Doubling tariffs on metals imports risks unintended consequences throughout the packaging supply chain, according to the Can Manufacturers Institute and the Aluminum Association.
Packaging manufacturers worried by 50% tariffs on steel, aluminum | Packaging Dive
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Fourth-Quarter and Full-Year Highlights •Fourth-quarter 2021 net sales were $1.44 billion, up from $1.38 billion in 2020. Full-year 2021 net sales were $5.59 billion, compared to $5.24 billion in 2020. •Fourth-quarter 2021 GAAP earnings per diluted share was $0.66, compared with a GAAP loss per diluted share of $(0.12) in 2020. The full-year 2021 GAAP loss per diluted share was $(0.86), compared to GAAP earnings per diluted share of $2.05 in 2020. The full-year 2021 GAAP loss was driven by $410.4 million after-tax pension settlement charges mostly related to the Company's settlement of its U.S. Inactive Plan in the second quarter. •Full-year cash flow from operations was $298.7 million in 2021, compared with $705.6 million in 2020. Free cash flow in 2021 was $55.8 million, compared with $524.5 million in 2020. •On January 26, 2022, Sonoco completed the acquisition of Ball Metalpack, a leading manufacturer of sustainable steel tinplate packaging for food and household products and the largest aerosol can producer in North America, for $1.35 billion in cash subject to customary adjustments, including for working capital, cash, and indebtedness.
Trioworld is a leading producer of innovative, high-performance plastic packaging solutions in Europe and North America. The Platinum rating places Trioworld in the top 1% of companies globally in business sustainability assessments. “I am again truly honoured by this fourth consecutive EcoVadis Platinum medal”, says Andreas Malmberg, CEO of Trioworld Group. “The EcoVadis Platinum medal helps us to provide our stakeholders with a deeper understanding of our ambitious ESG practices. This Platinum rating really highlights our dedicated work to achieve sustainable value chains in our industry on the journey towards a circular economy for plastics,” says Andreas Malmberg.
Located in the heart of the Midwest, the new facility will primarily focus on serving the protein segment, providing tailored packaging solutions and meeting the growing demand for high-quality, sustainable packaging. "We are thrilled to break ground and invest in our company and the city of Waterloo," said John Berry, Group Vice President, International Paper. "This facility represents our dedication to growing in markets where we want to compete, advancing our capabilities and ensuring our customers receive quality and reliable products. We look forward to our continued future in Waterloo and are very grateful to everyone who has made today possible." The Waterloo box plant will feature cutting-edge technology and equipment, enabling International Paper to deliver innovative and sustainable packaging solutions. The plant's design incorporates the latest safety practices and industry technology.