Source: The Paper Stock Report / Paper Recycling Online
The Chinese government claims its mandated closure of hundreds of small, independent paper mills is due to the pollution caused by these mills. Is that the real reason, or is the government squashing small business to the advantage of giant, publicly traded paper making corporations?
May 10, 2011
Double digit growth in revenue and net income for China’s Orient Paper Inc. was partially attributed to the government’s crackdown on small mills. Orient Paper, a leading manufacturer and distributor of diversified paper products in northern China, said first quarter revenue increased 25.6 percent year-over-year to $33.2 million and gross profit increased 60.6 percent year-over-year to $7.8 million, with gross margin of 23.4 percent. Net income increased 55.2 percent year-over-year to $4.9 million.
"Our double digit growth in revenue and net income during the first quarter of 2011 was largely due to higher selling prices resulting from factors related to inflation on commodity costs in China and strong market demand and a supply shortage caused by the government-mandated closure of smaller paper manufacturers in the second half of 2010," said Zhenyong Liu, chairman and CEO.
Due to the loss of an old corrugating medium paper production line since June 2010 to make room for the new production line under construction, revenue from corrugating medium paper amounted to $8.5 million in the first quarter of 2011, representing a decline of 10.5 percent compared to $9.5 million in the year ago period.
Despite a decrease of 9,139 tons in total quantity sold, ASP for corrugating medium paper rose 26.6 percent from $304 per ton in the first quarter of 2010 to $385 per ton in the first quarter of 2011 as a result of increasing customer demand and regional shortage in supply of paper products, caused by government mandated closures of other smaller paper manufacturers Orient said.
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Wednesday, May 25, 2011
Amazon now selling more Kindle books than paper books
May 19, 2011
The demand for paper books is on the decline, according to Amazon.com. Less than four years after introducing Kindle electronic books, Amazon’s customers are now purchasing more Kindle books than all print books – hardcover and paperback – combined.
“We had high hopes that this would happen eventually, but we never imagined it would happen this quickly, said Jeff Bezos, Amazon’s founder and CEO. “We've been selling print books for 15 years and Kindle books for less than four years.”
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The demand for paper books is on the decline, according to Amazon.com. Less than four years after introducing Kindle electronic books, Amazon’s customers are now purchasing more Kindle books than all print books – hardcover and paperback – combined.
“We had high hopes that this would happen eventually, but we never imagined it would happen this quickly, said Jeff Bezos, Amazon’s founder and CEO. “We've been selling print books for 15 years and Kindle books for less than four years.”
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Tuesday, May 3, 2011
Composting Council to search for new executive director
From Composting News, May 2011
By Ken McEntee
Frank Franciosi, president of the U.S. Composting Council, said the USCC board will conduct a nationwide search for an executive director. Present executive director Stu Buckner’s contract expires at the end of 2011. Buckner will be considered as part of the search if he wishes to be.
Franciosi said the USCC board has retained the services of Sterling Martin Associates, a national firm, to conduct the search.
“This will be an open and transparent search that will include our existing executive director, staff and members, as well as individuals within and outside the composting industry,” Franciosi said. “We are confident that Sterling Martin Associates possesses the skills and experience to deliver the leadership that the USCC wants and deserves.”
“The search is due diligence on our part as a board, to see who is available and at what salary,” Franciosi said.
The board in 2010 did a compensation study for the executive director’s position and other positions within the organization. However, he said, salary is not an issue in Buckner’s possible replacement, noting that Buckner’s earnings as executive director are substantially incentive based.
Franciosi said in the announcement that USCC is entering a “new phase of growth.”
He didn’t indicate that the board has any philosophical differences with Buckner regarding the future direction of the organization.
The search process is expected to launch in early May.
Buckner, who previously served as USCC president, was hired as executive director of the struggling organization in December 2001. Since that time, USCC membership has grown substantially and is on a solid financial footing. Net assets as of the end of 2009 exceeded $715,000.
Matt Cotton, who served three years as president, acknowledged the progress made by the organization during Buckner’s leaders, but said conducting the national search “is the responsible thing to do.”
By Ken McEntee
Frank Franciosi, president of the U.S. Composting Council, said the USCC board will conduct a nationwide search for an executive director. Present executive director Stu Buckner’s contract expires at the end of 2011. Buckner will be considered as part of the search if he wishes to be.
Franciosi said the USCC board has retained the services of Sterling Martin Associates, a national firm, to conduct the search.
“This will be an open and transparent search that will include our existing executive director, staff and members, as well as individuals within and outside the composting industry,” Franciosi said. “We are confident that Sterling Martin Associates possesses the skills and experience to deliver the leadership that the USCC wants and deserves.”
“The search is due diligence on our part as a board, to see who is available and at what salary,” Franciosi said.
The board in 2010 did a compensation study for the executive director’s position and other positions within the organization. However, he said, salary is not an issue in Buckner’s possible replacement, noting that Buckner’s earnings as executive director are substantially incentive based.
Franciosi said in the announcement that USCC is entering a “new phase of growth.”
He didn’t indicate that the board has any philosophical differences with Buckner regarding the future direction of the organization.
The search process is expected to launch in early May.
Buckner, who previously served as USCC president, was hired as executive director of the struggling organization in December 2001. Since that time, USCC membership has grown substantially and is on a solid financial footing. Net assets as of the end of 2009 exceeded $715,000.
Matt Cotton, who served three years as president, acknowledged the progress made by the organization during Buckner’s leaders, but said conducting the national search “is the responsible thing to do.”
Tuesday, February 15, 2011
Paper recycling market update
IN BRIEF:Short investories have bitten some mills in the backside. After expecting a mild February, short supplies of groundwood and old corrugated containers have driven prices upward. Citing a bad deal for shareholders of Smurfit Stone Container Corp, investment firms that claim to hold 9 percent of Smurfit's common stock have expressed their intention to vote against the merger of Smurfit with Rock Tenn Corp.
