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Latest News

  • 310

    Consumers who purchase PIXMA G Series printers: G2010 and G3010 are offered with Timex Watch. The offer is valid starting from May 15th till July 31st, 2019. 

    Canon India has launched two exciting consumer offers focusing on the school and college students. Consumers who purchase PIXMA G Series printers: G2010 and G3010 are offered with Timex Watch. The offer is valid starting from May 15th till July 31st, 2019. Along with the offer, G Series range of printers are offered with “free installation”. PIXMA G Series range of printers are the next generation Ink Tank printers which have low printing cost at 9 paisa per page for Black printing. PIXMA G Series printers are capable to handle up to 275 gsm stationery for printing. These printers can also support A4 borderless color printing.

    Along with this, Canon India has also launched consumer promotion for E Series Ink efficient printers: PIXMA E560, PIXMA E470, PIXMA E410. These products are offered with US Polo Assn. school bag. This offer is valid since May 1st and will be available till July 31st, 2019. Consumers can avail the free gift upfront along with the product purchase. 

    C. Sukumaran, Director, Consumer System Products, Canon India said, “In our endeavor towards keeping the consumers delighted, we are excited to introduce the ‘Back to School’ offer which promises advantageous giveaways for the students. As a trusted companion to students, Canon India continues to enable them in their journey, towards building a progressive career. We are providing the students with a diverse product portfolio, meant for catering to their various curriculum needs and make them future-ready. We will continue to lead by innovation, such as integrated ink-tank, wireless and cloud printing along with attractive designs in our inkjet printers along with focus on harnessing customer relations by providing better products, offers and an exception aftersales support.

     

     

    Fri, 21/06/2019
  • 312

    International Paper currently owns approximately 30 million shares, or 75 per cent of the company.

    West Coast Paper Mills has agreed to buy shares held by International Paper for as much as Rs. 650 crore ending a seven-year-old controlling engagement with the Indian paper producer.  International Paper currently owns approximately 30 million shares, or 75 per cent of the company. Through this deal, the existing promoters (of International Paper APPM) - International Paper Investments SARL Luxembourg and IP International Holdings Inc USA – are selling their shares. 

    “Pursuant to Indian securities law requirements, WCPM will launch a tender offer to acquire up to all APPM shares owned by public shareholders, which represents 25 per cent of APPM’s outstanding shares. The closing of IP’s transaction with WCPM will occur following the completion of the tender offer and receipt of anti-trust clearance,” both the companies said.  Bank of America-Merrill Lynch was the sole advisor to International Paper in the transaction. 
     

     

    Sat, 08/06/2019
  • 311

    One school in northeast India has taken a novel approach to address the scourge of plastic waste by making its collection a condition of free attendance. Every week the 110 pupils at the Akshar Forum school outside Dispur in Assam state must bring up to 20 items of plastic gathered from their homes and the local area.

    "The use of plastics is rampant across Assam," said Parmita Sarma, who set up the project together with her New Yorker husband Mazin Mukhtar. Until last year schooling was completely free, but the school decided to introduce the plastic "fee" after a plea to parents to take part in a recycling scheme fell on deaf ears, Mukhtar told.

    "We tell (the parents) to send the plastics to the school as fees if you want your children to study here for free." In addition, the parents have to make a "pledge" not to burn plastics, said Sarma. The fact that the children now go from home to home asking for plastics has also increased awareness in the local area.According to local non-governmental organisation Environ, Dispur alone – home to just under a million people – produces 37 tonnes of waste rubbish daily, a seven-fold rise over 14 years. "Earlier, we used to burn the plastics and we had no idea that the gas emitted from that was harmful to our health and environment," said Menu Bora, the mother of one pupil.

    Wed, 05/06/2019
  • 308

    The capacity of Sirpur Paper Mills is being refurbished and we expect that it will be used for production purposes by October 2019, said AS Mehta, President, JK Paper, during a candid chat.

    The fourth quarter numbers are better than what we achieved in last three quarters because it was achieved despite a 9-day long shutdown, says AS Mehta, President, JK Paper. Mehta said the capacity of the Sirpur Paper Mills is being refurbished and we expect that it will be used for production purposes by October 2019.

     

    Q: How do you see your Q4 results in terms of revenue, EBITDA and margin?

