1701 K Street, NW
Suite 650
Washington, DC 20006
Andrea Ball,
General Inquires:
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Your annual membership provides you with an array of opportunities that you should take advantage of:
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Discounts on regional lunch programs
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Access to the CCTI resource library, the IdeaBank
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Discounts on job postings in our Career Corner
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Access to the Online Member Directory
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Participation in our members-only LinkedIn Group
Or call: 703.823.7234
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Wishing All of the CCTI Family and Friends,
a Very Prosperous New Year!
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Last Chance! We Want Your Opinion!
Participate in the 2018 Member Survey
Dear Member,
Help us fine tune our programming and benefits for the coming year by January 30th, 2018.
Your participation in this short electronic questionnaire, which will take less than 10 minutes of your busy day but will provide us valuable information and feedback.
If you are unable to give your opinions online, we will be follow up via phone in the next few weeks with those members who have not clicked through and will interview you to get your input.
Again, thank you for helping make the best possible association for your industry! If I can be of personal or professional assistance, my direct contact information is below or feel free to reach out to our staff at
[email protected] or 703-823-7234
Best,
Andrea Ball
CCTI Executive Director
301-335-2715 - mobile
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The Composite Can & Tube Institute's
2018 ANNUAL MEETING
April 16-18, 2018
Philadelphia, PA
Held in tandem with Pack Expo East, the CCTI Annual meeting will offer attendees networking opportunities, educational sessions, a plant tour, a retirement celebration for Emil Kiss! Each registration includes a complimentary Pack Expo East pass.
Reserve your hotel room by March 15th at 215-587-5570 and be sure to refer to the CCTI Room Block. If you have questions, please contact the CCTI office at 703-823-7234 or [email protected].
Mark your calendars and watch for
registration materials coming soon!
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European deliveries of newsprint, SC paper drop in October; CMR, uncoated mechanical paper shipments rise
European shipments of newsprint and supercalendered (SC) paper fell in October, while coated mechanical reels (CMR) and uncoated mechanical paper deliveries increased in the same period, according to the latest statistics from EURO-GRAPH, the European Association of Graphic Paper Producers.
Total European deliveries of newsprint dipped by 1.5% year on year to 645,000 tonnes in October, EURO-GRAPH reported. Shipments to Europe decreased by 5.1% to 497,000 tonnes, while deliveries to outside Europe rose by 13.1% to 148,000 tonnes.
Total European shipments of SC paper plummeted by 6.8% on a year-on-year basis to 325,000 tonnes in October, with those to Europe falling by 3.3% to 277,000 tonnes and those to non-European destinations sinking by 22.6% to 48,000 tonnes.
European deliveries of CMR rose by 6.1% year on year to 557,000 tonnes in October. Deliveries to Europe increased by 5.8% to 442,000 tonnes in the period, while those to outside Europe accelerated by 7.1% to 116,000 tonnes.
Total European shipments of uncoated mechanical paper increased by 3.1% year on year to 212,000 tonnes in October. While shipments to Europe rose by 7.1% to 180,000 tonnes during the period, deliveries to non-European destinations sank by 15.0% to 32,000 tonnes.
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Monday Economic Report
The Bureau of Economic Analysis said that the U.S. economy grew by an annualized 3.2 percent in the third quarter, down marginally from the previous estimate of 3.3 percent. Of course, the bottom line is that the U.S. economy has expanded for two straight quarters by at least 3 percent, and if the current forecast holds, that streak should extend to three consecutive quarters. My current forecast is for 3.5 percent real GDP growth in the fourth quarter, with 2.3 percent growth in the U.S. economy for 2017 as a whole. This is a slight improvement from the 2.1 percent average growth rate seen since the Great Recession, but I am also estimating 2.8 percent growth for 2018. With the passage of comprehensive tax reform and other pro-growth policies, I continue to believe that there is upward potential in that outlook for next year, especially as firms increase their investments.
