ISSUE #0817
2017
August
1701 K Street, NW
Suite 650
Washington, DC 20006
CCTI EVENTS
CCTI Fall & Technical Meeting will be held in Peoria, IL in October 16-17th. Register today!

  • CCTI NEWS
  • MEMBER NEWS
  • INDUSTRY NEWS
  • INTERNATIONAL 
  • LEGISLATIVE
  • ECONOMIC
  • SAFETY & HR
  • CLASSIFIED ADS
MEMBERSHIP  INFO
Your annual membership provides you with an array of opportunities that you should take advantage of:
  • Discounts on regional lunch programs
  • Access to the CCTI resource library, the IdeaBank
  • Discounts on job postings in our Career Corner
  • Access to the Online Member Directory
  • Participation in our members-only LinkedIn Group

Or call:  703.740.8737 

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CCTI Fall Meeting
Free Registration includes a
Technical Meeting, Plant Tours and Suppliers
East Peoria, IL - October 16-17, 2017
Join us for the 2017 CCTI Fall Meeting, scheduled for October 16 and 17th in East Peoria, IL! The fall meeting will offer CCTI members the opportunity to attend the Technical Committee meeting.

Additionally, CCTI Members, Kevin Hayward and Mark Poppe, have generously offered to allow attendees to tour their plants in Pekin and Bartonville, IL.  (T ransportation will be provided.) 

1525 South 2nd Street, Pekin, IL  61554

Universal Packaging Corp. - Mark Poppe
4100 S Ricketts, Bartonville, IL  61607

Attendees will also have the opportunity to attend educational presentations regarding RPTA Compliance, manufacturing cyber security and supplier displays.

Learn for free!   NO REGISTRATION FEE TO ATTEND 

Complimentary Meeting Registration includes the opening reception, most meals, onsite transportation and meeting materials.  You will be responsible for your own transportation to the event and your hotel room.

Use the links below to register for the meeting, reserve your hotel room or commit to a sponsorship! 

Rooms are reserved at the Holiday Inn & Suites l ocated at 101 Holiday Street, East Peoria, IL  61611 and reservations must be made by September 15, 2017 to receive our special room rate of $129.00. 
CCTI Launches CanTube.org
CCTI Launches New Website
CCTI pleased to announce the launch of our brand new websiteIt's designed to be easier to use and have more member resources to help you make the most of your CCTI membership.

Areas of interest includes news articles and meeting information, Ask Vinny, and the members only section, which includes a member directory, links to CCTI's technical documents and other member benefits.  CanTube.org has an overall fresh and new design to include a mobile friendly version, secure credit card processing and links to our advertisers and other industry resources.  We'd love to hear your feedback, email info@cantube.org with your comments and suggestions.  

If you'd like to advertise on the new www.CanTube.orgclick here for more information.
MEMBER NEWS
Corenso Completes Acquisition of Corpak 

Corenso today announces that it has completed the acquisition of the business and assets of Corpak Inc. ("Corpak"), a manufacturer of cores and tubes located in Richmond, Virginia, and will make a considerable investment in expansion and modernization of the Richmond facility. The acquisition further expands the geographical reach of Corenso's core converting operations in North America allowing us to more effectively service existing customers and target new markets in the South-East region of the United States.

Corpak will continue to operate from its existing premises but under the new name Corenso Richmond. All Corpak's employees will be retained and the acquisition will be supported by investment in expansion and modernization of the Richmond facility. The premises will be enlarged, two new production lines will be added, existing equipment will be upgraded and quality and safety systems will be improved.    To the read the complete story, click here.

INDUSTRY NEWS
Sonoco appoints Philippe Guillemot to its BOD

Sonoco, one of the largest diversified global packaging companies, today announced that Philippe Guillemot has been named to its Board of Directors.

Guillemot, 58, was chief operating officer of Alcatel-Lucent SA, Boulogne-Billancourt, France, prior to its acquisition by Nokia Oyj in 2016. Before his tenure with Alcatel-Lucent, Guillemot was chief executive officer and board director of Europcar Group from 2010 to 2012, Guyancourt, France; Chairman and CEO of Areva T&D, Paris, from 2004 to 2010; group executive vice president, Faurecia SA, Paris, from 2001 to 2003; and group vice president, Valeo, Paris, from 1998 to 2000; and held several global executive positions with Michelin from 1983 to 1998.