     

    A: I consider the numbers of the fourth quarter, Revenue, EBITDA, PBDT, PBT and net profit, as better than the numbers that we achieved in the last three quarters. This quarter is better for us because it was a quarter we were able to produce beyond targets and improved on the profit as well as margin percentage despite a 9-9.5 day long shutdown.

     

    Q: What is your expectation for volume growth in the next 2 quarters?

     

    A:  We always believe that the Indian paper market will grow at the rate of 6-7 per cent and that is why we have always said that our growth rate should be better than the rate at which industry will grow. 

     

    Q: How much margins do you intend to maintain for the next few coming quarters, considering it increased well in the previous few quarters? 

     

    A: Right now, I can just say that we will try to bring at least a fraction of improvement on the margin percentage that was achieved this fiscal.

    But, I would like to say that every industry or sector has a pick margin level, a maintainable level and sustainable level.

    2018-19 fiscal has been a good fiscal for the industry and it will be good for the industry if we are able to maintain or better on the number.

     

     

    Fri, 31/05/2019
  • 306

    One student’s story to be animated and air on channel

    Pilot Corp. of America has signed on to Cartoon Network’s anti-bullying campaign for two years.

    As part of the Stop Bullying: Speak Up initiative Cartoon Network and Pilot Pen are distributing 500 bookmaking kits to classrooms and educators nationwide and asking students to write stories about how kindness and understanding stopped bullying before it started.

    Over the course of the two-year partnership, Cartoon Network and Pilot Pen will expand the reach of their joint initiative to erase bullying and encourage kids to speak up safely and effectively through various multimedia extensions, including “Stop Bullying: Speak Up” co-branded packages of Pilot’s FriXion erasable pens. The second annual writing challenge will resume in 2020 to continue to empower kids to tell their stories.

    The network will pick one story and animate it using Pilot Pen’s FriXion clicker erasable gel ink pens. The 30-second animated vignette will air across Cartoon Network’s television, digital and social properties during the back-to-school season in August and September.

    Pilot Pen has been running its own “Erase Bullying for Good" campaign. It will air its own commercial creative on Cartoon Network to align with the campaign in August and September.

    “At Pilot, we believe in the power of the written word to inspire and empower people of all ages to express themselves fearlessly, even in the face of bullying,” said Ariann Langsam, VP of Consumer Marketing, Pilot Corporation of America. “We’re excited to partner with Cartoon Network to expand our ‘Erase Bullying for Good’ campaign and be able to share this message of positivity with young people in their own words.”

    Over the next two years, Cartoon Network and Pilot Pen will employ new ways to highlight their effort to encourage kids to speak up safely and effectively. One way will be through co-branded packages of Pilot’s FriXion erasable pens that carry the “Stop Bullying: Speak Up” message.

     

    Thu, 30/05/2019
  • 307

    Shares dip as group also hurt by declining demand for lighters in North America

    Flagging sales of pens in India and lighters in North America knocked revenues at French stationery maker Bic at the beginning of 2019. The company, known for its ubiquitous biros and razors, said sales had fallen 2 per cent on a comparative basis to €415m in the first quarter of the year as its overall trading environment remained “challenging”.

    Pre tax income dropped 18 per cent to €55m as South American exchange rates and rising raw material costs weighed on its margins. Shares in Bic fell as much as 10 per cent in early Thursday trading, making it one of the worst performers on the Stoxx 600 index — second only to Finnish electronics group Nokia, whose shares plunged after an unexpected first-quarter loss.

    After a strong 2018 fourth quarter, and while the overall trading environment remains challenging, 2019 started with soft results impacted by stationery in India and lighters in the US,” said Gonzalve Bich, Bic Chief Executive.

    However, we maintained or grew market share in our three categories, and regained momentum in shavers,” he added.

    In India, Cello Pens, which Bic bought in 2015, saw a double digit drop off in sales as it sought to reduce shipments to so-called “superstockists”. Global stationery sales fell 6 per cent on a comparative basis, stripping out the impact of acquisitions and divestments.

     

    Thu, 30/05/2019
  • 305

    Japanese stationery and office products manufacturer Kokuyo has indirectly taken a 37% stake in compatriot pen maker Pentel through an investment fund, the company said.

    Kokuyo, the country's leading maker of stationery products with a strength in notebooks, will invest 10.1 billion yen ($92 million) in a fund operated by Mercuria Investment, which currently serves as the largest shareholder of Pentel. Kokuyo will become the fund's, and through it, Pentel's top shareholder.

