News Ticker – May 20, 2010


Multi-Color Corp. sees FY 2010 net sales fall 4% to $276.8 million
The Cincinnati-based label printer/converter generated income from continuing operations of $14.3 million for FY 2010. Net revenues decreased 4% to $276.8 million from $289.8 million in FY 2009. The decrease was due to a 6% decline in organic sales partially offset by a 2% favorable foreign-exchange impact. A 5% sales volume decline is primarily related to lower sales volumes to Multi-Color’s top two customers.

“Automation, Efficiency & The Next Big Thing” on converters’ agenda
Converting Influence will delve into the above topics at its May 26 meeting at the Fox Valley Technical College Bordini Ctr. in Appleton, WI. A five-member panel will dissect conveyor impact on efficiency, robotics, software, Earth-friendly meltblown substrates and converting trends. The program, which includes a tabletop exhibition, runs from 9:30 a.m.-1:00 p.m. To register, click HERE.

SPE honors three with Lifetime Achievement Awards
During ANTEC 2010 this week, the Society of Plastics Engineers (SPE) recognized three members with Lifetime Achievement Awards. The honorees are Dr. L. James Lee, Ohio State University, International Award for plastics engineering, science, or technology; Dr. Murali Rajagopalan, Acushnet Co./Titleist Golf, Research/Engineering Technology Award for plastics research or engineering; and Dr. Sadhan C. Jana, University of Akron, Education Award for plastics or polymer education.

Warneke Paper Box wins PPC Chairman’s Safety Award
By finishing 2009 with the most hours worked without an OSHA-recordable injury, Warneke Paper Box Co. (Denver) was recognized with the PPC Chairman’s Top Safety Award at the group’s spring conference last month. Since July 2005, Warneke racked up 381,903 hours worked without incurring an OSHA injury.

Iggesund Paperboard will soon be free from fossil-fuel emissions
The Swedish company gives the go-head for a US$300 million investment for a new recovery boiler at the Iggesund, Sweden, mill. The investment package also includes a new turbine plus equipment for capturing and incinerating weak, sulphur-containing gases—something that will further reduce the mill’s airborne emissions.

Tredegar Corp. appoints Williams as chairman; Moretti named vp
The Richmond, VA, film maker has appointed R. Gregory Williams, an independent director since 2002 and president of CCA Financial Services, LLC, as chairman of the board. In addition, the company named Monica Moretti as vice president, effective immediately. She serves as president of Tredegar Film Products.

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