Total Packaging Papers shipments were 230,900 tons, 4.7% higher than July 2016. Bag & Sack shipments were up 6.1% year-to-date, while Food Wrapping shipments were down 9.5% over the same period. The operating rate for July 2017 was 88.4%, in line with the year-to-date rate of 88.6%. Inventories were 173,100 tons, up slightly since June.
http://afandpa.org/media/news/2017/08/17/american-forest-paper-association-releases-july-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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Smurfit Kappa notes the announcement released on the evening of 6 March 2018 by International Paper Company setting out the price of the unsolicited and highly opportunistic proposal that was originally made to the Board of Smurfit Kappa on 23 February 2018 and rejected in the Group’s announcement of 6 March 2018. The Board of Smurfit Kappa has already carefully considered, with its financial advisers, the Proposal in detail and has unanimously rejected it on the basis that it fails entirely to reflect the Group’s superior prospects as an independent business and represents a valuation multiple significantly below recent comparable transactions. Shareholders are strongly advised to take no action. This announcement is made without the consent of International Paper. Click Read More below for additional information.
Total containerboard production in August remained essentially flat (+0.4 percent) compared to August 2019. It was up four percent when compared to the same eight months of 2019. August 2020 production of containerboard for export decreased nine percent compared to the same month last year; it was up 23 percent year-to-date. The containerboard operating rate was 92.1 percent, essentially flat (-0.4 pts.) from August 2019 and up 2.7 points year-to-date. Mill inventories of containerboard at the end of August increased 35,000 short tons from the previous month and were up 68,000 short tons compared to August 2019.
The US shopping phenomenon is now part of the British retail calendar with millions of packages delivered over the promotional period. Now, retail and waste management has to accommodate the pre-Christmas spending spree. The rise of e-commerce shopping, and the appeal of sale-price products during the holiday shopping weekend, sees a lot of products being shipped from stores to buyers’ homes. This, in turn, leads to large quantities of packaging that need to be recovered from domestic recycling collections in a way that allows said packaging to become high-quality material for recycling.