCSD, strategic partnerships and cross-sector collaboration. Previously Rasmus has worked for Royal Dutch Shell in various roles including alternative energy strategy, climate policy,and manufacturing. He has also worked for the Ministries of Foreign Affairs and Environment in Finland, focusing on overseas development cooperation and multilateral environmental treaties.

“Sustainability is an integral part of Kemira’s business purpose and strategy, as we work to improve the resource efficiency of our customers in water intensive industries. Through our products and solutions our customers can improve their water, energy and raw material efficiency in their manufacturing processes, thus contributing to a low carbon economy. Rasmus will be a good addition to our team developing sustainability as a true competitive advantage for Kemira. We also want to extend a big thank you to Tuula Paajanen, who leaves the role in order to retire after a transition period,” says Jari Rosendal, Kemira’s President and CEO.
(Kemira, Paper Segment)

Newsgrafik #121639

A.Celli Paper: Two 18 ft IDEAL® Steel Yankees have been sent together  (Company news)

The Italian company confirms its position as a technological and productive leader in the Yankee Dryer market, supplying iDEAL® YD both for new tissue machines and in replacement of cast iron Yankees.

Two sets of 18 ft. iDEAL® steel Yankees, manufactured by A.Celli Paper, have been successfully sent to Yibin Paper Industry Co., Ltd and are expected to be installed on site in November 2018.

The order, signed by A.Celli Paper and Yibin Paper, includes five sets of iDEAL® Tissue Machines, three of which, equipped with three 16 ft. steel Yankees, have already been successfully installed, and now the other two 18 ft. Yankees have been delivered.

The first tissue machine was started up earlier and is smoothly running on site, highly praised by the Customer.

This is another extraordinary result due to the A.Celli’s continuous innovation in technology.
(A. Celli Paper S.p.A.)

Newsgrafik #121568

New SAVEink chamber doctor blade for narrow web flexo highlights TRESU’s ...  (Company news)

... presence at Labelexpo India 2018

At Labelexpo India 2018, TRESU Group will present its ancillary programme of automatic ink supply and chamber doctor blade systems for flexographic label and packaging presses, providing solutions for reducing waste, consistently clean printing at faster speeds, and improved machine uptime (stand M23, 22-26 November, India Expo Center and Mart, Noida/ Delhi NCR).

A highlight of the stand will be the new TRESU FlexiPrint Reservoir SAVEink chamber doctor blade for narrow web flexo applications up to 800mm wide. With an integrated high-capacity reservoir, the TRESU SAVEink chamber doctor blade is ideal for process and spot colours as well as high ink transfer printing, without the need for a connected pump. TRESU SAVEink is suitable for long and short run production; ink may be added to the reservoir without stopping the press.

The TRESU SAVEink chamber is sealed and locks into place in seconds without the risk of spilling or ink contamination. Its doctor blades are in fixed, pre-set positions and require no further adjustment: optimal contact is made with the anilox roll, minimising wear.

Visitors to Labelexpo India will also be able to experience the TRESU SAVEink chamber doctor blade installed on a press at the Alliance Printech PVT stand (F21).

TRESU’s chamber programme is available for all web widths from 185mm to 6000mm and includes light-weight, corrosion-resistant carbon fibre and ceramic variants. Using the company’s unique “Pressure Control Technology”, the chambers eliminate air contamination and microfoaming, to ensure clean, uniform print on the substrate. Suitable applications include labels, flexible packaging, and paperboard printing and coating. Chamber blades may be supplied with new presses and retrofitted on existing ones.

Chamber doctor blade systems for enhanced flexo performance
Also featured on the stand are other models in the FlexiPrint range: FlexiPrint Basic and FlexiPrint Reservoir, offering high price-performance ratios. These doctor blade systems maximise print quality, efficient ink use, and savings on waste.

FlexiPrint Basic offers high-quality doctoring for anilox rolls from 80mm to 2000mm in width and between 60mm and 400mm in diameter. Suitable for water, solvent and UV-curable inks and coatings, FlexiPrint Basic features TRESU’s patented ‘E-Line’ eccentric clamping system and seals for fast, accurate and easy doctor blade changes, and protection of ink quality.

FlexiPrint Reservoir is designed for water-based and UV coatings. It can be manually filled or used with a pump. The easy-load cassette enables fast colour/coating changes and the patented seals mean that surplus ink can be reserved in the chamber for future use.

Information on the carbon fibre MaxiPrint Concept chamber for web widths from 1600mm to 6000mm will also be available.

Ensuring a smooth supply of ink can save time and money and contribute to improved productivity. TRESU is recognised for its ink supply systems, which can be part of the configuration of a new press or retrofitted. Its flagship solution is the F10 iCon system that provides a complete cleaning and ink change cycle in 5 to 15 minutes for standard viscosity inks. Information of the full range of TRESU coating circulation and conditioners for high viscosity inks will be available on the stand.

Flexo Innovator: advanced inline flexographic printing
Information, samples and animations about the TRESU Flexo Innovator flexo printing machine for advanced, high-quality, high-speed packaging production for folding carton board, paper, laminates and metallic substrates will also be available on the stand.

With its customised line configuration and in web widths from 670mm to 1700mm, the Flexo Innovator is able to integrate water-based, solvent and UV-curable inks, as well as value-adding complementary processes, including double-sided printing, gravure coating (double-sided), inkjet, cold foil and lamination. Speeds of up to 800m/minute make the Flexo Innovator an advanced, versatile solution for both short and long-run production.

