Greif Resuming Operations in Houston Area

The Mayr-Melnhof Group (MM) has joined the global initiative “Business Ambition for 1.5 ° C” in order to use suitable measures to help limit global warming to 1.5 degrees. As part of this platform, which was launched by the UN Global Compact and the Science Based Targets Initiative (SBTi), MM is committed to setting science-based climate targets. These provide for net zero emissions in the entire value chain by 2050 at the latest. MM is thus increasing the pace of its engagement against climate change at the time of important global milestones such as the UN climate conference COP26. Peter Oswald, CEO of the MM Group: “MM is a sustainability company that is at the forefront of avoiding plastic waste with innovative recyclable packaging made from renewable raw materials. In addition, the reduction of greenhouse gas emissions to mitigate climate change is an integral and fixed part of our corporate strategy. That is why we set ourselves ambitious, science-based goals and take an active part in the Business Ambition for 1.5 ° C initiative in order to jointly promote climate-friendly economic activity. "

With the packaging industry preparing to meet EU recyclability targets, the demand for innovative and sustainable solutions is growing fast. In a recent co-creation project with SN Maschinenbau GmbH, a leading manufacturer of horizontal pouch-packaging machines, UPM Specialty Papers tested a range of heat-sealable barrier papers on SN Maschinenbau’s packaging machines. The goal was to create a recyclable, renewable, fibre-based pouch ideal for dry, frozen, and greasy foods. The sample will be displayed at Interpack 2023. As a world-leading manufacturer of packaging machinery, SN Maschinenbau seeks to deliver the best pouch packaging technology to its customers. In the light of current trends, this includes the capability to produce and process the recyclable and renewable packaging materials that customers are looking for. Working closely with partners, SN Maschinenbau is searching for new types of materials that, at best, can be seamlessly integrated into existing pouch packaging machinery.

Updated estimates show that the investment costs for BillerudKorsnäs' new board machine in Gruvön may increase by approximately 20 percent compared to previously announced investment cost of a total of SEK 5.7 billion. The increase of the investment is mainly due to higher costs for the construction work. The production on the new machine is still expected to start during the first quarter of 2019. "The cost increase is of course not good, and we have worked very hard throughout the project to keep the budget for the project. Unfortunately, we have had a difficult development on the construction side, which will lead to an increase of the investment. We are still seeing a strong development in the liquid packaging segment and other packaging materials that will be manufactured on the machine. We are convinced that we will be perfectly positioned to satisfy global demand in this market with this investment”, says Christer Simrén, BillerudKorsnäs, Senior Vice President and COO.