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
Related Posts
Greif, Inc. announced that it has completed its previously announced acquisition of Ipackchem Group SAS ("Ipackchem"). "We are thrilled to welcome an exceptional 1,400 Ipackchem colleagues to Greif," said Ole Rosgaard, President and Chief Executive Officer of Greif. "Adding Ipackchem to the Greif portfolio is another key step forward in executing our Build to Last strategy and helps unlock significant new capabilities and market opportunities to further grow as a world leader in high-performance small plastic containers and jerrycans. Our teams have been planning our integration strategy over the past several months, which we will begin implementing immediately post-closing to drive incremental benefits, support future growth, and capture our targeted $7 million of synergies. I would like to extend my deep gratitude to every member of the Greif and Ipackchem team for their unparalleled dedication and excellent collaboration in planning post acquisition integration.”
Berry Global Group, Inc. announced that its Board of Directors has unanimously elected Kevin Kwilinski as Chief Executive Officer of Berry, effective October 2, 2023. In connection with this appointment, the Board has elected Stephen Sterrett, Lead Independent Director, as Chairman of the Board, also effective on October 2, 2023. As previously announced in February 2023, Tom Salmon will retire from his roles as CEO and Chairman, and he will remain with the Company through the end of the calendar year in an advisory capacity to ensure a smooth transition. Mr. Kwilinski brings to Berry nearly three decades of experience in the packaging industry and a track record of driving operational excellence, expanding margins and managing complex global operations. He currently serves as President and CEO of Multi-Color Corporation, a global provider of label solutions, where he successfully led and integrated multiple acquisitions, resulting in significant EBITDA and revenue growth while delivering above target commercial and operational synergies.
Highlights – underlying earnings unless otherwise indicated (1)(2) •Profit after tax (PAT) of USD 329.7 million up 3.7% on a constant currency basis; •Earnings per share (EPS) of 28.5 US cents up 3.7% on a constant currency basis; •Profit before interest and tax (PBIT) margin up 30 basis points to 11.4%; •Strong returns, measured as profit before interest and tax to average funds employed of 19.7%; •Operating cash flow, after net capital expenditure and cash significant items of USD 90.8 million(3); and •Interim dividend per share increased 7.7% to 21.0 US cents. Click Read More below for additional information. Click Read More below for additional information.