Global support
TRESU is noted for its highly responsive global support network that not only offers technical and sales assistance, but application consultancy to ensure that its customers are maximising their potential in a changing business environment. TRESU Group is represented in India by the distributor, CGSASP Pvt Ltd, based in New Delhi, providing a first point of contact for enquiries, as well as a local source of support and consumable products.

“The labels market in India continues to expand at a high rate, and those businesses that are able to meet both quality and price demands will be those with the most efficient equipment and production workflows,” said Steen Rasmussen, area sales manager, TRESU Ancillary. “Indian label and packaging converters are well positioned to benefit from the rapidly changing market conditions with their ability to respond quickly. TRESU ancillary solutions, like the new FlexiPrint SAVEink chamber and the F10 iCon ink supply system can make a huge difference to a converter’s competitiveness.”
(Tresu A/S)

Newsgrafik #121619

Verso Corporation Reports Third Quarter 2018 Financial Results  (Company news)

Verso Corporation (NYSE: VRS) reported financial results for the third quarter of 2018.

Third Quarter 2018 Highlights:
-Net income of $86 million or $2.45 per diluted share; $29 million in special items.
-Adjusted EBITDA of $108 million, up 130% versus third quarter 2017.
-Net sales up $83 million, or 13%, from same quarter 2017.
-Net debt reduced $66 million to a balance of $103 million.
-Term loan retired.

"Verso's positive momentum continued to strengthen in the third quarter as pricing, mix management and improved operational performance across the company materially enhanced profitability and cash flows," said Verso Chief Executive Officer, B. Christopher DiSantis (photo). "Our entry into the growing containerboard market, excellent strides in specialty paper sales and a full order book, along with significant achievements including the repayment of our term loan, position Verso well for sustainable value creation."

Comments to Results of Operations – Comparison of Three Months Ended September 30, 2018 to Three Months Ended September 30, 2017
-Net sales in the third quarter of 2018 increased $83 million, or 13%, compared to the third quarter of 2017. The sales increase was driven by improved average pricing, primarily attributable to improved product mix including increased specialty sales, driven by continued economic growth and evolution of e-commerce markets, and price increases across all product lines. Specialty paper price increases are being driven by inflationary costs and higher pulp prices. Overall sales volume was up slightly, driven primarily by the increased sales of our specialty products, partially offset by a reduction in external pulp sales due to internal needs.
-Gross margin, excluding depreciation and amortization expenses, increased from 10.8% in the third quarter of 2017 to 17.6% in the third quarter of 2018, driven by higher average pricing and improved product mix, reduced downtime, lower major maintenance costs and reduction of pension costs, partially offset by reliability issues at our Luke Mill, increased freight expense and inflation of chemical, energy and fiber costs.
-SG&A expense in the third quarter of 2018 increased $1 million over the same period in 2017, primarily attributable to costs incurred during the third quarter of 2018 associated with an increase in cash and non-cash compensation expense, partially offset by cost reduction initiatives implemented across the company.
-Other operating (income) expense in the third quarter of 2018 includes a $9 million gain on the sale of our Wickliffe Mill.
-Interest expense in the third quarter of 2018 increased $5 million over the same period in 2017, driven by accelerated amortization of debt issuance cost and discount resulting from the voluntary principal prepayments on our term loan, partially offset by the reduction in amounts outstanding under our term loan.
-Other (income) expense in the third quarter of 2018 includes $20 million of income related to a countervailing duty Settlement Agreement with certain Canadian producers of supercalendered paper. Additionally, the third quarter of 2018 and 2017 include income of $3 million and $2 million, respectively, associated with the non-operating components of net periodic pension cost (income) in connection with the adoption of a new accounting standard in the first quarter of 2018.

Comments to Results of Operations – Comparison of Nine Months Ended September 30, 2018 to Nine Months Ended September 30, 2017
-Net sales in the nine months ended September 30, 2018, increased by $165 million, or 9%, compared to the nine months ended September 30, 2017. The sales increase was attributable to improved average pricing, primarily driven by improved product mix including increased specialty sales and price increases across all product lines, partially offset by an overall decrease in sales volume. Volume decline was driven primarily by declining graphic paper sales and a reduction in external pulp sales due to internal needs, partially offset by increased sales of our specialty products.
-Gross margin, excluding depreciation and amortization expenses, increased from 7.2% in the nine months ended September 30, 2017 to 12.3% in the nine months ended September 30, 2018, driven by higher average pricing and improved product mix, reduced downtime and reduction of pension costs, partially offset by higher planned major maintenance costs, operational performance issues, increased freight expense and inflation of chemical, energy and fiber costs.
-Depreciation and amortization expenses in the nine months ended September 30, 2018 were lower than the nine months ended September 30, 2017, as a result of $6 million in accelerated depreciation in first quarter of 2017, attributable to the capacity reductions at the Androscoggin Mill.
-SG&A expense in the nine months ended September 30, 2018 decreased $3 million compared to the same period in 2017, primarily attributable to cost reduction initiatives implemented across the company, partially offset by higher costs associated with the strategic alternatives initiative and non-cash equity award expense.
-Other operating (income) expense in the nine months ended September 30, 2018 includes a $9 million gain on the sale of our Wickliffe Mill.
-Interest expense in the nine months ended September 30, 2018 increased $3 million over the same period in 2017, driven by accelerated amortization of debt issuance cost and discount resulting from the voluntary principal prepayments and excess cash flow payments on the term loan, partially offset by the reduction in amounts outstanding under the term loan.
-Other (income) expense in the nine months ended September 30, 2018 includes $20 million of income related to the Settlement Agreement. Additionally, the nine months ended September 30, 2018 and 2017 include income of $9 million and $7 million, respectively, associated with the non-operating components of net periodic pension cost (income) in connection with the adoption of a new accounting standard in the first quarter of 2018.
(Verso Corporation)

Newsgrafik #121620

One third of e-commerce shoppers return health and beauty products because of the packaging  (Company news)

Esko Identifies Shopper E-Commerce and In-Store Preferences in New Health and Beauty Packaging Study

Esko, a global provider of software and hardware for packaging management and collaboration, design, workflow automation, and production, released a new study, “Packaging and the Digital Shopper: Meeting Expectations in Health & Beauty,” along with sister companies Pantone, X-Rite and AVT. This new study reveals what 3,000 shoppers in North America, Western Europe, and Asia want from health, beauty and personal care packaging, and follows the study “Packaging and the Digital Shopper: Meeting Expectations in Food & Beverage” that was released in June 2018.

