Paper Makers Make More Cuts

first_img“This was an attractive opportunity, and we intend to use the proceeds received at closing to pay down debt,” IP’s chairman and CEO John Faraci said in a statement. The down economy and reduced demand have taken a toll on paper makers. One producer, Sappi Fine Paper North America, announced that it will indefinitely suspend operations at its facility in Muskegon, Michigan, resulting in the furlough of approximately 190 salaried and hourly employees. The suspension is set to begin April 1.The company said the suspension was necessary in light of “significantly lower global demand for coated fine paper products.” As part of a separate cost-cutting initiative, Sappi also said it is eliminating an additional 70 positions company-wide.UPM is suspending production at a pair of its mills in Finland in April. The suspension is said to result in a 880,000-ton per-year reduction of coated and uncoated specialty paper as well as uncoated mechanical magazine paper.Meanwhile, Memphis, Tennessee-based International Paper said it is divesting the equivalent of 143,000 acres of properties located in southwestern U.S. The company is selling 114,000 acres to the American Timberlands Fund for $220 million in cash and donated the remaining acres (worth approximately $55 million) in exchange for a 20 percent investment in the fund.last_img read more

Radio gaga

first_imgFor long, the intimacy of a voice has been pivotal during travel sojourns, walk in the woods, congested drives, after fights with your best friend, in crowded marketplaces or even when you are all by yourself.This is none other than the radio jockeys giving you company with intermittent beauty tips, social issues, interactive debates and of course good, old melodies. With the benefit of hindsight, the radio has changed over the years. From news-based transmissions to today’s all-encompassing caucus of over-zealous listeners participating in a vast range of discourses. Also Read – ‘Playing Jojo was emotionally exhausting’RJ Siddharth from Big FM, Mumbai, says, ‘The change has been phenomenal. What started as an entertainment based format with the advent of private FM industry in the early 2000 has taken a giant leap to become a revolution involving each and every strata of society perhaps becoming the only format catering to the infotainment needs of individuals. And the biggest change that has happened is the pin-pointed and targeted programming at the most local level in a language they understand and giving a never-heard-or-seen-before opportunity to both the parties – advertisers and consumers (say listeners).’ Also Read – Leslie doing new comedy special with NetflixHe further adds, ‘Today’s radio jockeys should be the voice of the city and the people. It is essential for an RJ to have an opinion. They should be honest and of course need to have an in-depth knowledge on the issue/topics he is talking about. Pretence is something which must be avoided at any cost.’There is a lot to achieve and lot to explore vis-a-vis radio industry and the radio market are concerned. With almost 13-14 years of its existence, there is an ample space to bring in languages, different formats, music and personalities to make an inroad into segments where radio is yet to make its presence felt. Speaking about the essential elements of radio, he says, ‘Understandably, music and especially film music is an essential part of radio and unlike western countries where private FM is immensely popular, film music is a genre in itself and we can’t visualize entertainment without taking it into account. We are working on an infotainment format hence music is there to stay till the time we find a suitable and more effective alternative.’India’s radio industry is undergoing a makeover with the government’s approval to allocate new radio licences through e-auction and increased foreign investment limit. This move will boost advertising revenue in the long-run, promote business consolidation and lower expansion cost, according to analysts and industry experts.According to RJ Koushik Bhattacharya from Kolkata, ‘There has been resurgence in the popularity of radio. The radio boom has thrown open a number of avenues and opportunities for young, energetic and enthusiastic people who have an ear for music and a passion to entertain. This has become a wonderful career for different professionals. At the same time, day by day, number of listeners is increasing from different sphere of life.’For RJ Prateek Sharma, who works with BIG FM 92.7 in New Delhi, the Indian radio industry is expanding by leaps and bounds. ‘The government is also being very helpful in the expansion of this medium. Norms are changing, reach is increasing, more and more people are tuning in, and many more brands are associating with the radio as a medium. Good and better days lie ahead certainly.’Prateek is one person who has worked in the international market and feels, ‘I think the response has been very encouraging. The kind of music that Indian radio stations play and the content that we provide, there is a big audience, ready to consume it. And if that music and content helps them to stay in touch with their Indian roots, what more can one ask for!’last_img read more

Agri Marketing dept targets 150 Sufal Bangla stalls by March 2019

first_imgKolkata: The state Agriculture Marketing department has set a target of setting up as many as 150 Sufal Bangla stalls by March 2019, after becoming successful in reaching its goal of opening 101 stalls.It may be mentioned that the department had set a target of setting up 101 Sufal Bangla stalls before Durga Puja. Recently, 21 movable and 5 static Sufal Bangla stalls have been inaugurated, which took the total number of such stalls to 101 across the state. Also Read – Rain batters Kolkata, cripples normal lifeSoon after reaching the target, the state Agriculture Marketing department has carried out an assessment to find out where it is still required to open such stalls. Subsequently, the decision has been taken to introduce another 50 stalls by the end of the 2018-19 financial year.Tapan Dasgupta, the state Agriculture Marketing minister, said: “Our endeavour is to open another 50 stalls by the end of March 2019.”The main idea behind setting up Sufal Bangla stalls is to help common people staying in the urban or semi-urban parts of the state get fresh vegetables at the right price. At the same time, it also encourages setting up of more Farmers Production Organisations (FPOs). Farmers, who are members of the FPOs, directly supply their produce to the Sufal Bangla stalls that get sold at the right price. As a result, farmers no longer need any middlemen to sell their produce. They also get the right price for their produce and do not incur loss. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedThere are both static and movable Sufal Bangla stalls. The static ones are situated mainly in urban and semi-urban areas in the state, while the movable ones keep travelling at different points within a particular area to sell fresh vegetables.Officials of the state Agriculture Marketing department has initiated the task of identifying the places where static ones can be set up and where there is requirement of movable ones.It may be mentioned that price of vegetables and other items, which are available in Sufal Bangla stalls, is available in the website of the Agriculture Marketing department. After checking the price, one can also place order over phone for home delivery, which is available in some of the stalls. The department is also taking steps to introduce the home delivery service in all of its stalls.last_img read more