Verso Announce Price Increase for Ideal® Uncoated Freesheet Products
Effective with all new and existing orders with confirmed delivery dates of May 19, 2018 or later, Verso Corporation is increasing the transaction price of all Uncoated Freesheet Grades, including but not limited to: Ideal® Offset; Ideal® Reply Card; Ideal® Enhanced Tablet; Ideal® Tablet. The increase applies to all basis weights, bulks, finishes and related private label grades.
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Koehler Paper Has Launched a Feasibility Study for Wind Energy in the Rhine Port of Kehl
Koehler Paper and Badische Stahlwerke (BSW), a steel producer, have teamed up with the Rhine port of Kehl to study the feasibility of harvesting wind energy at the port facilities. They hope to find out if building wind turbines is a feasible solution to suppling their own energy at the companies' sites in Kehl. Energy cost in Germany have risen drastically in the last two years – a huge challenge for energy intensive companies like Koehler Paper and Badische Stahlwerke, especially given the intense international competition faced by both companies. At the same time, both companies need to source a significant quantity of electricity from renewables to meet the climate goals of the German national government and the government of the state of Baden-Württemberg, as well as the self-imposed climate goals of the companies themselves. A species protection assessment and an environmental impact study have already been commissioned. Wind measurements are now scheduled to start in June. The feasibility study also includes an analysis of noise emissions and economic viability. The feasibility study is scheduled to last through the summer of 2025, and should indicate whether the site is suitable for wind turbines.
Kimberly-Clark Announces First Quarter 2018 Results
Sales of $4.7 billion in the first quarter of 2018 were up 5 percent compared to the year-ago period. Changes in foreign currency exchange rates benefited sales by 3 percent. Organic sales improved 2 percent, as volumes increased 3 percent while net selling prices were down 1 percent. In North America, organic sales increased 3 percent in consumer products and 2 percent in K-C Professional. Outside North America, organic sales rose 2 percent in developed markets and 1 percent in developing and emerging markets. First quarter operating profit was $247 million in 2018 and $848 million in 2017. Results in 2018 included $577 million of charges related to the 2018 Global Restructuring Program. First quarter 2018 adjusted operating profit was $824 million. Results were impacted by $175 million of higher input costs, driven by a $105 million increase in pulp and a $45 million increase in other raw materials. The operating profit comparison was also affected by lower net selling prices. Click Read More below for additional information.