Qualitative and quantitative data from this new study may be valuable to senior brand leaders in many departments, such as marketing, design, packaging and information technology, in order to gain insights on shoppers’ preferences and expectations regarding packaging in digital and physical shopping experiences within health, beauty and personal care categories. With this knowledge, brand leaders can better simplify and connect their packaging functions, become more agile, and utilize packaging as a way to innovate their products to drive growth. These findings are also useful for creative agencies and packaging converters as they help brand leaders meet and exceed the product and packaging expectations of today’s digital shoppers.

Some statistics from the study are highlighted below:
-Sixty-three percent of shoppers foresee purchasing more health, beauty, and personal care products online in the next 18 months
-Fourteen percent of online shoppers returned health and beauty products because of miscommunications in online appearance versus what was delivered to their home
-Twenty-eight percent of shoppers agreed that they had purchased a new product because they enjoyed the packaging in the prior three months
-Sixty-three percent of shoppers say they are highly likely to purchase health and beauty products that are personalized for their skin/body type

Future online shopping expectations
With sixty-three percent of shoppers stating that they are likely to purchase health and beauty products that are personalized for their skin/body type, brand leaders need to start considering how to rapidly personalize functional product attributes and improve that experience for shoppers, including the product instructions. Personalization to the shopper will be less about applying his or her name on the product, and more about product customization.

“The data and insights on shopper’s packaging preferences, specifically within personalization, explain why it has become imperative to utilize digital packaging technology tools to increase speed to market and improve overall packaging and product quality,” says John Elworthy, Senior Director of Global Brand Sales.

Esko’s President, Udo Panenka, agrees, “Our study highlights the importance of brand consistency. With shoppers returning products because they don’t match what they’ve seen online, leaders at health, beauty and personal care companies should work to connect their packaging value chain functions in order to present unified or custom product imagery, content, brand graphics and proprietary colors at the speed required by digital shoppers.”
(Esko Belgium)

Newsgrafik #121621

Neenah Reports Third Quarter 2018 Results  (Company news)

Sales Increase 5% to $256 million; E.P.S. of $0.75 per share ($0.76 Adjusted E.P.S.)

Neenah, Inc. (NYSE: NP) reported 2018 third quarter results.

Third Quarter Highlights
-Revenues increased 5 percent to $256.2 million compared with $245.1 million in the prior year.
-Earnings per diluted common share (E.P.S.) of $0.75 compared with earnings of $1.10 per share in 2017.
-Adjusted E.P.S. in 2018 of $0.76 compared with $1.02 per share in 2017. Adjusted E.P.S. excluded net costs of $0.01 per share in 2018 and in 2017 excluded a net benefit of $0.08 per share. Adjusting items are noted later in this release.
-Cash generated from operations of $23.9 million decreased from $36.2 million in the third quarter of 2017.
-Quarterly cash dividends of $0.41 per share were 11 percent higher compared with $0.37 per share in the prior year period.

"Third quarter results were impacted by significantly higher operational costs in the quarter, as we took additional downtime for maintenance work and to manage global inventories. While the top line reflected normal seasonal slowing in the back half of the year, we continued to grow in our targeted, defensible markets of transportation filtration, premium packaging and digital transfer media," said John O'Donnell (photo), Chief Executive Officer. "Inflationary pressures in 2018 have been unprecedented, with rapid increases in both input and freight costs. Our business teams have responded admirably with market pricing activities and have stepped up cost reduction efforts. These actions, along with initiatives to improve our asset footprint and increase filtration sales in North America, will help restore profitability and margins in 2019."

Quarterly Consolidated Results
Income Statement
Consolidated net sales of $256.2 million in the third quarter of 2018 increased 5 percent compared with $245.1 million in the third quarter of 2017. Incremental revenues resulted from higher Technical Products volumes (including volumes from the November 2017 Coldenhove Acquisition), increased selling prices in both segments and a higher value mix in Technical Products. These items more than offset lower Fine Paper and Packaging volumes and a lower value mix.

Selling, general and administrative (SG&A) expense of $23.6 million in the third quarter of 2018 increased from $21.3 million in the prior year primarily as a result of acquired SG&A.

Operating income of $16.5 million in the third quarter of 2018 compared to operating income of $29.0 million in 2017. After excluding a net $0.7 million of costs in 2018 and a net gain of $2.3 million in 2017, adjusted operating income decreased $9.5 million. The decrease was due to approximately $15 million of higher manufacturing costs, comprised of $9 million of higher input costs, and $6 million of increased costs reflecting operational inefficiencies and spending mostly related to incremental downtime for maintenance work and to manage global inventories. These increased costs were only partly offset by higher selling prices, volume growth and a higher value sales mix.

