Total Packaging Papers shipments were down 6.6 percent compared to March 2017 and down 6.5 percent year-to-date. Bag & Sack shipments were down 8.3 percent year-to-date. Multiwall shipments were down 12.6 percent. Converting shipments were down 2.8 percent and Food Wrapping shipments remained essentially flat. The operating rate for March decreased to 87.4 percent from 88.5 percent in February. Inventories were up 1.4 percent since February.
http://afandpa.org/media/news/2018/04/18/american-forest-paper-association-releases-march-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
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Ahlstrom is extending its product range of pressure-sensitive adhesive packaging tape applications. MasterTape® Pack supplements the fiber-based product offering supporting megatrends like e-commerce and the global need for more sustainable packaging solutions. There are approximately 30 billion square meters of packaging tape worldwide, and the numbers are growing with the expansion of e-commerce. Ahlstrom's MasterTape® WAT and MasterTape® Pack offer a high-quality product range for packaging tape applications. They address the need for high-quality performance packaging tape backings while providing customers with a sustainability-driven tape solution that protects and secures packages with the utmost care.
Highlights • A resilient performance with strong cash flow - Underlying EBITDA of €1,201 million (2022: €1,848 million), with margin of 16.4% (2022: 20.8%) - Strong cash generation with cash generated from operations increasing to €1,312 million (2022: €1,292 million) - Group revenue of €7,330 million (2022: €8,902 million) - Basic underlying earnings per share of 107.8 euro cents (2022: 195.6 euro cents) - Return on capital employed (ROCE) of 12.8% (2022: 23.7%) • Robust balance sheet with net debt to underlying EBITDA at 0.3 times; pro-forma at 1.0 times1 (2022: 0.5 times) • Good progress towards delivering €1.2 billion of organic growth investments on time and on budget • Advancing our sustainability performance through the Mondi Action Plan 2030 (MAP2030) • Completed sale of Russian assets, concluding the Group's exit from Russia
SEE announced it has completed the sale of its Reflectix® business to an affiliate of Balcan Innovations. Under SEE’s ownership, Reflectix grew to become the largest brand of reflective insulation solutions serving construction, HVAC, and insulation applications for residential do-it-yourself and pro-channels. Reflectix’s products are widely distributed in North America through more than 3,500 dealer, distributor and retail locations. The transaction includes Reflectix manufacturing facilities in Markleville, Indiana, where they employ approximately 80 employees.