Displaying items by tag: packaging
Stora Enso successfully completes tap of two five-year SEK bonds
Stora Enso has today successfully tapped its two five-year bonds due in June 2017. Both bonds are issued under Stora Enso’s EMTN (Euro Medium Term Note) programme.
The SEK 1 350 million bond that pays a floating coupon of three-month Stibor plus 390 basis points was tapped with SEK 850 million of new notes issued with a yield of Stibor + 3.70% at a price of 100.866. The settlement date of the transaction is 3 September 2012. Following the tap, a total of SEK 2 200 million of the bond is outstanding.
The SEK 350 million 5.75% fixed coupon bond was tapped with SEK 150 million of new notes issued with a 5.57% yield at a price of 100.719. The settlement date of the transaction is 3 September 2012. Following the tap, a total of SEK 500 million of the bond is outstanding.
Sole arranger and bookrunner for these transactions was Skandinaviska Enskilda Banken AB (publ) (SEB).
“The tap was made to strengthen Stora Enso’s liquidity even further. We last issued Swedish krona bonds in June 2012, and we have now decided to benefit from the continuing strong demand from Swedish investors,” says Jyrki Tammivuori, SVP, Group Treasurer.
DS Smith PLC Pre-close trading update
DS Smith Plc, the international packaging manufacturer and office products wholesaler, today issues the following trading update ahead of its full-year results announcement for the year to 30 April 2010.
DS Smith Group
The Group’s trading performance in the second half of 2009/10 has been slightly ahead of management’s expectations at the time of the Interim Management Statement (IMS) issued on 4 March 2010. The Group’s profits have been underpinned by the steps taken to reduce costs, raise productivity and generate cash, but in recent months we have also benefited from higher than expected sales, particularly in Office Products.
We continue to be faced by the uncertainty surrounding the strength of economic recovery and the ongoing need to recover rising input costs. Nevertheless, business performance remains encouraging.
In our First Half statement issued in December 2009, we advised that exceptional cash restructuring costs of £4.5 million would be incurred in the year. We now expect there to be an additional £9 million of non-cash exceptional costs, representing the impairment of the carrying value of certain assets within the Group.
Packaging
As noted in our March IMS, demand for corrugated packaging in the European market is recovering, although it is still below the level at this time in 2008. Input costs, predominantly for waste paper, continue to increase. In response we have implemented further corrugated
case material (CCM) and box price increases. We expect the usual delay in the timing of the recovery of these higher costs and it will be into our next financial year before full recovery is achieved.
Plastic Packaging has continued to achieve the better profits noted in the first half; benefiting from restructuring and sales into new markets.
Office Products Wholesaling Demand for office products across our markets has been significantly affected by last year’s slowdown in the European economy. Nevertheless, Spicers sales have been better than expected. The actions taken in the UK business have improved its performance and this is now reflected in the results. The profits for this Division in total are expected to be broadly in line with last year.
Appointment of new CEO
As confirmed on 15 April, Miles Roberts will be joining the Company as Group Chief Executive on 4 May and Tony Thorne will step down from the Board on the same date.The Group plans to announce its preliminary results for the financial year to 30 April 2010 on 24 June 2010.
Enquiries
DS Smith Plc +44(0)1628 583 400
Tony Thorne, Group Chief Executive
Steve Dryden, Group Finance Director
Liz Christie, Group Investor Relations Manager
Financial Dynamics +44(0)20 7831 3113
Andrew Dowler
Mondi announces price increase of 5-12% for uncoated fine paper
Mondi, a global leader in the manufacturing of paper and packaging products, has announced a price increase on all uncoated fine paper grades in cut-size, folio, and reels effective June 1st, 2010. The price increase will range from 5-12% and will differ according to grade, country and current price level.
The increase will be implemented in all markets on invoices issued from June 1st, 2010 onwards.
About Mondi Uncoated Fine Paper
Mondi Uncoated Fine Paper is a leading manufacturer of paper for office and graphic uses. It has production centres in five countries and sales offices all over the world. The product range not only includes paper for use in offices but also for digital-printing, preprint and offset applications. Among the best known brands are Color Copy, Europe's leading colour laser paper, Snegurochka, IQ, MAESTRO®, BIO TOP 3® and NAUTILUS®.
For Mondi, sustainable development is one of the most important strategic company guidelines. The Green Range product family that was started in 2006 consists entirely of FSC (Forest Stewardship Council) certified papers from well-managed forests, TCF (totally chlorine free) papers or 100% recycled papers.