Net interest expense of $3.2 million in the third quarter of 2018 was consistent with the third quarter of 2017. The impact of incremental borrowings to finance the November 2017 acquisition of Coldenhove was offset by lower borrowing rates.

The effective income tax rate was 3 percent in the third quarter of 2018 and 27 percent in the third quarter of 2017. In addition to a lower tax rate in 2018 as a result of the Tax Cuts and Jobs Act of 2017, the tax rate in the third quarter of 2018 included incremental excess tax benefits from stock compensation, lower U.S. taxes on foreign earnings and a benefit from additional pension contributions. On an ongoing basis, the Company expects a tax rate of approximately 22 percent.

Cash Flow and Balance Sheet Items
Cash provided from operations in the third quarter of 2018 was $23.9 million compared with $36.2 million in the third quarter of 2017. Cash flow decreased due to lower operating income and higher contributions for pensions and postretirement benefit plans in 2018 to take advantage of the effects of the 2017 Tax Act. These items were partly offset by a reduced investment in working capital in 2018.

Capital spending of $12.3 million in the third quarter of 2018 compared to $8.0 million in the prior year.

Debt as of September 30, 2018 was $249.6 million, down from $253.5 million as of June 30, 2018, and cash and cash equivalents as of September 30 were $7.4 million compared to $7.2 million as of June 30. Cash flows generated in the quarter were used to reduce debt and for payment of the quarterly dividend.

Quarterly Segment Results
Technical Products net sales of $138.2 million in the third quarter increased 10 percent, from $125.9 million in the prior year. Revenue growth resulted from acquired volume, organic increases in transportation filtration and labels, higher net selling prices and a higher value mix, partly offset by lower volume in backings and other products.

Operating income of $10.9 million in the third quarter of 2018 decreased $4.7 million compared with prior year income of $15.6 million. Income in 2018 included a net benefit of $(2.6) million for adjusting items. Excluding this benefit, adjusted operating income decreased $7.3 million, as higher sales volumes, increased selling prices and a higher-value mix were more than offset by $10 million of higher manufacturing costs, including $4 million of higher input costs and $6 million of higher costs reflecting operational inefficiencies and spending mostly related to incremental downtime for maintenance work and to manage global inventories.

Fine Paper and Packaging net sales of $112.5 million in the third quarter of 2018 were approximately equal to net sales of $113.3 million in the prior year. Increased selling prices and volume growth in premium packaging were offset by volume declines in commercial print and a lower value mix.

Operating income of $11.3 million in the third quarter of 2018 decreased $6.5 million from $17.8 million in the prior year. Excluding $1.9 million of costs in 2018 and $2.9 million of gains in 2017, adjusted operating income decreased $1.7 million, due to higher input costs, lower manufacturing efficiencies and reduced sales volumes that combined were only partly offset by higher selling prices.

Unallocated Corporate and Other costs in the third quarter of 2018 were $5.7 million compared with $4.4 million in the prior year period. The primary reason for the increase was approximately $0.8 million of higher costs for adjusting items, as well as timing of certain corporate expenses.

Subsequent Event
Through the end of third quarter 2018, the Company was in active negotiations with a potential purchaser of the Brattleboro mill. During this time, the original offer value was reduced and an additional impairment loss was taken in the quarter to reflect the revised offer. In October 2018, negotiations with this potential purchaser ceased and management assessed its options related to the mill. While not precluding additional purchase offers, the Board of Directors subsequently authorized closure of the mill by year-end.

In the fourth quarter of 2018, the amount of the year-to-date impairment loss will be adjusted based on the determination of the potential value of the asset group. From a cash flow perspective, in the event of closure, the liquidation of inventories and sale of assets are expected to more than offset closure related cash costs.

Consolidated net sales of $794.0 million for the nine months ended September 30, 2018 were $58.1 million higher than the prior year as a result of higher volumes, including acquired sales, increased selling prices, a higher-value sales mix and favorable currency effects in the first half of the year.

Consolidated operating income of $36.3 million for the nine months ended September 30, 2018 decreased $48.9 million from the prior year period. The decrease was mainly due to adjustments of $34.8 million consisting of a $34.0 million impairment loss related to the potential sale of the Brattleboro mill and associated research and office facilities, $1.8 million of pension settlement charges and $2.5 million of restructuring, integration, and other costs, offset by a favorable escrow receivable and liability adjustment related to the Coldenhove Acquisition of $3.1 million and an insurance-related settlement of $0.4 million. Excluding these costs in 2018 and $2.3 million of unfavorable adjustments in 2017, adjusted operating income decreased $11.8 million (14%), primarily due to higher manufacturing and distribution costs that were only partly offset by increased selling prices in both segments, volume growth and a higher value mix in Technical Products, and favorable currency effects in the first half of the year.

Net income from continuing operations of $24.3 million in 2018 decreased $37.1 million compared with $61.4 million in 2017. After excluding the 2018 pre-tax adjustments of $34.8 million and a net unfavorable change in tax adjustments of $5.0 million, the decrease in net income of $5.0 million in 2018 was due to a decrease in adjusted operating income, partly offset by the favorable tax effect from a reduction in the U.S. federal tax rate.

Year to date earnings per diluted common share from continuing operations of $1.41 in 2018 decreased from $3.58 in 2017. After excluding costs of $1.51 per share for the impairment loss, pension settlement and other costs, restructuring, integration, and other costs and insurance-related settlement proceeds, and the $0.05 per share increase in estimated one-time taxes on foreign earnings under the Tax Act in 2018; and a benefit of $0.08 per share for insurance settlement proceeds offset by acquisition, integration, and restructuring costs, and costs of $0.24 per share for prior year tax adjustments related to the indefinite reinvestment assertion in 2017, year-to-date adjusted earnings per share in 2018 and 2017 were $2.97 and $3.26, respectively.

