Containerboard production was up 0.7 percent compared to January 2017. The month-over-month average daily production compared to December 2017 was 2.9 percent lower. The containerboard operating rate was 97.2 percent, or 2.2 percentage points higher than January 2017. Production for exports was 10.5 percent lower than January 2017, which was the month with the second highest export volume in 2017.
http://afandpa.org/media/news/2018/02/22/american-forest-paper-association-releases-january-2018-containerboard-report
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Owens-Illinois, Inc. announced that it has finalized plans to cease production at its Atlanta, GA, plant. The closure is expected to occur on or after July 18, 2018. O-I intends to facilitate the closure in a respectful manner for the approximately 250 people impacted at the Atlanta plant. Current customers of the plant will be served by other domestic plants in the O-I network. The Company remains strongly focused on optimizing the overall efficiency of, and investments in, its regional plant network. The required capital outlay for the Atlanta operations and continued decline of beer in the domestic market influenced the decision to close the plant. O-I's supply-demand profile in the U.S. will be roughly balanced after this closure. Click Read More below for additional information.
Metsä Board’s folding boxboard capacity expansion at its Husum mill in Sweden is reaching its final phases before start-up. Once the expansion is completed, the mill’s BM1 folding boxboard machine will be delivering 600,000 tonnes of premium lightweight folding boxboard every year to consumer packaging and food service end uses all around the world. The extended BM1 is expected to start up during the second half of 2023 and to reach full capacity by the end of 2025, but the machine extension is only part of this impressive project. “The most important outcome of this project for our customers will be the increased availability of sustainable, lightweight products that help reduce packaging carbon footprint,” says Jonas Adler, Product Manager for Folding Boxboard at Husum. “BM1 produces MetsäBoard Pro FBB Bright, MetsäBoard Natural FBB, MetsäBoard Pro FSB Cup and MetsäBoard Natural FSB Cup products. Nothing will change in the recipes of these popular and trusted products, it’s just that there will be more available and they’ll be produced in an even more consistent, predictable and sustainable manner,” he highlights.
International Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination (the "Combination"), creating a truly global leader in sustainable packaging solutions. The terms of the Combination value each DS Smith share at 415 pence per share1, and will result in IP issuing 0.1285 shares for each DS Smith share, resulting in pro forma ownership of 66.3 percent for IP shareholders and 33.7 percent2 for DS Smith shareholders, implying a transaction value of approximately $9.9 billion3. The Combination is expected to close by the fourth quarter of 2024. "Combining with DS Smith is a logical next step in IP's strategy to drive profitable growth by strengthening our global packaging business," said Mark S. Sutton, Chairman and CEO of IP. "DS Smith is a leader in packaging solutions with an extensive reach across Europe, which complements IP's capabilities and will accelerate growth through innovation and sustainability. We are confident this combination will drive significant value for our employees, customers, and shareholders."