    Kokuyo said that it had been sounded out by Mercuria when the investment firm began to consider a sale of ILP and that it came to the conclusion that “an alliance with Pentel has solid strengths that will enable both the company and Pentel to further improve our corporate value and allow us to make the leap to becoming a top player in the global stationery market”.

    Pentel is an unlisted company known for producing the world's first modern mechanical pencil in 1960. More recently its colorful gel ink ballpoint pen has won a devout following around the world.
    Kokuyo aims for growth in Asia, where stationery demand is expected to increase, and other markets by tapping Pentel's overseas sales network.
     

     

    Wed, 29/05/2019
  • 303

    Founded in Japan by Ryosuke Namiki and Masao Wada, the Pilot Pen Corporation (named the Namiki Manufacturing Company at its founding) is commemorating its 100th anniversary with new products that highlight the brand’s history using traditional Japanese decorative techniques.

    “In celebration of our 100-year anniversary the artisans at Pilot Corporation have created an exceptional array of commemorative items to bring to life Pilot’s rich heritage,” says Ariann Langsam, vice president of consumer marketing for Pilot Corporation of America. “Each special edition item was designed to be a true masterpiece. And each pen is expertly handcrafted by master artisans highly skilled in the traditional techniques of maki-e lacquer work and chinkin gold inlay. They feature distinctive 18-karat gold nibs inscribed with the words ‘100th Anniversary’ and an image of Mount Fuji.”

    Pilot’s past has included many such beautifully decorated pens, many of which were made at the company’s manufacturing facility in Hiratsuka, Japan.

    Maki-e is a Japanese decorative technique first developed in the eighth century wherein wet lacquer is sprinkled with a variety of metal powders to create a particular décor. Maki-e, which means “sprinkled picture,” requires many years of training, with the ultimate goal of becoming a master. Chinkin gold is another decorative style that results in a gold inlay effect. Both techniques, beautiful in themselves, are further enhanced using the small canvas of a pen.

     

     

    Mon, 27/05/2019
  • 300

    Elkos Pens team is excited to introduce Trend, its new ball pen as an extension to their wide range of office and classroom products.

    Featuring an attractive foil design, Trend is crafted with Korean technology with long lasting refill and well-designed scientific rubber grip for hassle free & smooth writing.                                   

    The trendy look, metalized font cone and unbreakable pc cap is all about huge on performance and look hence, differentiating it from the rest.

    The brand has always been a mark of excellence and has endeavored to deliver the best offering to its consumer. 

    These innovative foil designed pens capture the essence of brand. While a smooth writing experience remains the key buying factor, the new trend is being set to meet the demands of a growing class of consumers who are conscious of the designs and brands they use. 

    There is an increasing move towards look and feel of the products that one uses, as it viewed as an extension of ones personality and has become a part of ones lifestyle.said Mr. Vijay Singh, Assistant Manager- Marketing, Elkos Pens Ltd.

    Packaging:
    1pcs Single Box
    10 pcs hanger/10 pcs card pack
    100/100 pcs Inner Box
    800/1200 pcs Master Carton 

    Pricing and Availability:
    Elkos Trend ball pens is now available with retailers across India. It has been priced very competitively. You can follow the latest company updates on https://www.facebook.com/elkospens

    Thu, 16/05/2019
  • 301

    ITC chairman YC Deveshwar died on May 11 in a Gurugram hospital. He was 72, and was ITC’s longest serving corporate head. He transformed the cigarette major into a diversified player with interests in FMCG, hospitality, IT and other sectors and boosted the power of “packaging”.

    Conferred the Padma Bhushan for his service to the nation, Deveshwar championed the cause for sustainable and inclusive growth and the transformative role businesses could play in creating larger societal value. This vision drove ITC to pursue business models that today supports over six million livelihoods, many amongst the weakest in society.

    Sanjiv Puri, the Managing Director of ITC Ltd. said in an official statement, “We deeply mourn the passing away of YC Deveshwar, chairman ITC. In this hour of profound grief and sorrow, we recall with respect and pride the legendary stewardship he provided to ITC over two decades as its chairman. Inspired by patriotic fervour, manifest in his clarion call of ‘Lets Put India First’, he led ITC’s strategic thrust to create an exemplary Indian enterprise dedicated to  serving national priorities.”

    Sat, 11/05/2019

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