Cash provided by operating activities of $63.7 million for the nine months ended September 30, 2018 was $17.9 million lower than $81.6 million in the prior year period. The reduction in cash flows resulted from lower operating income, higher contributions to pension plans to take advantage of the effects of the 2017 Tax Act, partly offset by reduced investment in working capital in 2018.

Capital expenditures for the nine months ended September 30, 2018 were $28.1 million compared to $27.2 million in the prior year period. For 2018, full year capital expenditures are expected to be within a targeted range of 3 to 5 percent of net sales.

Debt as of September 30, 2018 of $249.6 million was $5.9 million lower compared with $255.5 million as of December 31, 2017. Cash and cash equivalents of $7.4 million as of September 30, 2018 increased $2.9 million compared with cash and cash equivalents of $4.5 million as of December 31, 2017.

Discontinued Operations
During the three months ended September 30, 2018, the Company recorded an additional loss on sale of $0.8 million arising from the final adjustment to the transaction price on the sale of the Lahnstein Mill in 2015.

Reconciliation to GAAP Measures
The Company will report adjustments to GAAP figures when they are believed to improve the comparability and understanding of results. In these instances, a reconciliation of adjusted income measures to comparable GAAP measures will be provided, as shown below:

In the third quarter of 2018, adjusted pre-tax costs of $0.7 million consisted of a $2.0 million increase to the impairment loss related to the potential sale of the Brattleboro mill and $2.2 million of restructuring and integration costs, offset by favorable adjustments of $3.1 million related to the acquisition of Coldenhove and an additional recovery related to a prior insurance settlement of $0.4 million.

In the third quarter of 2017, there was an adjusted pre-tax benefit of $(2.3) million from an insurance settlement of $3.2 million partly offset by acquisition, integration, and restructuring costs of $0.9 million.
(Neenah Inc.)

Newsgrafik #121624

Siegwerk to showcase its customized inkjet inks at this year's InPrint 2018  (Company news)

Siegwerk, one of the leading global providers of printing inks for packaging applications and labels, will exhibit from November 20 to 22 at this year’s InPrint Italy 2018, the leading international exhibition of print technologies for industrial manufacturing. The company will use this opportunity to present its customized inkjet ink and service portfolio including its latest developments and innovations for digital printing. At booth 840 Siegwerk will present various application samples provided by customers and partners to demonstrate the wide-ranging possibilities of its inkjet ink solutions for personalized packaging and label applications.

Since its move into the inkjet ink area a few years ago, Siegwerk is today offering analog inks to printers and inkjet inks to equipment manufacturers both for packaging and label applications. The company always attaches great importance to building long-lasting cooperation with business partners. “With the right OEM and industry partners on our side, we are able to jointly shape the future of packaging printing and further drive inkjet printing for labels and packaging applications”, explains Matthieu Carni, Director Business Unit Inkjet at Siegwerk, the company’s partnership approach. With this year’s presence at InPrint 2018 Siegwerk introduces itself as competent and reliable partner for digital printing solutions. “InPrint is a small but leading trade show for technical demonstrations of inkjet system developments and new approaches”, adds Matthieu Carni. It is an ideal touchpoint for the company to share ideas, discuss newest challenges and ongoing projects with customers and other industry partners as well as position itself as leading printing ink provider also for inkjet solutions.

From the company’s perspective, UV and water-based inkjet are the most promising technologies. Two areas where Siegwerk already focuses its activities today. UV inkjet fits with narrow web printing on relatively thick material such as labels, direct-to-pack as well as aluminum blisters and offers good coding and marking options for packaging. UV inkjet inks offer clear benefits for narrow web single pass applications as they cure fast and can be quickly processed, are scratch- and abrasion-resistant and moreover create high-gloss prints ideal for label applications. When looking at absorbent materials with a porous surface or very thin non-absorbent polymer films water-based inks are naturally offering great opportunities, making water-based inkjet the most promising inkjet technology for single pass large width printing on flexible packaging, tissue and corrugated applications.

Today, Siegwerk’s inkjet offering includes excellent UV inkjet solutions for both standard and sensitive applications as well as primers and OPVs suitable for several scopes. With Sicura NutriJet the company for example provides an inkjet ink series for sensitive food and pharma packaging that works with different inkjet printing head technologies. With Sicura Jet low-odor Siegwerk also offers the only non-CMR UV inkjet inks that are designed for printing labels for household, hygiene and industrial packaging. All inkjet inks are suitable for a wide range of label applications like for example self-adhesive labels for cosmetics, wet-glue labels for food and beverages, direct to pack printing, blister packaging as well as aluminum lids for food products. “We strongly believe that UV inkjet will become a mainstream printing technology for label applications and moreover expect some long-term opportunities for UV inkjet especially in the direct-to-pack printing market”, explains Matthieu Carni. “Besides, we expect water-based inkjet to become the future technology of choice for digital printing of flexible packaging.” Even though there are still some significant technology barriers and challenges that need to be overcome, Siegwerk is already working intensively on the development of water-based inkjet inks for packaging applications like flexible packaging, tissue or corrugated board for some time.

Siegwerk has continuously invested in the expansion of its digital printing segment and created a solid base for significant commercial success. Over the last 3 years the company has invested several million euros to specially build up its development, production and testing capabilities in inkjet technology. After inaugurating a dedicated inkjet laboratory in 2016, Siegwerk introduced its first designated inkjet ink production facility in 2017. Going forward, the company will continue to invest significantly in new equipment transforming its French site in Annemasse to the driving force for future inkjet ink solutions. With this year’s acquisition of AGFA’s UV inkjet ink subsection for single pass packaging and label inks Siegwerk further extended its global reach in this young market segment.

