Total boxboard production decreased 0.4 percent when compared to November 2016 and decreased 2.0 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago and increased compared to last month. Total Solid Bleached Boxboard & Liner production decreased when compared to November 2016 and was flat compared to last month. The production of Recycled Boxboard decreased compared to November 2016 and decreased when compared to last month.
http://afandpa.org/media/news/2017/12/19/american-forest-paper-association-releases-november-2017-boxboard-report
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Mondi is delighted to launch a new more sustainable sleeve packaging, created to replace conventional plastic shrink wrap around 1.5 litre sparkling soft drink multipacks produced by Coca-Cola HBC in Austria and keep them secure. Mondi’s Hug-IT, which keeps six bottles together during transportation, is made of Mondi’s Advantage SpringPack Plus, crowned by Guinness World Records as the strongest paper in the world.¹ The Hug-IT sleeve has high tensile strength and incomparable stretchability, so it can be trusted to wrap around the six bottles tightly, keeping them upright and held together during transit – from factory site, to retailer, to the consumer’s home. It will secure 1.5-liter PET multi-packs of the Coca-Cola, Fanta, Sprite and Mezzo Mix brands and will be sold in retail outlets throughout Austria. Hug-IT is an innovative solution, and Advantage SpringPack Plus is currently the only paper on the market offering such unique capabilities, being strong enough holding the bottle bundles together as final Hug-IT solution.
Cascades Inc. announces that it will close its packaging plant in Maspeth, New York, as part of the Corporation's modernization and optimization efforts in the Northeastern United States. "To support our future development and better serve our customers, we are announcing today that the Maspeth plant's output will gradually be redeployed to our other facilities. This decision was necessary as the current site has reached its physical limits. This transition will be seamless for all of our customers. The property has already been put up for sale for US$72 million," said Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging. Click Read More below for additional detail.
Sonoco announced it has entered into a definitive agreement to acquire Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America, for $1.35 billion in cash before taking into consideration tax benefits with an estimated net present value of approximately $180 million. Ball Metalpack is a joint venture owned by Platinum Equity (51 percent) and Ball Corporation (NYSE: BLL) (49 percent). Previously part of Ball Corporation, Ball Metalpack, headquartered in Broomfield, Colorado, was formed in 2018 and has more than 100 years of experience in producing steel tinplate food and aerosol cans, as well as closures and packaging components from eight operations in Canton and Columbus, Ohio; Milwaukee and Deforest, Wisconsin; Chestnut Hill, Tennessee; Horsham, Pennsylvania; and Oakdale, California. Ball Metalpack is projected to generate approximately $850 million in revenue and $111 million of adjusted EBITDA in 2021.