Total Packaging Papers shipments were 219,200 tons, 9.5 percent lower than January 2017. Bag & Sack shipments were down 13.4 percent month-over-month and Multiwall shipments were down 19.0 percent. Food Wrapping shipments were up 0.4 percent. The operating rate for January was 84.3 percent, the second lowest over the last 13 months. Inventories were 171,800 tons, up 3.6 percent since December 2017.
http://afandpa.org/media/news/2018/02/22/american-forest-paper-association-releases-january-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
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Smurfit Kappa has approved transformational investment plans for its Mold plant in North Wales, that will further expand capacity at the facility, make it the largest box factory in the UK and allow the company to meet the growing demand for sustainable packaging. The investment in state-of-the-art equipment will reduce CO2 per tonne emissions by 15% at the plant. Commenting on the announcement, Smurfit Kappa UK and Ireland CEO, Eddie Fellows, said, “This investment in North Wales will increase our capability, flexibility and speed of response to deliver unrivalled, innovative packaging solutions to customers across the UK and Ireland. We are determined to meet the future needs of our customers in a sustainable way. It is vital that our investment has benefits for the local community and the environment.”
Highlights - underlying earnings unless otherwise indicated(1)(2) •Profit after tax (PAT) of US$701.2 million up 9.6%(3) on a constant currency basis;
•Earnings per share (EPS) of 60.6 US cents, up 10.1%(3) on a constant currency basis;
•Strong returns, measured as profit before interest and tax to average funds employed of 20.4%;
•Strong free cash flow of US$245.3 million(4); and
•Annual dividend per share increased to 43.0 US cents. Click Read More below for additional detail.
Inteplast Group’s biaxially oriented polypropylene (BOPP) Films business unit has received ISCC (International Sustainability & Carbon Certification) PLUS certification for three facilities: Gray Court, SC; Lolita, TX; and Morristown, TN. Inteplast BOPP Films can now produce and supply ISCC-certified materials that are attributed via a mass balance approach. This makes the company one of the first North American BOPP film manufacturers to hold the ISCC PLUS designation and aligns with its sustainability goals. Paul Marquard, general manager and VP of BOPP Films, says that the ISCC PLUS certification’s mass balance approach fortifies circular economic development and makes waste a restorative resource.