See the latest issue of The Paper Stock Report or Paper Recycling Online for the latest information.
Thursday, January 20, 2011
January 2011 Composting News
Headlines from the January 2011 issue of Composting News
Ohio releases updates to composting rules
Dow to restrict aminopyralid usage to limit compost exposure
Enviva LP plans North Carolina wood pellet plant
Michigan extends public comment on compost rules
EPA to defer greenhouse gas permitting for biomass plants
National compost prices
SWANA e-session: best practices in food waste programs
EPA releases data on animal feeding operations
Waste Management to open organics plant in Florida
Compost product news: Morbark, Vertal, Peterson
Wednesday, September 29, 2010
The latest paper recycling headlines
For more information, visit Paper Recycling Online.
The latest paper recycling news:
Most of these articles are published by Paper Recycling Online, The Paper Stock Report and/or Recycled Paper News. They are available to paid subscribers and require a password for access. Some links are to articles of interest published by other parties and are linked only for the convenience of our visitors. McEntee Media Cop. does not take responsibility for the content or accuracy of reports of outside publications.
For information about subscribing to Paper Recycling Online, click here.
# New Waste Management single stream system features new paper technology
September 25, 2010
# White Birch deal is in the court's hands
September 25, 2010
# Clearwater Paper to acquire Cellu Tissu - probably
September 25, 2010
# Young folk trail elders on paper recycling, Boise finds
August 16, 2010
# Domtar campaign promotes the responsible use of paper
September 25, 2010
# City Carton raises $104,700 for kids with cancer
September 24, 2010
# Sappi Waste Paper becomes Sappi ReFibre
September 20, 2010
# Retailers support recycled, BPA-free thermal paper
September 22, 2010
# China drives record month for OCC exports
September 10, 2010
# Europe recycled 72.2 percent of its paper, ERPC says
September 10, 2010
# Newark Group emerges from bankruptcy
August 16, 2010
# The Market: Shiplines negotiating rates; ONP market is "ugly"
August 10, 2010
# TD to participate in North American closed loop paper recycling system
August 10, 2010
# FutureMark notes growing adoption of environmental paper
August 10, 2010
# Class action files on behalf of Orient Paper shareholders
August 10, 2010
# Alex Ding named Smurfit sales director in Shanghai
August 10, 2010
# Court rejects recycler's appeal on liability case
August 10, 2010
# Purac to produce lactic acid from papermaking waste streams
August 10, 2010
# Rock-Tenn gets triple chain-of-custody certification
August 10, 2010
# AF&PA names recycled fiber director
August 10, 2010
The latest paper recycling news:
Most of these articles are published by Paper Recycling Online, The Paper Stock Report and/or Recycled Paper News. They are available to paid subscribers and require a password for access. Some links are to articles of interest published by other parties and are linked only for the convenience of our visitors. McEntee Media Cop. does not take responsibility for the content or accuracy of reports of outside publications.
For information about subscribing to Paper Recycling Online, click here.
# New Waste Management single stream system features new paper technology
September 25, 2010
# White Birch deal is in the court's hands
September 25, 2010
# Clearwater Paper to acquire Cellu Tissu - probably
September 25, 2010
# Young folk trail elders on paper recycling, Boise finds
August 16, 2010
# Domtar campaign promotes the responsible use of paper
September 25, 2010
# City Carton raises $104,700 for kids with cancer
September 24, 2010
# Sappi Waste Paper becomes Sappi ReFibre
September 20, 2010
# Retailers support recycled, BPA-free thermal paper
September 22, 2010
# China drives record month for OCC exports
September 10, 2010
# Europe recycled 72.2 percent of its paper, ERPC says
September 10, 2010
# Newark Group emerges from bankruptcy
August 16, 2010
# The Market: Shiplines negotiating rates; ONP market is "ugly"
August 10, 2010
# TD to participate in North American closed loop paper recycling system
August 10, 2010
# FutureMark notes growing adoption of environmental paper
August 10, 2010
# Class action files on behalf of Orient Paper shareholders
August 10, 2010
# Alex Ding named Smurfit sales director in Shanghai
August 10, 2010
# Court rejects recycler's appeal on liability case
August 10, 2010
# Purac to produce lactic acid from papermaking waste streams
August 10, 2010
# Rock-Tenn gets triple chain-of-custody certification
August 10, 2010
# AF&PA names recycled fiber director
August 10, 2010
Monday, August 24, 2009
The latest in the paper recycling market
The latest paper recycling news:
Visit our Web site for more information about Paper Recycling Online.
# The Market: OCC not as strong as perceived, traders say
August 10, 2009
# Sonoco Recycling expanding Charlotte,N.C. operations
August 10, 2009
# Sonoco, Rock-Tenn to raise recycled paperboard prices
August 10, 2009
# Greenpeace and Kimberly-Clark come to a truce
August 10, 2009
# Marcal CEO challenges Greenpeace, Kimberly-Clark truce
August 10, 2009
# Harmon gets name change at GP
August 3, 2009
Visit our Web site for more information about Paper Recycling Online.
# The Market: OCC not as strong as perceived, traders say
August 10, 2009
# Sonoco Recycling expanding Charlotte,N.C. operations
August 10, 2009
# Sonoco, Rock-Tenn to raise recycled paperboard prices
August 10, 2009
# Greenpeace and Kimberly-Clark come to a truce
August 10, 2009
# Marcal CEO challenges Greenpeace, Kimberly-Clark truce
August 10, 2009
# Harmon gets name change at GP
August 3, 2009
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