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UPM Raflatac appoints leader, reports Q1 results | OPI - Office Products International

Tim Kirchen has been promoted to EVP of label materials supplier UPM Raflatac. Kirchen is currently the company’s SVP of Americas, a role he has been in since 2018, when he joined UPM. The Germany national will officially start his new position on 1 August, relocating to Helsinki in the process. He will become a

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Good quarter for Boise | OPI - Office Products International

Packaging Corporation of America’s (PCA) Boise paper business had a resilient first quarter, with earnings relatively stable compared with last year. 12 months ago, Boise’s Q1 2023 results were described as “outstanding” by PCA Mark Kowlzan as the business benefited from higher pricing. In the latest quarter, sales increased by 2% year on year to

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Renz in administration | OPI - Office Products International

The Germany-based parent entity of print finishing specialist Renz went into administration a few weeks ago, OPI has learned. Administrators for Renz GmbH were appointed on 20 March by the Aalen insolvency court after the company ran into financial difficulties. The business is now being overseen by Dr Martin Hörmann, Partner at law firm Anchor,

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Henkel introduces supplier engagement programme | OPI - Office Products International

Henkel has launched an initiative to reduce Scope 3 carbon emissions from its suppliers worldwide. Called ‘Climate Connect’, the new programme aims to advance decarbonisation along the supply chain through the collection of emissions data, jointly defined actions for reduction, and continuous upskilling. Henkel will cooperate with Manufacture 2030, a partner in the field of

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Improved profitability at Ryman | OPI - Office Products International

UK stationery retailer Ryman has reported a sharp uptick in profitability for the 12 months to the end of March 2024. In a trading update, the company said EBITDA for the full year just ended (FY23) was £2.7 million ($3.4 million), an improvement of more than £4 million on the FY22 figure. The result was

Ryman , Stationery , Financial-results , News , Europe , Large-resellers , Traditional-op ,

Fedrigoni confirms Mohawk acquisition | OPI - Office Products International

Following several days of media speculation, Italian speciality paper company Fedrigoni has confirmed a transaction with US firm Mohawk Fine Papers. The Italian manufacturer entered into a distribution agreement with Mohawk in September 2022. It has now acquired “certain assets” of the US producer in what appears to be some kind of ‘pre-pack’ deal. As

Italy , Italian , Mohawk-fine , Paper , Acquisition , Mohawk , Fedrigoni , Financial-results , Traditional-op , News , North-america

Strong e-commerce growth at Walmart | OPI - Office Products International

E-commerce revenue at Walmart and Sam’s Club operations in the US was up in the double digits in the three months to 26 January 2024. Online revenue at both banners grew by 17%, Walmart reported in its Q4 and FY 2024 earnings release. At Walmart, the increase was attributed to a double-digit rise in store-fulfilled

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Navigator reports on a challenging year | OPI - Office Products International

Leading paper manufacturer Navigator has said that 2023 was a challenging year for the pulp and paper sector. Notwithstanding geopolitical tensions in Europe and then the Middle East, new orders of printing and packaging papers were at a historically low level in the first half of the year following inventory build-ups in the distribution chain

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BIC's 2023 in numbers | OPI - Office Products International

BIC has reported its 2023 results with full-year revenue at its Human Expression division climbing in the low single digits despite a drop in volumes. Below are some of the key figures from Human Expression’s results: FY 2023: Net sales: €845.9 million ($915 million), a 2.5% increase on a comparable basis. Adjusted EBIT margin: 7.2%,

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Sylvamo shares surge on Brazil forests valuation | OPI - Office Products International

The share price of global paper company Sylvamo jumped by around 25% yesterday following the publication of its annual results. The increase was largely due to a new valuation of Brazilian forest lands owned by the company. In December 2023, a third-party firm valued the assets at around $1 billion at current exchange rates, an

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