With his addition to the board, Sonoco has 13 board members. Guillemot is an independent board member and assumes the seat vacated by Ed Lawton, who recently resigned for personal reasons after 17 years on the board.

INTERNATIONAL NEWS
Scottish Environment Protection Agency Targets Contamination in Recycling System

Contamination of waste being sent to Scotland's material recovery facilities (MRFs) is hindering Scotland's ability to maximise the quantity and quality of material available from recycling, according to a report published today (27 July) by the Scottish Environment Protection Agency (SEPA).

The report is launched less than a week before Earth Overshoot Day (2 August), the day by which humanity's resource consumption for the year exceeds Earth's capacity to regenerate those resources that year. It is a timely reminder that Scotland cannot continue to use more resources than the planet can provide (currently 2.7 planet's worth) and highlights the importance of SEPA's commitment to driving a One Plant Prosperity approach.

This is SEPA's first report looking at the quality of waste coming into and leaving material recovery facilities and examines data from the 13 MRFs that met the reporting criteria, covering October 2015 to May 2017.   Full story can be found here.

ECONOMIC NEWS
Containerboard - June Another Solid Demand Month; Exports Down; Inventories Remain Average 

June was another healthy demand month, and lower-priced exports declined for the first time in 2017, which we view positively. The N.A. containerboard market remains firm, in our view, thanks mostly, if not entirely, to e-commerce growth; the economy remains sluggish and CPG demand remains profoundly weak. Of course, the same e-commerce growth is limiting OCC availability and consequently pushing up costs.

The AF&PA (American Forest and Paper Association) and FBA (Fibre Box Association) released June containerboard and box data this morning. Box shipments were up 2.7% on an actual basis and average-week basis (we were expecting 2-3% growth, so we were in the ballpark), and are up a comparable amount (3.0%) YTD.

Inventories were down 11,000 tons compared to a 5-yr. average decline of 29,000 tons and 10-yr. average decline of 17,000 tons; inventories remain in line with historical averages (1% below the 5-yr. average but 2% above the 10-yr. average). The industry's operating rate of 96.3% was in line with historical averages (the 5-yr. average is 96.7%), while the YTD average operating rate of 96.9% remains much higher than last year's 94.4%. Lower-priced exports declined for the first time in 2017, down 11.3% from a year ago, though are still up 6.6% YTD. The market remains firm, in our view, likely thanks mostly, if not entirely, to e-commerce.

The overwhelmingly likely reason for the surge in box demand over the past 11 months - e-commerce growth - is the same factor driving down collection rates and thus OCC supply, partly as a result of which OCC prices have been historically inflationary over the same period. Please see our note from last evening (Containerboard - ALERT: E-Commerce Growth Leading to Falling OCC Supply; OCC Generation Down 2.3% YTD) for more details. Good demand is obviously a positive for the integrated containerboard producers, while input cost inflation is obviously not. We expect plenty of discussion of both issues (the unusually strong demand and the unusually high OCC prices and related price increases) on containerboard producers' 2Q17 earnings calls. For the time being, investors have chosen to focus on the positives (strong demand, leading to high operating rates and price increases) and not on the negatives (OCC inflation, which severely crimped producers' profits in 1Q17 and to a lesser extent in 4Q16, and which is likely to continue having an impact). 

Courtesy of Adam J. Josephson, KeyBanc Capital Markets
LEGISLATIVE
AWC and AF&PA support US House passage of Ozone Standards Implementation Act of 2017

American Wood Council (AWC) President and CEO Robert Glowinski and American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statements following United States House of Representatives passage of the Ozone Standards Implementation Act of 2017 (H.R. 806). The legislation, which now moves to the United States Senate for consideration, prevents a rushed implementation of the 2015 ozone Nation Ambient Air Quality Standards (NAAQS).   Full story here.
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