As one of the leading providers of printing inks for labels and packaging applications for all kind of printing technologies, the company doesn’t believe in “one fits all” solutions as every application requires different ink characteristics. That’s why Siegwerk offers customized ink solutions to the users’ concrete needs – adjusted to the final application and not only for a given printing equipment. For Siegwerk customization goes beyond classical color matching, it also involves optimization of adhesion, mechanical and chemical resistance properties as well as assessment of migration risks. By providing a combination of best-in-class ink performance, high product safety and continuous support and guidance, Siegwerk is always supporting its customers to address upcoming trends by meeting their individual needs with cutting-edge ink solutions.
(Siegwerk Druckfarben AG & Co. KGaA)

Newsgrafik #121660

CCE International 2019 – Technology trends from the booming corrugated and folding carton ...  (Company news)

...industry and open seminars with focus on digital print

From 12 – 14 March 2019, the 4th CCE International will take place at the Munich Trade Fair Centre in Germany. As Europe’s only trade exhibition for
manufacturing and converting of corrugated and cartonboard, the event is an important meeting point for all industry experts.
Trade visitors to the show will be able to discover the latest technology trends for the corrugated and folding carton industry, such as innovative
solutions for the individualisation of packaging.
The successful series of open seminars from the previous event will be continued in 2019.

The trend towards recyclable and sustainable packaging is boosting significant growth in the corrugated and folding carton industry. However, the corrugated and folding carton industry also needs to incorporate new trends in order to be successful in the highly competitive market.
Technological developments such as digitalisation and industry 4.0 offer huge potential for the industry sector. Digital processes along the entire production chain enable a smarter and more efficient production and enhanced planning processes. Furthermore, digitalisation also enables new
forms of customer communication. Smart folding boxes play an important role in interacting with the end customers and consumers. Packages can be tracked during the entire delivery process; they provide customers with product information via a QR code or feature individualised design and messages for the customer. Sustainable packaging is thus becoming increasingly important in the marketing mix.

Open seminars
CCE International continues its successful series of open seminars in 2019.
Visitors to the show will be able to benefit from daily expert seminars free of charge.
Beside topics such as “sustainability” and “processing technologies” one of
the seminar’s focus is “digital print”. Among many other presentations, HP Inc UK Limited will hold a session on the topic “The Digital Journey in Corrugated Packaging”, Durst will cover the topic “Phototechnik, Digital
High-Speed Printing –New Business Opportunities for Corrugated Converter”, Koenig & Bauer will present the topic “New Equipment for Digital and Flexo
-Postprint” and Robatech will discuss the topic “Glue Application Trends in the Folding Carton and Corrugated Industry”.
An up-to-date seminar programme is available on the CCE International website

Focus on live demonstrations
To date, a total of 122 exhibitors from 22 countries have already booked their stand space at CCE International 2019.
They occupy a net floor space of 5,000 m2. A large majority of the exhibiting companies come from Italy, Germany, the Netherlands, Spain and China. Many exhibitors present their machinery and equipment for manufacturing and converting of corrugated and cartonboard live at their stands.

A comprehensive product portfolio along the entire production chain will be showcased at CCE International. The exhibition profile includes raw materials, machinery, equipment and services for the manufacturing and
conversion of corrugated and carton board: Papers – corrugated and carton
board; consumables; corrugating line, equipment and components; corrugated and carton converting machinery; design and CAD/CAM; printing processes and
equipment; cutting, creasing and die cutting equipment; ancillary equipment; materials handling and warehousing; pallet strapping and handling systems; MIS and plant scheduling systems as well as waste extraction and baling. With its specialised profile CCE International addresses buyers and users of machines for the production and converting of corrugated and cartonboard.

Important visitor information CCE International 2019 will take place in hall B6 at the Munich Trade Fair Centre in Germany. Simultaneously, ICE Europe, the 11th International Exhibition for Paper, Film and Foil Converting, will, once again, take place in halls A5 and A6.

From December 2018, the CCE International visitor brochure will be available in print as well as for download from the CCE International website in the languages German, English, French, Spanish, Italian and Polish.

Tickets for CCE International 2019 will be available in the online ticket shop from January 2019. Day tickets will be available for 24 € online and
38 € on-site, season tickets will be available for 34 € online and 50 € on-site. The tickets also grant access to the co-located exhibition ICE Europe 2019. Both exhibitions will be open on Tuesday, 12th March 2019, and
Wednesday, 13th March 2019, from 9.00 – 17.00 and on Thursday, 14th March 2019, from 9.00 – 16.00.
(Mack Brooks Exhibitions Ltd)

Newsgrafik #121600

Imerys Performance Additives Division announces a substantial price increase in January  (Company news)

Imerys Performance Additives Division (Imerys business in charge of talc, mica and wollastonite) will apply a substantial price increase, effective January 2019, or as contracts allow. This decision is driven by the significant rise in freight, energy, packaging, mining, and labor and maintenance costs in 2018, a trend which is expected to continue in 2019.

In spite of intensive efficiency and cost control efforts, Imerys Performance Additives cannot continue to absorb these cost increases. It therefore has no alternative but to raise its prices in order to ensure the long-term sustainability of its business through continuous investment: renewing equipment, meeting increasingly stringent health, safety & environmental, quality and product stewardship standards, and supporting innovation.

