Key Currency Exchange Rates for Friday, 7/05/24
American Dollar to Canadian Dollar = 0.734658; American Dollar to Chinese Yuan = 0.137626; American Dollar to Euro = 1.082254; American Dollar to Japanese Yen = 0.006217; American Dollar to Mexican Peso = 0.055351.
https://www.x-rates.com/table/?from=USD&amount=1.00
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Sun Chemical Acquires PPG’s Metal Deco Ink Business
Sun Chemical has acquired the Metal Deco ink business of PPG, a US-based global supplier of paints, coatings and specialty materials. PPG, with a well consolidated portfolio, and Sun Chemical are both long standing players in the metal packaging industry. Through the acquisition, which reflects Sun Chemical’s strategy to grow by acquiring businesses that complement areas of its existing operations, Sun Chemical will expand both its operational territories and its overall position in the global Metal Deco market. By combining PPG’s complementary portfolio of Metal Deco products with those of Sun Chemical, customers will benefit from further innovative solutions and what will be the widest ink portfolio in the metal decoration market. Click Read More below for additional information.
American Forest & Paper Association Applauds Initial US-EU Trade Deal
The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock, representing U.S. pulp, tissue, paper, and paper-based packaging manufacturers, today issued the following statement:
“AF&PA appreciates the U.S. government’s engagement in securing an initial EU trade deal that will advance reciprocal, fair and balanced trade between our two economies. As non-tariff trade barrier negotiations continue – and to further support U.S. forest product producers' ability to continue shipping over $3.5 billion in essential products to the EU – we urge the Administration to secure a U.S. exemption from the EU Deforestation Regulation (EUDR).
“As recognized by USTR’s April National Trade Estimate Report, EUDR in its current form fails to recognize the realities of robust sustainable forest management (SFM) systems in the United States. Although the United States is not a source of global deforestation concerns, it is subject to many of the same burdensome obligations as countries with high deforestation risks. EUDR’s key compliance barrier, strict geolocation traceability, constitutes a significant non-tariff trade barrier, especially given the nature of U.S. pulp & paper supply chains.