Displaying items by tag: market

Sonoco one of the largest diversified global packaging companies, today announced that its 2009 Annual Report to Shareholders is now available on the Company's Web site at www.sonoco.com, in the "Investor Relations" section. The annual report entitled, "Lean, Fit and Ready to Grow," reviews Sonoco's financial performance in 2009 while highlighting how Sonoco has leaned its cost structure, further reduced debt to create one of the fittest balance sheets in the Company's history and continued to focus on growth.

"Clearly, 2009 was one of the most difficult, and yet one of the most rewarding years for Sonoco. The continuation of the deepest global recession in decades significantly impacted volumes Companywide, particularly in our businesses which serve industrial markets," Harris E. DeLoach, Jr., chairman, president and chief executive officer, wrote in his letter to shareholders in the 2009 Annual Report.

"In response we moved quickly to lean our business by sizing our manufacturing footprint to meet the new market realities of our served markets. In addition, we realigned our businesses and streamlined our management organization. By proactively 'managing the guts' of our business, we significantly reduced costs, achieved record productivity and improved annual gross profit margins to the highest level since 2007."

Throughout the 2009 Annual Report, case studies are outlined that illustrate Sonoco's strategy and successes during the year, including: the "game changing" Flavor Lock Lid and new composite paperboard can that Sonoco produces for Kraft Foods' Maxwell House coffee; Sonoco's successful packaging services and growth in Wroclaw, Poland; and Sonoco Recycling, Inc.'s growth in residential recycling in the Southeast United States.

Sonoco has mailed the 2009 annual report and proxy statement to its shareholders in preparation for its annual meeting, which will be held on Wednesday, April 21, 2010, at the Center Theater, 212 North Fifth Street, Hartsville beginning at 11 a.m. Eastern Time. For those unable to attend the meeting in person, a live 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. The meeting webcast also will be archived on the "Investor Relations" section of Sonoco's Web site.

SOURCE: Sonoco

Sonoco
Roger Schrum, 843-339-6018
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Published in European News
Monday, 15 March 2010 11:39

Marketing Department

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Published in Advertisment
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At this year's IPEX trade show in the U.K. city of Birmingham from May 18 to 25, 2010, Heidelberger Druckmaschinen AG (Heidelberg) will be showcasing the latest developments in its product and service portfolio. The company's stand in Hall 8 will focus on current market trends such as lean, environmentally friendly production for print shops. "Our aim is to ensure that our customers are well positioned to face future challenges, and we will work with them to develop and successfully implement new business options in a changing environment," stated Heidelberg CEO Bernhard Schreier.

* New products and services put print shops in an excellent position for when the economy picks up again
* Focus on solutions for new business options
* Heidelberg views IPEX as a trend barometer for the printing industry in 2010
* Initial signs of macroeconomic recovery in parts of the world

Heidelberg still offers the best price-performance ratio in the industry thanks to numerous prepress, press, and postpress innovations combined with the integration of all process steps. The successful entry of Heidelberg into the large-format sector in 2008 underlines the fact that innovations and, above all, greater customer benefits are the driving forces behind investments in the industry. "For Heidelberg, IPEX is a trend barometer and also an opportunity for the printing industry in 2010," said Schreier.

Despite initial positive signs in some parts of the world, it is still too soon to anticipate a significant turnaround in the economy in the near future. "Companies who invest in new technologies and new areas of business now, though, will be well positioned for the future," stated Schreier. Heidelberg would be using the trade show to continue redefining parts of the market with further innovations, he said. "Our customers expect us to boost their competitiveness with the latest technologies and a comprehensive service portfolio. We will definitely meet their expectations at IPEX," he stressed.

Heidelberg provides local support for its customers with a wide range of services that pave the way for sustainable business success. "We will also optimize and expand our range of products and services," stated Schreier. The digital printing was a market segment with excellent prospects that customers would increasingly add to their portfolios and for which Heidelberg was looking for a suitable partner, he explained. "We have the ideal service and logistics network for this, which gives us a clear competitive edge," Heidelberg's CEO stated. He added that the two technologies were predicted to successfully continue side by side on the future market.

Schreier also underlined that it was vital not to ignore the structural changes in the industry, but to adapt to them. He added that the global print volume of just under EUR 400 billion was an encouraging sign for the development of the market and that, when the economy picked up again, commercial printing would recover too and lead to new investments in this offset market segment. Packaging printing has enjoyed greater stability during the crisis and offers growth potential for Heidelberg. "We have systematically geared our range of products and solutions to the requirements of our customers in both market segments and ensured that they represent the state of the art. This makes us confident that both our customers and our companies are extremely well positioned for the recovery to come," concluded Schreier.

