Smurfit-Stone to exit Chapter 11 after deal with stockholders
The Chicago paperboard-packaging converting giant anticipates exiting from Chapter 11 bankruptcy protection by early summer. It reached a resolution Monday with shareholder groups prosecuting objections to its reorganization plan. “Reaching this agreement…is a major milestone for our company and positions us to emerge from bankruptcy in the coming weeks,” says Patrick J. Moore, chairman/CEO of Smurfit-Stone.
Sun’s CorrStream™ corrugated digital printer built on Kodak inkjet tech
Using Kodak VERSAMARK technology, the new CorrStream™ high-speed, digital printer from Sun Automation is reportedly the first of its kind designed specifically for the corrugated-packaging printing market. With speeds of up to 500 fpm, the CorrStream provides 45 in. of color-print area across a corrugated sheet up to 60 in. wide. It uses up to 20 Kodak VERSAMARK DH90 printheads to produce color images suitable for point-of-purchase displays and versioned or variable primary and secondary graphic-image packaging. Targeted at brand owners and corrugated-box plants, the CorrStream lets converters produce smaller runs of versioned or customized local packaging that connects with consumers and drives a much higher ROI, Kodak says.
TLMI Award Competition sets June 30 entry deadline
With a goal to stimulate innovative printing and to recognize technical achievement in all areas of the narrow-web industry, the Tag & Label Mfrs. Institute sets a June 30 entry deadline for its 33rd annual awards competition. End-product categories include tags and labels, folding cartons, flexible packaging, pressure-sensitives and more. Winners will be announced at the group’s 2010 Annual Meeting in October. Download the entry form
Ashland to distribute Cereplast bioplastic resins
KY-based Ashland Distribution strikes a deal to provide its customers with sustainable, bioplastic resins from Cereplast, Inc. (El Segundo, CA). The partnership is the latest in Cereplast’s overall growth strategy to expand the company’s distribution reach. Under the agreement, Ashland will distribute Compostables® and Hybrids Resins® to converters and manufacturers throughout North America, to Canada, Mexico, Puerto Rico and the US.
TLMI program to honor Environmental Leadership for the eighth year
Since 2003, the Tag & Label Mfrs. Institute’s Environmental Leadership Awards have honored TLMI members for commitment to good environmental practices. The award recipients demonstrate that those same eco practices also make good business sense. They must quantitatively measure environmental benefits by at least one of the following: reducing their waste stream; expanding a recycling project; recovery of waste or energy; implementing a new “clean” technology or process; or implementing an education program. The 2010 entry deadline is August 13. More info