About Mondi:
Mondi is an international paper and packaging company, with production operations across 31 countries and revenues of €5.3 billion in 2009. The Group’s key operations are located in western and emerging Europe, Russia and South Africa and employed 31,000 people on average in 2009.
Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging papers into corrugated packaging and industrial bags.
The Group is principally involved in the manufacture of uncoated fine paper (UFP), packaging paper and converted packaging products, as well as speciality products.
Mondi is a dual listed company, with primary listings on the Johannesburg and London stock exchanges under the ticker codes MND (JSE) and MNDI (LSE) respectively. The Group has been recognised for its sustainability performance through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008 and 2009 and the JSE’s Socially Responsible Investment (SRI) Index in 2007, 2008 and 2009.
Jolene Pozniak
Communications Manager
Uncoated Fine Paper – Europe & International
Mondi
Kelsenstraße 7, 1032 Vienna, Austria
Tel: +43 1 790 13 5663
Fax: +43 1 790 13 5715
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.mondigroup.com
Sonoco's Board Declares Increase in Common Stock Dividend
Cash Dividend Raised for the 28th Consecutive Year
The Board of Directors of Sonoco yesturday declared a $.28 per share quarterly common stock dividend, an increase from the previous quarterly dividend of $.27 per share. The dividend will be payable June 10, 2010, to shareholders of record as of May 14, 2010.
According to Harris E. DeLoach Jr., chairman, president and chief executive officer, this is the 28th consecutive year that Sonoco has increased common stock dividends and 340th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. If annualized, Sonoco's new dividend is projected to increase from $1.08 to $1.12 per share, an increase of 3.7 percent. The projected annual dividend of $1.12 per share would provide a yield of approximately 3.4 percent, based on the Company's closing stock price of $33.00 as of April 20, 2010.
About Sonoco
Founded in 1899, Sonoco is a $3.6 billion global manufacturer of industrial and consumer products and provider of packaging services, with more than 300 operations in 35 countries, serving customers in some 85 nations. Sonoco is a proud member of the Dow Jones Sustainability World Index. For more information on the Company, visit our Web site at www.sonoco.com
SOURCE: Sonoco
Sonoco
Roger Schrum, 001-843-339-6018, This email address is being protected from spambots. You need JavaScript enabled to view it.
New issue of Heidelberg News
Lean manufacturing - getting fit to combat the recession 
While some branches of industry are already seeing the light at the end of the tunnel, the consequences of the financial crisis are still very much in evidence in the printing industry. This being the case, it is more important than ever to optimize and ensure the sustainability of cost-effective print shop operation. The key is to streamline core production equipment to achieve maximum benefits and to avoid waste wherever possible.
In the latest issue of its customer magazine, Heidelberger Druckmaschinen AG highlights why effective lean manufacturing is a good way of combating the recession. For instance, Heidelberg News No. 269 takes the example of the French print shop Baudat to demonstrate how a Speedmaster SM 74 can be used for efficient and eco-friendly production of high-quality print media. In addition, the magazine reports how, thanks to a visit from the Pope and its highly productive Speedmaster XL 105, Slovakian print shop i + i print is leading the way on a fiercely competitive market. Readers will also discover how Norwegian print shop Moltzau Plasttrykk has practically reinvented itself, emerging from its worst ever crisis as one of the country's leading packaging printers.
Another article describes the efficiency improvements that packaging printers can achieve with the new Dymatrix 106 Pro CSB. Heidelberg News also investigates how Heidelberg Systemservice provides an effective response to the totally unexpected breakdown of such a highly reliable die cutter at Faltschachtelwerk Hammer-Lübeck. Last but not least, it takes a look at the successful web-to-print business of German company printoo GmbH and asks the sprightly typography legend Kurt Weidemann about the purpose of this art form in modern times.
The current issue also includes a 20-page supplement with information about the innovations that Heidelberg will be showcasing at IPEX 2010 (May 18 - 25 in Birmingham, U.K.).
Issue 269 of Heidelberg News is available now. Copies for your own use can be ordered under www.heidelberg-news.com or requested by e-mailing This email address is being protected from spambots. You need JavaScript enabled to view it. or faxing +49 (0)6221 92 50 42.