Imerys Performance Additives Division remains committed to offering world class customer service and quality products.
(Imerys Performance Additives Toulouse)

Newsgrafik #121581

Xeikon at ALL4PACK 2018 Exhibition - Market trendsetter in the labels and packaging industry  (Company news)

Xeikon, a global leader in the digital colour print market for the packaging and labelling industry, will be exhibiting at ALL4PACK 2018 in Hall 6, Aisle L, Stand 136.

In Paris-Nord Villepinte, from 26 to 29 November, Xeikon will be presenting its digital print solutions and innovations, including the five-colour Xeikon 3500 digital press (photo).

At the show, the Xeikon 3500 line will be set up as a totally functional complete solution. The press will be printing at up to 19.2 ml/min, in B2 format with nearly infinitely adjustable length. It features integrated colorimetry for higher quality printing, with uniformity in colour replication and repeatability. The demonstration will also include in-line application of spot or flood UV or water-based varnish. Final output can be delivered to a stacker.

Over four days, visitors will be able to discover how they can stay at the forefront of the market in the labels and packaging industry with this innovative digital production approach.

Xeikon’s commercial and technical team will be available to discuss business needs with visitors, make recommendations, and answer all their questions. Particular topics such as direct food contact compliance, unique ways to use variable data, a deep dive into the technology, information about compatible substrates, how to achieve better production efficiency, options for finishing, and business model for digital printing of labels and packaging will all be addressed.

This will be the third time Xeikon has exhibited at ALL4PACK. The entire team are keen to present a range of solutions that are designed to address the production challenges today’s labels and packaging professionals face.

Meet us at Stand 136, Hall 6, Aisle L, at ALL4PACK in Paris!
(Xeikon Manufacturing and R&D Center)

Newsgrafik #121605

A.Celli Rebuilding: Shaniv Paper Industries Tissue Machine TM1 launched  (Company news)

The important rebuilding operation was successfully completed by A.Celli Paper and ended with the start-up of the Israeli customer’s machine.

In early October, the Customer Service team at A.Celli Paper launched the Tissue Machine TM1 of Shaniv Paper Industries Ltd, the second largest Israeli paper manufacturer for home use.

The operation consisted in the supply of a new reel, an innovative DCS system, a set of more efficient motors, renewed roller equipment and the relative drives. The dryer roller (Yankee Dryer) was also insulated by shielding the heads with a layer of coating.

The operation, completed by a team of qualified technicians, allowed the machine to reach the speed of 1500 mpm for the production of high quality tissue paper.

The ambitious project was carried out in full compliance with the client’s expectations, which complimented the team of A.Celli Paper for the excellent work performed.

The technicians will also accompany the customer’s operators during this first post-start phase, for a brief period of baby sitting based on the well-known spirit of partnership that has always distinguished the A.Celli Group.
(A. Celli Paper S.p.A.)

Newsgrafik #121610

Packaging Conference in Lviv: Epple provided information on migration harmless printing  (Company news)

About 70 - 80 European printing experts exchanged information intensively at the International Packaging Conference, in Lviv (Lemberg), Ukraine, from October 10th to 14th, 2018. Epple printing inks have already made a name for themselves here, as well as in neighbouring Poland: indeed it is more than ten years since the launch of the successful cooperation between Epple and their sales partner Grafikus, in Warsaw.

Photo: Jaroslaw Wozny, Application Technician and Regional Sales Representative for Poland and Helmut Fröhlich, Product Manager Packaging, presenting the migration harmless BoFood® ink system in Lviv. © Epple Druckfarben AG

Epple want to create awareness, across the entire branch, of the benefits of low migration and migration harmless ink systems. Indeed packaging printers in many countries have almost completely converted their processes to low migration inks and are complying with, alongside the statutory regulations, the most important technical requirements for foodstuff packaging: low odour, low swelling and low migration properties.

With this experience, Jaroslaw Wozny, Application Technician and Regional Sales Representative for Poland at Epple Druckfarben AG, presented the migration harmless

BoFood® ink system for foodstuff packaging printing. The high proportion of artificial fatty acid esters as the basis for conventional offset printing inks encouraged the visitors to reflect on the creative possibilities of the BoFood ink series for packaging printing. The ink series comprises a comprehensive package of migration harmless, coordinated Epple printing inks, for both outer and inner side printing of foodstuff primary packaging as well as a corresponding effect finish. "Even though low migration printing is not yet a major focus point in every market, printers increasingly want to know more about the products which can be implemented on its basis. The companies are preparing themselves for the future" as Helmut Fröhlich, Product Manager Packaging at Epple knows well. His workshop helped Epple to fit seamlessly into the progressive conference programme. The topic included the economic and technological development of the Ukrainian printing market with the focus on the packaging printing industry. Thereby, the participants could find out more about packaging production in digital, flexo or offset printing, depending on their interests. Alongside a visit to the Ukrainian Printing Academy combined with interesting workshops, the days were rounded off by numerous cultural highlights.

Jaroslaw Wozny, Application Technician at Epple Druckfarben AG knows the culture of the Eastern European printing market very well and finds it tremendously exciting: "In the last few years we have guided many printing houses to Epple printing inks, and their quality has been the convincing factor. As an Application Technician, I get to experience customer requirements first hand and we can consistently develop solutions mutually for individual printing requirements. And we shall continue to pursue this path, both in packaging as well as commercial printing."
(Epple Druckfarben AG)

Newsgrafik #121612

WestRock Completes Acquisition of KapStone  (Company news)

WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, announced that it has completed the acquisition of KapStone Paper and Packaging Corporation (NYSE:KS).