Consumers continue to be one of the bright spots in the economy, and Americans have accelerated their purchasing of late, which is helping to boost overall holiday sales this year. Indeed, personal spending was up strongly in November, up 0.6 percent, with 4.5 percent growth over the past 12 months. In November, nondurable goods spending rebounded, up 1.2 percent, with durable goods purchases unchanged in the latest data. Goods spending for durable and nondurable goods were up 5.4 percent and 5.0 percent year-over-year, respectively. As a result of the latest uptick in spending, the savings rate has fallen to a 10-year low, down from 3.2 percent in October to 2.9 percent in November. Moreover, the University of Michigan and Thomson Reuters reported that consumer confidence pulled back for the second straight month. Yet, Americans remain mostly upbeat in their outlook overall, especially relative to their sentiment one year ago.
Courtesy of Chad Moutray, Ph.D., CBE
Chief Economist, National Association of Manufacturers
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INDUSTRY NEWS
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Graphic Packaging completes combination with International Paper's North America consumer packaging business
Graphic Packaging Holding Company has completed the combination of Graphic Packaging's existing businesses with International Paper's North America Consumer Packaging business. Graphic Packaging owns 79.5 percent of the combined company and will be the sole manager. International Paper will own 20.5 percent of the combined company. Graphic Packaging has assumed $660 million of International Paper debt and concurrently has amended and restated its senior secured credit agreement.
There is no change to Graphic Packaging's current Board of Directors or leadership team. International Paper has a 2-year lock-up on the monetization of their ownership interest and cannot purchase GPK shares for a period of 5 years, subject to limited exceptions.
On a combined basis, Graphic Packaging is now a leading integrated paper-based packaging company with approximately $6 billion of projected revenue and approximately $1 billion of projected EBITDA post-synergies. Graphic Packaging is one of the largest producers of folding cartons and paper-based foodservice products in the United States, has strategic folding carton and foodservice converting positions globally, and holds leading market positions in solid bleached sulfate paperboard, coated unbleached kraft paperboard and coated-recycled paperboard.
"We are excited to close this transformative transaction at the start of the new year, and the timing reflects the significant effort of both Graphic Packaging and International Paper employees," said President and CEO Michael Doss. "We are very enthusiastic about the platform for future growth created by this combination and expect the transaction will significantly increase our mill production and converting scale. The combination meaningfully increases our exposure to the growing foodservice market, provides significant runway to realize synergies, and will drive strong financial results."
"The $75 million in synergies is compelling and will be driven by cost reductions, increased paperboard integration, and procurement and mill efficiencies."
"We welcome the talented employees of International Paper into Graphic Packaging, and look forward to delivering significant value from this transaction to our customers, employees, and shareholders in 2018 and beyond."
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ENVIRONMENTAL
Bio-Pappel included in WWF's Environmental Paper Company Index for sixth consecutive year
Mexico's largest paper and packaging producer Bio-Pappel has been included in the World Wildlife (WWF)'s Environmental Paper Company Index for the sixth consecutive year.
WWF's Environmental Paper Company is a biannual ranking of international companies that promote transparency and continuous improvement in the paper industry.
WWF included Bio-Pappel in its 2017 Index due to transparency and leadership in its operations and for best environmental management practices within its business groups and in its product lines of packaging, newsprint and writing paper.
Bio-Pappel produces around 2 million tonnes/yr of corrugated board packaging, recycled bond paper, paper bags, and newsprint.
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Industrial Paper Tube, Inc.,
Industrial Paper Tube, Inc., located in Bronx, NY, is a paper tube and spool company for sale.
Spiral and convolute machinery for manufacturing 3/8 inch in diameter to 60 inch in diameter."
Please contact Howard Kramer at 718-893-5000 for prices and more information.
Industrial Paper Tube, Inc.
1335 East Bay Avenue
Bronx, NY 10474
Phone: 1-800-345-0960
Fax: 718-378-0055
Email:
[email protected]
Link
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YOU NEED TO ADVERTISE WITH CCTI!
The CanTube Bulletin offers an excellent marketing opp
ortunity for companies in the tube, core and composite can industry.
The CTB is published online on a bi-weekly. and our distribution list consists of all CCTI members and their employees.
Monthly ads are $50 or an annual commitment is $500 for 12 issues. For more information call the office or email us at...
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