For further information, please contact:
Heidelberger Druckmaschinen AG
Corporate Public Relations
Dirk Henrich
Phone: +49 (0)6221 92 59 10
Fax: +49 (0)6221 92 50 96
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Sonoco to Host First Quarter 2010 Investor Conference Call
Sonoco (NYSE: SON), one of the largest diversified global packaging companies, will host its regular quarterly investor conference call on Thursday, April 22, 2010, at 2 p.m. Eastern time, to review its financial results for the first quarter of 2010. Participants from Sonoco will include Harris E. DeLoach, Jr., chairman, president and chief executive officer, Charles J. Hupfer, senior vice president and chief financial officer, and Roger P. Schrum, vice president, investor relations and corporate affairs. Sonoco intends to issue a news release reporting its first quarter 2010 financial results at 7:30 a.m. Eastern time on April 22, 2010.
The live investor conference call webcast can be accessed via the Internet at http://www.sonoco.com, under the "Latest News" section. Those planning to participate should plan to connect to the live webcast at least 10 minutes prior to the start. Those interested in participating in the live interactive call should contact Sonoco Corporate Communications at +843-383-7794 to register. A telephonic replay of the call will be available starting at 2 p.m. Eastern time to U.S. callers at 888-286-8010 and international callers at +617-801-6888. The replay passcode for both U.S. and international calls is 46903446. The archived call will be available through April 29, 2010.
Live Audiovisual Webcast of Annual Shareholders' Meeting
Sonoco will conduct a live audiovisual webcast of its Annual Shareholders' Meeting on Wednesday, April 21, 2010, which will include a "state of the company" slide presentation by Mr. DeLoach. The live webcast will be available in a listen-only mode on the Internet beginning at 10:55 a.m. Eastern time, with the meeting beginning at 11 a.m. The live webcast of the annual meeting can be accessed at http://www.sonoco.com. The webcast will be archived on the Investor Information section of Sonoco's Web site for 12 months.
About Sonoco
Founded in 1899, Sonoco is a $3.6 billion global manufacturer of industrial and consumer products and provider of packaging services, with more than 300 operations in 35 countries, serving customers in some 85 nations. For more information on the Company, visit our Web site at http://www.sonoco.com.
SOURCE: Sonoco
Sonoco
Roger Schrum, 843-339-6018
This email address is being protected from spambots. You need JavaScript enabled to view it.
Mondi leads the way in “Going Digital” as host of the Digital Specialist Forum
Mondi, a global leader in the manufacturing of paper and packaging, will host the Digital Specialist Forum (DSF) on April 15, 2010, offering customer-representatives an opportunity to enhance their knowledge of the rapidly burgeoning digital print market. Industry experts will convene in Vienna for this day-long event to discuss current and upcoming printing and paper trends, machine technology, and print quality features.
The DSF agenda includes key training sessions designed to impart knowledge and create discourse about digital market trends, digitally suitable papers, various printing technologies, and print quality know-how. According to Johannes Klumpp, Marketing and Sales Director of Mondi Uncoated Fine Paper, “The key to growth in the digital print market will be the understanding and utilization of variable data printing, and education is needed across the board for paper sales, print sales, print buying and print execution.” CEOs, top Marketing Directors and Marketing agency representatives will be among the participants taking part in discussions about key topics such as Transpromo, the future of printed communication media in the face of new online media, and the effects of digital printing on the paper market.
Among the speakers presenting at the DSF, Andreas Weber, founder of the “DigitaldruckForum” and CEO of Value Communication will deliver the keynote address. The list of guest speakers invited to take part in the DSF podium lectures and roundtable discussions includes internationally recognized entrepreneurs and innovators active across Europe and the globe.
In response to the current industry trends, Wolfgang Kropiunik, Head of Marketing Uncoated Fine Paper contends, “Digital printing is a rapidly growing market. Mondi recognizes this and we are developing our technology and product portfolios in tandem with the evolving digital print industry. Our paper and printing expertise can be seen in our new Digital SRA3 Product Sample Folder, which showcases the high quality print results from Mondi’s Digital Printing Paper Portfolio.”
The digital printing papers by Mondi can be used on all modern printing machines and come in the most important digital formats. They are tested and enhanced for toner and ink-jet, for sheet-and continuous feed and will – together with the printers’ skills – yield the benefits of digital printing: small print runs, print-on-demand and variable data applications to create highly customized print materials. Part of the Green Range product family, these papers are Forest Stewardship Council (FSC) certified, totally chlorine free, or 100% recycled.