For further information:
Heidelberger Druckmaschinen AG
Corporate Public Relations
Thomas Fichtl
Phone: +49 (6221) 92 5900
Fax: +49 (6221) 92 5069

E-Mail:

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Monday, 22 February 2010 14:00

Newpage Press Release

NewPage announced results of operations for the fourth quarter and full year today. It is clear that the company has very serious financial issues, but this does not make NewPage unique in our industry. We won't speak directly to the financials; that is not our area of expertise.

Downtime Reported: Other than the financials, there were a few other items of interest. The company reported that it took 515,000 tons of market related downtime in 2009. See below.

During 2009, we took approximately 515,000 tons of market-related downtime that included the indefinite shutdown of two paper machines one in Rumford, Maine and one in Whiting, Wisconsin," said Suwyn. "We believe inventories have now essentially bottomed out through the mill and printer system, and we have seen some rebound in orders over the past couple of months that have allowed us to restart production on these machines. While a couple of months do not make a trend, our customers indicate print advertising appears to be in the early stages of recovery.

It sounds as if the two indefinitely idled machines have re-started, but I don't believe this has been in the news, so perhaps the press release simply refers to the elimination of other market related downtime.

Still on the same subject, we assume that the uncoated free sheet being produced on coated free sheet machines does not count in this 515,000 tons of downtime. We estimate that more than 200,000 tons of this substitute grade was shipped in 2009. Therefore, the actual shortfall in coated demand for NewPage last year might be over 715,000 tons.

Black Liquor: The final black liquor benefit for NewPage was $304 million. According to NewPage the greatest benefactors of this obscene subsidy were the coated paper buyers.

As previously reported, the U.S. Internal Revenue Code allowed a refundable excise tax credit for alternative fuel mixtures produced for sale or for use as a fuel in a trade or business. This credit expired on December 31, 2009. Income recognized for the credit is included in net income (loss) attributable to the company and totaled $90 million for the fourth quarter of 2009 and $304 million for the full year 2009. We believe that generally the industry passed on most of the benefits of the alternative fuel mixture credit to customers in the form of lower sales prices.

There is no factual basis for this NewPage claim. It creates additional credibility problems for the company.

As we have previously discussed, coated producers that did not benefit from the subsidy continued to operate in 2009. If some of these mills had closed due to prices falling below variable costs, at the same time the subsidized producers continued operating, this would have been evidence that at least some of the subsidy was passed on to buyers. Then if prices increased in 2010 after the subsidy expired, this too would have been evidence that buyers benefited from the subsidy. Neither of these events occurred. The NewPage claim is simply not true.

New NewPage President : Tom Curley was announced as the President and CEO of the company earlier this month. NewPage provided Mr. Curley's background in the press release.

Curley holds an associate degree in Aeronautical Engineering from Daniel Webster College in Nashua, New Hampshire, and a Bachelor of Science degree in Industrial Technology from the University of Massachusetts at Lowell. Beginning his career with General Electric Company, he later joined Caterpillar Inc., Cooper Cameron Corporation, and Rolls-Royce plc. During his career, he has progressed through increasingly responsible roles and, prior to joining NewPage, Curley served as president of the Rolls-Royce Energy business.

Anti-Dumping Duties : The trade action (sponsored by NewPage and several partners) against U.S. imports of Chinese and Indonesian coated free sheet "sheets" has generated some activity lately. The Dead Tree Edition reported here that a group of environmental organizations are warning printers away from the Chinese imports. At the same time, a group called Save Printer Jobs is lobbying against the trade action.

The effort to halt Chinese imports did not stop at our border. An announcement was made today that an organization of fine paper producers in Europe has launched a probe against the Chinese for dumping coated paper in Europe. This is going to add to international tensions.

The U.S. coated trade issue was the subject of a detailed report in our December Reel Time. It is a very complicated problem. The Chinese probably are dumping paper unfairly and illegally. On the other hand, the black liquor subsidy, and numerous other business subsidies, take away our right to complain.

Published in North American News
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Bonn. Prof. Dr.-Ing. E.H. Hans-Olaf Henkel, the former president of the BDI, will be speaker at the 13th International Recovered Paper Conference. Known as the central event in this line of business in Europe, it is held by the bvse e.V. – the Federal Association for Secondary Raw Materials and Disposal, on 29 April 2010 in Düsseldorf. Henkel´s speech is targeting at the question: What does the financial crisis mean for globalisation, SMEs and society?"

The markets for recovered paper have been facing difficult times during the last 12 months, but against the call of the toad, the recovered paper market has fought and has held its ground honorably. Furthermore: It has proofed to be a professional crisis manager and it has provided for the vitally needed quantity balance in the market once more.

The 13th International Recovered Paper Conference aimes to give answers to the question what new challenges the market participants have to rise to. Therefore more than 500 experts from all over the world are meeting at the Maritim Airporthotel in Düsseldorf on 29 April 2010.

Read More here....>

Download the registration form here...>
Download the Programme here....>
Hotel Bookings here....>

Published in Exhibitions