“I am pleased that we have completed the acquisition of KapStone Paper and Packaging, and I welcome our new teammates to WestRock,” said Steve Voorhees (photo), chief executive officer of WestRock. “The addition of KapStone enhances our differentiated portfolio of paper and packaging solutions and will enable us to serve our customers better across our system. We look forward to delivering on the opportunities that the addition of KapStone provides for our team, our customers and our stockholders.”

The company expects to achieve approximately $200 million in synergies and performance improvements by the end of fiscal 2021 through the integration of the former KapStone operations into WestRock’s corrugated business. The acquisition also strengthens WestRock’s presence on the West Coast of the United States and broadens WestRock’s portfolio of differentiated paper and packaging solutions with the addition of attractive paper grades and distribution capabilities.

WestRock financed the transaction through the issuance of debt from a bank term loan facility, existing credit commitments and cash on hand.

Lazard served as lead investment bank and financial advisor to WestRock. Wells Fargo also acted as a financial advisor to WestRock and is the agent for a syndicate of banks that provided the financing for the transaction. Cravath, Swaine & Moore LLP acted as legal advisor to WestRock, and King and Spalding LLP served as antitrust counsel to WestRock.

Rothschild & Co. and Moelis & Company LLC served as financial advisors to KapStone. Sidley Austin LLP acted as legal advisor to KapStone.
(WestRock Companies)

Newsgrafik #121640

Stora Enso's Lignin Wins IChemE Innovative Product Award  (Company news)

LineoTM by Stora Enso, a lignin-based product launched by the renewable materials company earlier this year, has been awarded ‘Innovative Product Award 2018’ by the Institution of Chemical Engineers (IChemE).

Shortlisted alongside products from a range of companies including Dow and Johnson Matthey, the judges chose Stora Enso as the winner “for creating a new bio-based, sustainable material to replace fossil-fuels used in coatings and adhesives”. IChemE recognised LineoTM as a versatile solution made from lignin, one of the main building blocks of a tree.

LineoTM has applications in a range of areas where fossil-based materials are currently used. A renewable replacement for oil-based phenolic materials, it can be used in resins for adhesives e.g. in plywood, oriented strand board (OSB), laminated veneer lumber (LVL), paper lamination and insulation material. Stora Enso is also researching new uses for LineoTM, including formaldehyde-free binders, carbon fibre and energy storage applications.

Stora Enso has been producing lignin industrially at its Sunila Mill in Finland since 2015 and the mill has a yearly capacity of 50,000 tonnes. The company is the largest kraft lignin producer in the world.

Markus Mannström, Executive Vice President of the Stora Enso Biomaterials division, says, “LineoTM is one of Stora Enso’s key renewable solutions and we are proud that it has, once again, been recognised as an important product by top chemical industry representatives. LineoTM has many potential uses across diverse industries and promotes the optimised use of natural and bio-based resources. At Stora Enso, we continue to believe that everything made from fossil-based materials today, can be made from a tree tomorrow.”
(Stora Enso Oyj)

Newsgrafik #121603

Domtar Quarterly Financial Report: Q3 2018  (Company news)

Our preliminary Domtar quarterly financial report for Q3 2018 is in. Highlights from this third-quarter financial report include:
-Third-quarter 2018 net earnings of $1.57 per share
-Personal Care margin improvement plan expected to result in $25–30 million of annualized benefit
-Hurricane-related impacts of $6 million

Domtar Quarterly Review
Domtar reported net earnings of $99 million ($1.57 per share) for the third quarter of 2018 compared to net earnings of $43 million ($0.68 per share) for the second quarter of 2018 and net earnings of $70 million ($1.11 per share) for the third quarter of 2017. Sales for the third quarter of 2018 were $1.4 billion.

“Our strong performance was driven by accelerating price realizations and margin expansion, particularly, within our Pulp and Paper businesses. Our operations also ran exceptionally well, despite some weather-related outages, with productivity gains across the mill system,” said John D. Williams (photo), president and chief executive officer. “We have strong momentum to close the year on a high note, and the confidence that our Pulp and Paper businesses will enter 2019 in the best position in recent years.”

Commenting on Personal Care, Mr. Williams added, “Escalating raw material costs continue to compress our margins in adult incontinence and baby diapers. As a result, we are accelerating the pace of actions that will improve margins and EBITDA, with a plan that is expected to generate annual benefits of approximately $25 to 30 million, with full effect by the end of 2020. This will include headcount reductions, the permanent closure of our Waco, Texas, facility, and commercial and operational initiatives. The sum of these actions will reduce our cost base and strengthen our long-term competitive position.”

Operating income was $114 million in the third quarter of 2018 compared to operating income of $62 million in the second quarter of 2018. Depreciation and amortization totaled $75 million in the third quarter of 2018.

In the fourth quarter, we expect lower maintenance costs in Pulp and Paper. Paper and Pulp should continue to realize higher prices with our customers following recently announced price increases. Personal Care should benefit from higher volume and our margin improvement efforts while commodity cost inflation is expected to remain at elevated levels.
(Domtar Inc.)

Newsgrafik #121606

New SVP, Consumer Boards, effective December 1st   (Company news)

M.Sc. (Tech.), MBA, Ulrika Kurtén has been appointed Senior Vice President, Consumer Boards, effective from December 1st, 2018.

Kurtén will be responsible for the Consumer Boards business and she reports to CEO Markku Hämäläinen.

Kurtén is switching over to Kotkamills from The Dow Chemical Company´s Sales Director position in USA.

Niilo Pöyhönen, the current SVP, will return to his position as a Member of the Board of Kotkamills Oy. He will also consult the Consumer Boards business for the time being.
(Kotkamills Oy)