A complete overview of Mondi’s digital product portfolio and its environmental accreditations can be found at: www.mondigroup.com/digitalprinting. For further details and information about the speakers at the Digital Specialist Forum, please visit: www.mondigroup.com/digital-specialist-forum
Innventia welcomes the new Partner Customer Brødrene Hartmann A/S
Moulded fibre packaging company Brødrene Hartmann A/S has decided to extend its operations in the Innventia Cluster Research Programme for 2010 and 2011 by signing a Partner Customer agreement. The company has participated as a so-called Invitee in the Wood-derived Renewables cluster and the forerunning New Fibres New Materials cluster for many years.
– We are very happy to welcome Brødrene Hartmann as a Partner customer. This agreement is yet another example of the Cluster Research Programme attracting companies in new categories outside the traditional pulp and paper industry. Brødrene Hartmann, a packaging company offering products based on renewable raw materials, will make a valuable contribution to the Programme, says Anders Pettersson, Senior Vice President Research at Innventia.
– We are looking forward to our extended cooperation and expect to gain a lot value from it, says Tomas Schou Winther, Director, R&D and Sustainability at Brødrene Hartmann A/S.
With this Partner agreement, Brødrene Hartmann is now one of 21 companies participating in the long-term research work at Innventia called the Cluster Research Programme 2009-2011. The volume of this programme is approx. SEK 100 million per year and each company has signed a 3-year contract (minimum). Sharing the investment costs in R&D, the participating companies reduce their risks and benefit many times over from the investment.
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Marianne Lockner
Manager, PR & Communication
INNVENTIA AB
Visit: Drottning Kristinas väg 61
Mail: Box 5604, SE-114 86 Stockholm, Sweden
Tel: +46 8 676 7000 (7311)
Mobile: +46 768 76 7311
Fax: +46 8 411 55 18
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.innventia.com
INNVENTIA – Boosting business with science
International Paper to Release First Quarter 2010 Earnings on Thursday, April 29
International Paper will release first quarter 2010 earnings on Thursday, April 29, before the opening of the New York Stock Exchange. The company will host a webcast to discuss earnings and current market conditions at 10 a.m. EDT (9 a.m. CDT) that day.
All interested parties are invited to listen to the webcast via the company's Internet site at http://www.internationalpaper.com by clicking on the Investors tab and going to the Webcasts and Presentations page. A replay of the webcast will also be on the Web site beginning approximately two hours after the call.
Parties who wish to participate in the webcast via teleconference may dial +1 (706) 679-8242 or, within the U.S. only, (877) 316-2541, and ask to be connected to the International Paper First Quarter Earnings Call. The conference ID number is 65909520. Participants should call in no later than 9:45 a.m. EDT (8:45 a.m. CDT). An audio-only replay will be available for four weeks following the call. To access the replay, dial +1 (706) 645-9291 or, within the U.S. only, (800) 642-1687, and when prompted for the conference ID, enter "65909520."
About International Paper
International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, and complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs more than 56,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were approximately $23 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.
SOURCE International Paper
Sonoco Receives Outstanding Merchandising Achievement Awards
Sonoco one of the largest diversified global packaging companies, today announced that its retail point-of-purchase (P-O-P) display and packaging services business won eight Outstanding Merchandising at Retail Achievement Awards (OMAs) at the 52nd Annual Point of Purchase Advertising International (POPAI) competition.
POPAI's annual OMA competition recognizes the most innovative and effective retail promotions. Judges from the P-O-P industry evaluated more than 450 entries from 100 companies in 26 industry categories during a two-phase selection process in determining the winners. Entries were judged on design, innovation, interactivity and the proven ability to lift sales.
"Being recognized for excellence by your peers is gratifying. However, it really speaks to the effectiveness of Sonoco's talented retail merchandising team's ability to effectively communicate our understanding of the power of marketing at retail for our global customers," said Gerson Heiderich, division vice president/general manager, Sonoco CorrFlex.
Sonoco won Gold OMA awards for its BIC Create-A-Pack Mark-it(R) Permanent Marker Display for Staples, Novartis Consumer Health Prevacid(R)24HR Launch Displays and The Scotts Miracle-Gro Company Pallet Bridge Displays for Lowe's. The Company also won a Silver OMA for its Elizabeth Arden Ornaments Counter Display for CVS. Four Bronze OMAs were won for Cadbury Adams USA Halls(R) National Display Program; Elizabeth Arden CVS Holiday Fragrance Tower Display; Procter & Gamble Pampers(R) Mixed Wipes 3X Floorstand Display; and Cadbury Adams USA Halls(R) 8+2 Permanent Counter Display.
Photos of these award-winning displays are available at the following link: http://www.box.net/shared/yo7fgh8h74